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 surge ahead of major policy events in America and China
On Monday, Asian shares surged because market participants cautiously looked to whether major policy events in China and America could soothe fears about decelerating global economic surge or not.
MSCI's index of Asia-Pacific equities managed to ascend by 0.25%. Moreover, the CSI 300 index of Shanghai along with Shenzhen stocks declined by 0.3%, although managed to stay above its November minimum.
In Japan, Nikkei soared by 0.6%, while American stocks ascended by 0.3%.
European equities are anticipated to start a bit changed. As for spread-betters, they looked at a nearly flat start the UK’s FTSE as well as France's CAC. Additionally, the DAX index surged a bit in Germany.
MSCI's broadest indicator of the world's equities, which cover up to 47 markets, ascended a bit having demonstrated the weakest settlement since July 2017 on Friday on soaring evidence of decelerating surge in China and the European bloc.
The Chinese economy has been losing momentum for the last quarters because a multi-year government campaign aimed at curbing shadow lending actually put great financial strains on companies in a blow to investment and production.
Market participants are currently looking to Tuesday’s speech by Chinese leader Xi Jinping to mark the 40th anniversary of his country reform as well as opening up.
China is also anticipated to hold its annual Central Economic Work Conference this week, at which major surge objectives along with policy goals for next year are going to be discussed.
The previous week, the politburo, the top decision-making body of the Chinese Communist Party, told that this leading Asian country is going to keep its economic surge within a sound range in 2019, striving to back jobs, trade as well as investment simultaneously promoting reforms and taming risks.
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.
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?