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 inch down at close of trade
On Thursday, Australian stocks inch down after the close because dips in the Utilities, Consumer Staples as well as Energy sectors suppressed equities.
The S&P/ASX 200 went down 0.18%.
Orora Ltd, Western Areas Ltd and Independence Group NL appeared to be the best performers of the session on the S&P/ASX 200. They rose respectively 9.16%, 5.83% and 4.73%.
As for losers, they were represented by Vocus Group Ltd, Magellan Financial Group Ltd and Seven West Media Ltd, tumbling respectively 6.27%, 3.89% and 2.94%.
Diving equities outclassed soaring ones on the Sydney Stock Exchange by 600 to 533, while 347 were intact.
Tracking the implied volatility of S&P/ASX 200 options, the S&P/ASX 200 VIX gained 2.79% being worth 14.071.
The currency pair AUD/USD inched down 0.20% being worth 0.7874. Meanwhile, the currency pair AUD/JPY inched down 0.24% trading at 86.62.
The US Dollar Index Futures gained 0.19% hitting 93.59.
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.