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 Wednesday, Australian equities surged after the close because profits in the Telecoms Services, Gold and A-REITs sectors lent support to stocks.
The S&P/ASX 200 jumped 0.25% in Sydney.
On the S&P/ASX 200 the top winners were the following benchmarks: Sirtex Medical Ltd, Australian Pharma Industries Ltd and Sigma Pharmaceuticals Ltd. They inched up 45.78%, 4.17% and 4.07% respectively.
As for the key losers, they were represented by Beach Energy Ltd, Pilbara Minerals Ltd and Viva Energy Reit Ltd. They lost respectively 4.06%, 3.57% and 3.26%.
On the Sydney Stock Exchange descending equities outclassed growing stocks by 737 to 523, while 361 were intact.
Equities in Sirtex Medical Ltd tacked on to 52-week maximums, adding 45.78% being worth 27.450.
Indicating the implied volatility of S&P/ASX 200 options, the S&P/ASX 200 VIX slumped 3.54% trading at 12.363.
The currency pair AUD/USD slid 0.09% hitting 0.8076, AUD/JPY declined 0.08% reaching 87.84.
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.