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.
EU equities are backed by trade war optimism
On Tuesday, European equities started higher due to the fact that a new whiff of optimism over the China-U.S. trade clash backed market sentiment after a burst of political risk as well as fears about global surge affected world markets during the previous trading session.
The Euro zone STOXXE index ascended by 0.7%. Besides this, the most sensitive to China due to its big exporters, the DAX index managed to head north by 0.8% in Germany.
Previously, Asian equities got a bounce following reports that American and Chinese trade officials had a telephone conversation. That’s an indication that discussions between the world's leading economies resumed notwithstanding the recent arrest of Huawei's CFO.
Some experts pointed out that while they consider this sign to be a positively crucial in the broader context, but a trade conflict is far from over. So, it should be regarded as just a preliminary step in what should be a long and tough road.
In France, the CAC 40 index gained 0.8% because French leader Emmanuel Macron promised to lift the minimum wage and reduce taxes for the purpose of preventing more violent protests, which have rocked the euro zone's number two economy.
The FTSE 100 surged by 0.5% in Great Britain, with the UK currency stabilizing after Monday's Brexit-related tumble to a 20-month minimum after UK Prime Minister Theresa May delayed a decisive vote on how the United Kingdom will depart from the European bloc.
Among top gainers was UK advertising giant WPP. It managed to rally by up to 4.9% having announced its plans to spend about 300 million pounds and reduce 2,500 jobs, which is part of new boss Mark Read's initiative to return the world's biggest advertising group to surge.
Equities in Ashtead went up by 6.4% because the equipment rental company told it expected full-year outcomes ahead of expectations.
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.
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.