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 shares gain at close of trade
On Wednesday, Australian equities rallied after the close because profits in the Energy, Consumer Staples as well as Resources sectors underpinned stocks.
The S&P/ASX 200 managed to soar 0.38%.
On the S&P/ASX 200 the best performance was demonstrated by such benchmarks as Mineral Resources Ltd, Syrah Resources Ltd and A2 Milk Company Ltd. They grew respectively 12.57%, 8.31% and 6.30%.
As for the losers, one should mention Webjet Ltd, Fisher & Paykel Healthcare Ltd and Nanosonics Ltd. They went down 11.55%, 5.29% and 3.97% respectively.
Leaping shares outnumbered declining equities on the Sydney Stock Exchange by 681 to 562, while 360 didn’t change.
Stocks in Mineral Resources Ltd edged up to all time maximums, adding 12.57% being worth 18.990. Equities in Syrah Resources Ltd rallied to 52-week peaks, gaining 8.31% trading at 4.430. Equities in A2 Milk Company Ltd added to all time gains, soaring 6.30% and reaching 7.930.
The currency pair AUD/USD declined 0.16% trading at 0.7566, AUD/JPY sank 0.35% being worth 84.91.
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 US PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.