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 rally at close of trade
On Thursday, Australian equities inched up after the close because revenues in the IT, Utilities as well as Telecoms Services sectors brought stocks up.
The S&P/ASX 200 edged up 0.10% showing a fresh 3-months peak.
Galaxy Resources Ltd, Australian Pharma Industries Ltd and Aveo Group demonstrated the best performance on the S&P/ASX 200, ascending respectively 5.49%, 4.43% and 3.77%.
As for the losers, they were represented by such benchmarks as Resolute Mining Ltd, Super Retail Group Ltd and St Barbara Ltd. They slumped 3.74%, 3.65% and 3.36% respectively.
Soaring shares outnumbered sagging equities on the Sydney Stock Exchange by 611 to 540, while 398 were intact.
Equities in Galaxy Resources Ltd grew to all time maximums, soaring 5.49% being worth 3.840.
Estimating the implied volatility of S&P/ASX 200 options, the S&P/ASX 200 VIX ascended 1.00% trading at 11.303.
The currency pair AUD/USD gained 0.10% hitting 0.7854, AUD/JPY rallied 0.15% trading at 88.75.
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.