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.
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 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.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.