When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Asian stocks are mixed as political risk impacts Tokyo and Sydney
On Wednesday, Asian stocks were mixed with China reporting slight revenues, while Sydney and Tokyo were affected by political risk concerns.
A recently launched North Korean ballistic missile, reportedly capable of a nuclear warhead, fell in Japan’s exclusive economic zone.
The Nikkei 225 inched down 0.52%, while Australia's benchmark S&P/ASX 200 index tumbled 0.16%. Meanwhile, the Shanghai Composite acquired 0.32%, the Hong Kong Hang Seng index gained 0.48%.
According to Wednesday’s Caixin services PMI surge in China's services sector decreased in June. The Caixin services PMI went down to 51.6 from the 52.8 figure observed in May. As for the June composite PMI, taking into account both the manufacturing and services sectors, it sank to 51.1 compared with the 51.5 number observed the previous month.
Overnight, American shares were closed for a holiday ahead of the Wednesday publication of Fed minutes from the June gathering expected to offer greater insight into the likelihood for another rate lift this year.
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On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
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.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…