Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Asian equities struggle, as China-US trade conflict resumes
On Tuesday, Asian equities struggled because another round of US-China levies and a leap in crude prices to four-year maximums drove fears about risks to global surge.
Spreadbetters actually expected EU equities to start on the defensive, with the UK’s FTSE soaring by up to 0.1%, Germany's DAX standing still as well as France's CAC going down by 0.2%.
Additionally, MSCI's index of Asia-Pacific equities slumped by 0.15%. However, Japan's Nikkei N225 managed to ascend by almost 0.2%.
Besides this, the Shanghai Composite Index SSEC inched down by 0.7%. Australian equities slumped by 0.1%. As for Hong Kong markets, they were unavailable due to a holiday.
On Monday, America and China dared to slap fresh levies on each other's goods and neither side doesn’t seem to be ready for a compromise, lifting the risk of a protracted conflict, which could potentially chill investment and also impact global trade.
The Dow headed south by 0.7%, while the S&P 500 lost 0.35% overnight.
On Tuesday, the key US bank is scheduled to start its two-day policy gathering.
American stocks had made firm profits the previous week because market participants had hoped that China and America would find a way out of the trade issue.
The common currency was intact hitting $1.1742.
The common currency had ascended to a 3-1/2-month maximum of $1.1815 on Monday after ECB Governor Mario Draghi told that he observes a powerful pickup in euro zone inflation, underpinning moves toward unwinding an ECB asset-purchase program expected to stimulate the EU economy.
Ahead of the Fed's highly anticipated rate lift, the evergreen buck rallied to a two-month maximum of 113.00 yen before slumping to 112.915.
Versus a pack of its key rivals the USD index jumped by up to 0.15% being worth 94.329.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.