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?
Australian equities conclude up
On Wednesday, the Australian stock market finished the trading session with surge due to the strengthening of sectors of industry, IT as well as minor goods and services.
The S&P/ASX 200 went up by 0.62% at the close of the Sydney Stock Exchange, hitting a monthly maximum.
As for the best performers of the components of the S&P/ASX 200 index one should point to equities of Qantas Airways Ltd that rallied by 8.10%, closing at 6.27. Besides this, equities of Mineral Resource managed to acquire 7.05%, concluding the auction at 19,740. As for Paper ARB Corp, these shares tacked on by 6.35% to close at about 22.100.
The worst performers were represented by Gateway Lifestyle Group – they dived by 9.49%, concluding the trading session at 1.788. Shares of JB Hi-Fi rallied 8.64%, concluding at 23.360. At the same time InvocareLtd dived by 7.11% and completed trading at 12,150.
On the Sydney Stock Exchange, the overall number of more expensive securities (691) surpassed the number of closed equities in the red (555). Meanwhile, quotes of 405 shares were intact.
Stock quotes of Gateway Lifestyle Group headed south to historic minimums, diving 9.49% and concluding the trading session at 1.788. Equities of ARB Corp tacked on to a historic maximum, having jumped by 6.35%, concluding at 22.100. Shares of Invocare Ltd dived to a 52-week minimum, losing 7.11% and ending up with 12.150.
The S&P/ASX 200 VIX volatility index, formed on the basis of trading options on the S & P/ASX 200, inched down by 6.74% trading at 11.333.
In addition to this, June delivery gold futures rallied 0.14% being worth $1.308.60 a troy ounce. June delivery WTI futures tacked on by 0.49%, hitting $67.58 per barrel. July delivery Brent futures edged up by 0.14%, hitting $73.23 per barrel.
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.
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…