What will move the market on October 18-22?
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 edge up at close of trade
On Friday, Australian equities ascended after the close because profits in the Healthcare, IT as well as Telecoms Services sectors underpinned stocks.
The S&P/ASX 200 rallied 0.23%.
On the S&P/ASX 200 the best performers were represented by Tabcorp Holdings Ltd, Sims Metal Management Ltd and St Barbara Ltd. They edged up respectively 5.26%,3.41% and 3.30%.
The worst performers included Costa Group Holdings Ltd, Australian Agricultural Company Ltd and Beach Energy Ltd. They went down respectively 3.39%, 3.21% and 3.18%.
Growing shares outnumbered declining equities on the Sydney Stock Exchange by 688 to 494. Meanwhile, 371 were intact.
Equities in Tabcorp Holdings Ltd ascended to 52-week maximums, rising 5.26% to 5.000. Stocks in Australian Agricultural Company Ltd dived to 52-week minimums, declining 3.21% to 1.355. As for equities in St Barbara Ltd, they rallied to 52-week maximums, gaining 3.30% to 3.130.
The currency pair AUD/USD slid 0.22% trading at 0.7571, AUD/JPY sank 0.68% being worth 85.20.
Similar
What to expect from Microsoft event?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Apple event surprised traders
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.
Latest news
Assets Won’t Survive This Week
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Post-Fed Releases for USD & CAD Traders
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
FED and BOE Make Another Attempt to Beat Inflation
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.
