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On Friday, Asian stocks decreased because trepidation ahead of the start of the American corporate earnings season as well as underlying anxiety over the global surge outlook managed to eclipse some reassuring American economic data.
EU stocks are anticipated to start fractionally up, with pan-region Euro Stoxx 50 futures adding by 0.03% hitting 3,366 in early European trades. Besides this, German DAX futures slumped by 0.02% showing 11,971.5, while FTSE futures tacked on by 0.2% being worth 7,377.
In addition to this, MSCI's index of Asia-Pacific stocks slumped by 0.1%, having previously see-sawed within a tight band.
Notwithstanding broad weakness in the region, with Chinese blue-chips decreasing by 0.4% ahead of the publication of March trade data, higher Chinese iron ore prices assisted Australia's S&P/ASX 200 index to head north by 0.85%.
Besides this, Japan's Nikkei stock index managed to soar by about 0.7%.
As a matter of fact, the Dow Jones Industrial Average headed south by 0.05% hitting 26,143.05, while the S&P 500 was intact reaching 2,888.32. As for the Nasdaq Composite, it tumbled by 0.21% trading at 7,947.36.
Tempering expectations for a steep deceleration in American surge was data that revealed that the number of US citizens who filed applications for unemployment benefits decreased to a 49-1/2-year minimum the previous week.
Remarks from Fed Vice Chairman Richard Clarida that the American economy is currently in a good shape, but re-emphasising the major US bank’s patience on rate lifts, also helped to reassure traders.
Underscoring threats to the world economy, Mitsuhiro Furusawa, IMF Deputy Managing Director told that a greater-than-anticipated deceleration in the Chinese economy is still a major risk.
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.
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.
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