This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
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.
Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
Virgin Galactic (SPCE) will launch Richard Branson to space on July 11, aiming to beat Jeff Bezos.
The Reserve Bank of Australia (RBA) will hold a meeting and announce changes to the monetary policy on August 3, at 07:30 MT time (GMT+3).
What events to follow and how to trade during the week of July 2-6?
EUR/USD retraced to 1.1870 after breaking out this level. It should be just a natural sell-off ahead of the further rally up.