
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.
On Tuesday, Asian shares went up, keeping to a nine-month peak because expectations for stabilization in the Chinese economy helped traders to neglect Wall Street's underperformance, which followed downbeat bank gains.
As a matter of fact, European stocks are set to gain, with futures of London as well as Frankfurt stocks jumping 0.2%-0.3%.
As for MSCI's index of Asia-Pacific stocks, it went up by 0.3%, led by profits in India and China.
The index had gone up to its highest value since July 2018 yesterday after firm export as well as banking data from China the previous week soothed traders’ worries about the health of the world's number two economy.
As for Mainland Chinese stocks, they ascended by 1.7%, partly on brisk home prices data. Meanwhile, India's NSE index managed to gain 0.8% demonstrating a record maximum, thus beating its previous maximum recorded earlier this month. Additionally, Japan's Nikkei soared by 0.2%.
As some economists pointed out, recent Chinese data is backing confidence in China’s economy, while gains haven’t been bad.
Indian stocks are soaring on expectations on India’s elections.
Moreover, hopes that China-US trade negotiators would come to compromise soon backed markets too.
On Monday, Wall Street lost ground, suppressed by the fact that underwhelming bank earnings tamed investor enthusiasm. However, while all three key American stock indexes dived, the S&P 500 kept to its record maximum.
Aside from that, safe havens, including bonds that were on the defensive reacting to the recent improvement in investor risk appetite, gained some reprieve.
Moreover, the 10-year American Treasury gain accounted for 2.548%, rebounding from a four-week peak of 2.574% hit on Monday.
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.
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.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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