APPLE: how to trade the "Hi, Speed!" event?
Apple's stock price surged today. The "Hi, Speed!" event is coming. How do we benefit from it?
European equities dive on renewed fear of trade war
On Friday, European equities slumped for a second day, following news that US leader is slapping more duties on China.
The STOXX 600 went down by about 0.5%, finding itself on track for its greatest slump in a fortnight. The DAX went down by nearly 1% in Germany.
Clashes between the EU and America suppressed car equities SXAP – they slumped by 1% thus becoming the worst-performing sector.
US leader has rejected an EU offer to terminate auto levies, telling that its trade policies turn out to be as bad as China’s. On the contrary, European Commission President Jean-Claude Juncker told that the European bloc would respond if America slapped auto duties.
Volkswagen, BMW, Daimler, and Continental appeared to be the biggest weights on the DAX, slumping by 1%-1.3%.
Besides this, Whitbread jumped by 19% right after the British company agreed to have its Costa Coffee chain sold to Coca-Cola for nearly 3.9 billion pounds.
Traders told that the deal's value surpassed the market's hopes by 500 million to 900 million pounds. It was wrapped up faster than anticipated. Most of the funds are going to be returned to shareholders.
Sage went down by 9%, which appears to be the biggest slump among European equities, after the UK software maker shocked the market by announcing Chief Executive Stephen Kelly would retire in May next year.
Air France went down by nearly 2.5%, extending Thursday's dips after Kepler Cheuvreux cut the stock from “buy” to “hold,” citing worries about capacity surge, strikes, and fuel costs.
Besides this, German carrier Lufthansa inched down by 4.2%, after Citi had the stock cut to "sell", telling that perceptions of consolidation in Germany turned out to be extremely enthusiastic. Instead, Citi preferred low-cost airlines Ryanair and EasyJet.
Similar
APPLE: stereo on
Apple's stores no longer sell audio accessories of other brands. Are we expecting Apple's stock to rise?
DISNEY stock: legends and money
Disney's "Mulan" was released yesterday. And there is a lot of publicity about it...
Latest news
Start the week with fresh analytics!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Uncertainty underpinned USD
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
US dollar turned up after closing in red yesterday
The market sentiment is mixed, but there are still interesting movements on the market.
Deposit with your local payment systems
