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 stocks ascend at close of trade
On Tuesday, Australian stocks surged after the close, as profits in the Financials, IT as well as Consumer Discretionary sectors brought stocks up.
The S&P/ASX 200 leapt 1.30% to reach a fresh 52-week peak.
Such benchmarks as Mantra Group Ltd, Ardent Leisure Group and Aconex Ltd turned to be the best performers of the session on the S&P/ASX 200. They rallied respectively 12.26%, 11.04% and 8.16%.
As for the worst performers, they were represented by Myer Holdings Ltd, Isentia Group Ltd and Resolute Mining Ltd. They tumbled 5.16%, 3.31% and 2.93% respectively.
On the Australia Stock Exchange, soaring stocks outperformed declining ones by 615 to 454, while 343 ended intact.
The S&P/ASX 200 VIX, tracking the implied volatility of S&P/ASX 200 options, sank 2.98%, being worth 12.271.
The currency pair AUD/USD dropped 0.09%, trading at 0.7610, while AUD/JPY dipped 0.12%, hitting 84.19.
The US Dollar Index Futures stood still 0.00%, showing 99.03.
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 Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.