
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.
On Thursday, European stocks went down because trade tensions between China and America worsened once again. Germany’s key benchmark was suppressed by worries as for the impact of tariff action. Dismal revenue updates from BMW AG and Siemens AG also contributed to the pessimistic mood.
Traders are also awaiting a monetary policy verdict from the BoE. Britain’s main financial institution is highly anticipated to have interest rates lifted for only the second time for a decade.
The Stoxx Europe 600 dived by 0.6% hitting 387.60, finding itself on track for its second loss in a row. On Wednesday, the index headed south by 0.5% having concluded July on a positive note.
The DAX 30 index slumped by 1.71% in Germany becoming the top loser among key regional indexes, losing about 1.7% and hitting 12,519.30 on downbeat financial updates from major companies.
In Great Britain, the FTSE 100 index went down by 0.8% showing 7,588.34 because investors waited for the BOE decision.
The currency pair EUR/USD dipped by 0
Trade tensions between American and China resumed after on Wednesday US leader threatened to lift the proposed duties on $200 billion of Chinese goods to about 25%, which is more than double the initial 10%.
Worries as for the probable hit to exporters enabled to partly relieve pressure on the DAX, Germany’s key benchmark.
In addition to this, the equities of Siemens went down by 4.7% after the German conglomerate’s revenue declined in the third quarter, affected by underperformance at its crude-and-gas unit as well as a higher tax rate.
Among the other divers in Frankfurt, one should mention BMW equities that lost 2.7%, Hugo Boss AG BOSS that inched down by 4.7% following their financial updates.
Additionally, KAZ Minerals PLC KAZ lost 21%.
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.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!