When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
European equities sink as financials sour Apple-led tech jump
On Wednesday, semiconductor firms' stocks turned to be a bright spot in early deals in a gloomy European market, suppressed by a dip among banks and mining stocks.
The STOXX 600 index along with euro zone blue chips tumbled 0.1%. In the UK FTSE 100 lost 0.2%.
Tech stocks demonstrated the strongest sectoral performance with Apple suppliers Dialog Semiconductor as well as AMS leaping respectively 5.7% and 3.3% after iPhone optimism raised Apple shares to a record maximum overnight.
The ascend in tech was not sufficient to compensate dips among mining companies and crude stocks, sagging on the back of weaker metals as well as crude prices.
Disappointing readings from Societe Generale and Commerzbank appeared to be a drag on euro zone financial institutions. The sector index went down 0.4%. Natixis rallied approximately 4% on the back of higher gains for the period.
Well-received earnings spurred equities in a gambling company William Hill that grew more than 7% to the top of the STOXX. Additionally, results also backed sizeable moves in Lufthansa and Hugo Boss.
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.