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 lose at close of trade
On Friday, Australian shares tumbled after the close due to the fact losses in the Gold, Healthcare as well as Industrials sectors suppressed equities.
The S&P/ASX 200 inched down 1.50%.
On the S&P/ASX 200 the best performers included Fortescue Metals Group Ltd, Brickworks Ltd and Ioof Holdings Ltd. They rallied 3.24%, 2.68% and 1.17% respectively.
Meanwhile, losers lost 6.47%, 5.67% and 4.17% respectively. These were Webjet Ltd, Asaleo Care and A2 Milk Company Ltd.
Diving equities managed to supplant growing ones on the Sydney Stock Exchange by 731 to 414, while 331 didn’t change.
Tracking the implied volatility of S&P/ASX 200 options, the S&P/ASX 200 VIX gained 10.90% hitting 3.482.
The currency pair AUD/USD tacked on 0.04% demonstrating an outcome of 0.7970. Besides this, AUD/JPY sank 0.23% trading at 88.44.
The US Dollar Index Futures headed south 0.11% being worth 93.67.
August delivery gold futures slumped 0.03% getting to $1259.68 a troy ounce.
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.