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 tack on at close of trade
On Thursday, Australian shares jumped after the close because profits in the Utilities, IT as well as Industrials sectors underpinned equities.
The S&P/ASX 200 inched up 0.39% hitting a fresh 3-months maximum.
IPH Ltd, Northern Star Resources Ltd and Mayne Pharma Group Ltd rallied respectively 8.53%, 5.63% and 5.11%, thus becoming the winners of the session on the S&P/ASX 200.
On the contrary, the losers were represented by such benchmarks as Flexigroup Ltd, Fisher & Paykel Healthcare Ltd and Whitehaven Coal Ltd. They slumped respectively 3.42%, 3.27% and 2.84%.
Diving equities managed to supplant sliding ones on the Sydney Stock Exchange by 685 to 452, while 381 didn’t change.
The S&P/ASX 200 VIX, estimating the implied volatility of S&P/ASX 200 options, showed a 1.98% dip reaching 11.207.
The currency pair AUD/USD gained 0.41% being worth 0.7820. Meanwhile, AUD/JPY surged 0.23% trading at 87.81.
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