
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 Thursday, European equities joined an overnight jump on Wall Street after dovish remarks from Fed Chair Jerome Powell improved investor sentiment towards stock markets notwithstanding uncertainty over a probable escalation in the China-US trade clash.
The STOXX 600 managed to ascend by up to 0.6%, with all key bourses as well as most sectors staying in positive territory.
Market participants are assured that the risk of fast-rising interest rates affecting the American economy along with the stock market is currently on the downside after Powell told that monetary policy rate is currently below estimates of a level, which neither brakes nor backs a healthy economy.
The new-found optimism showed up after sell-offs in February and October had helped markets experts to question the overall sustainability of the longest bull marathon in recent history.
According to a Reuters poll disclosed on Thursday, most experts are assured that the uptrend isn't over just yet, while more than 40% of analysts told that the current trading marathon has more than a year to last.
Cyclical and tech equities that have been some of the most affected in the recent sell-off, led futures up across the continent on Thursday morning.
Deutsche Bank demonstrated a sudden 4% sink after it was reported that on money laundering allegations up to 170 criminal police officers, tax inspectors, and prosecutors searched six of its offices in Frankfurt.
In addition to this, UK financial institutions made moderate moves. HSBC went down by 0.3%, while Lloyds managed to ascend by 1%, after all seven lenders managed to pass the Bank of England stress tests this year.
Equities in Swedish radiation therapy gear maker Elekta demonstrated one of the worst performances, declining by 7.7% having posted a sudden sink in operating revenue for a second straight quarter.
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 Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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