
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 Tuesday, European equities jumped, led by financial institutions and pharmaceutical equities because market participants looked ahead to remarks from the Fed that could offer insight into the outlook for the US monetary policy.
The Stoxx Europe 600 Index SXXP managed to ascend by 0.5% showing 385.20, having lost between positive and negative territory earlier in the trading marathon. On Monday, the index concluded 0.6% higher, in a moderate rebound from recent dives, including a 1.2% sink over the course of the previous week that turned out to be its third straight weekly slump.
On Tuesday, American equities started higher, putting the S&P 5 00 close to record levels.
Italian equities appeared to be the day’s top gainers in the European Union, with the FTSE MIB Italy index FTSEMIB soaring by 1.7% hitting 20,809.38.
The DAX DAX ascended by 0.7% in Germany demonstrating 12,425.35. By the way, on Monday the index managed to rally by 1%, thus showing its greatest single-day percentage ascend since July 26, following its third straight losing week.
The CAC 40 gained 0.8% in France, showing 5,423.30. In Great Britain, the FTSE 100 UKX stood still demonstrating 7,591.5.
The currency pair EUR/USD extended its recent ascend versus the evergreen buck showing $1.1562 in contrast with Monday’s outcome of $1.1484.
The USD index has been diving for a fifth session in a row, which is its longest losing marathon since the beginning of 2018. So far this year, the common currency has lost over 4% versus its US rival.
Market participants are shifting their focus to upcoming news from the key American bank. The minutes from the key financial institution’s latest gathering is going to be disclosed on Wednesday, while on Friday, Fed Chair Jerome Powell will deliver a speech at the bank’s annual meeting in Jackson Hole.
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.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
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