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 dive at close of trade
On Monday, Australian shares lost after the close due to the fact losses in the Utilities, Consumer Discretionary as well as Financials sectors suppressed stocks.
The S&P/ASX 200 went down 0.19% in Sydney.
On the S&P/ASX 200 the best performance was demonstrated by Seven Group Holdings Ltd, APN Outdoor Group Ltd and Southern Cross Media Group Ltd. They edged up 7.97%, 4.41% and 3.65% respectively.
Meanwhile, the top losers included such benchmarks as Australian Agricultural Company Ltd, Domain Holdings Australia Ltd and Myob Group Ltd. They sank respectively 4.06%, 3.80% and 3.54%.
Diving stocks managed to supplant advancing equities on the Sydney Stock Exchange by 687 to 541, while 347 were intact.
Stocks in Seven Group Holdings Ltd rallied to all time maximums, gaining 7.97% and reaching 14.285. Equities in Australian Agricultural Company Ltd went down to 52-week minimums, diving 4.06% and getting to 1.300. Besides this, equities in Domain Holdings Australia Ltd went down to all time minimums, decreasing 3.80% being worth 3.540.
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.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.