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 decline at close of trade
On Wednesday, Australian equities declined after the close. It’s because dips in the Telecoms Services, Energy as well as Resources sectors suppressed stocks.
The S&P/ASX 200 inched down 0.12%.
Rising 9.66%, 4.67% and 2.91% respectively, the benchmarks Seven Group Holdings Ltd, Brambles Ltd and Cleanaway Waste Management Ltd became the leaders of the session on the S&P/ASX 200.
On the contrary, TPG Telecom Ltd, Asaleo Care and Nanosonics Ltd lost 6.56%, 4.32% and 3.72% respectively, thus becoming the worst performers of the session.
Diving shares outclassed growing ones on the Sydney Stock Exchange by 589 to 554. Meanwhile, 371 didn’t change.
Stocks in TPG Telecom Ltd went down to 3-years minimums, diving 6.56% and getting to 5.130.
The S&P/ASX 200 VIX, tracking the implied volatility of S&P/ASX 200 options, demonstrated a 2.26% dip hitting 11.930 - a fresh 1-month minimum.
The currency pair AUD/USD grew 0.12% trading at 0.8020.
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
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.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.