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.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.