Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
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.
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…
The overall market sentiment is risk-on. The S&P 500 index (US 500) is getting close to the all-time high. Oil is recovering quickly from its recent losses.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…