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.
European equities head south from 6-week maximum
On Monday, equities across the European Union inched down from a six-week maximum. The brewer Heineken NV lost ground on financial outcomes, with issues in the technology sector as well as global trade putting pressure on financial markets before July trade concludes this week.
The Stoxx Europe 600 index declined by 0.3% hitting 390.90, and the tech and utility sectors turned out to be the top losers. Additionally, the financial sector became the only top performer, although its jump wasn’t significant. The index gained 0.4% on Friday reaching 392.08, which is its strongest outcome since June 14. The previous week, the index tacked on by 1.7%, which is its best outcome since March 9.
The DAX 30 declined 0.3% in Germany being worth 12,827.01. The CAC 40 index dived by 0.4% in France, hitting 5,492.32.
The IBEX 35 declined by 0.1% in Spain reaching 9,861.00. In Great Britain, the FTSE 100 index managed to ascend by 0.3% trading at 7,677.55.
The currency pair EUR/USD managed to ascend to $1.1686.
Regional equities had rather a tough start in the second-to-last trading marathon of July.
Market participants are still closely watching the earnings season. Twitter gained 0.15%, Netflix headed south by 2.17%, and Facebook rallied by 0.06%.
In addition to this, the Technology Index FX8 headed south by 0.6%.
Apart from earnings, this week traders paid attention to the BOJ’s monetary policy statements. Additionally, they also required statements from the Bank of England and the Federal Reserve. On Wednesday, the Bank of England is anticipated to have its interest rate lifted to 0.75%. Moreover, it’s expected to come up with a quarterly inflation report.
Both the BOJ and the Fed are believed to proceed with lifting rates.
Heineken NV equities headed south by 3.6%. Siemens Healthineers dived by 3.5%.
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 dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).