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 shares slumped after the close because losses in the Gold, A-REITs as well as Industrials sectors suppressed stocks.
The S&P/ASX 200 dived 0.64% in Sydney.
On the S&P/ASX 200 the best performers were represented by such benchmarks as Magellan Financial Group Ltd, Beach Energy Ltd and Platinum Asset Management Ltd. They ascended respectively 4.69%, 4.44% and 4.42%.
Meanwhile, the top losers were Macquarie Atlas Roads Group, Syrah Resources Ltd and Pact Group Holdings Ltd. They went down respectively 5.22%, 5.14% and 4.89%.
On the Sydney Stocks Exchange diving stocks outnumbered soaring equities by 743 to 524, while 354 were intact.
Equities in Beach Energy Ltd edged up to 3-years maximums, ascending 4.44% to 1.353. Additionally, stocks in Platinum Asset Management Ltd tacked on to 52-week peaks, adding 4.42% to 8.260.
The currency pair AUD/USD stood still, sticking to 0.7824, AUD/JPY dived 0.35% hitting 87.83.
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 Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).