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 shares conclude down
On Monday, European equities managed to conclude a bit down due to the fact that market participants were still nervous about budget clashes between Italy and the EU and the UK’s efforts to break up with the trade bloc.
Eventually, Chinese shares recorded their best daily jump for two years as the country’s statesmen came up with upbeat remarks, which have backed investor sentiment domestically, although provided only a short-lived dive in other stock markets.
As a matter of fact, the Stoxx Europe 600 SXXP lost 0.4% being worth 359.74, following a moderate gain on Friday. However, for the week it has added 0.6%.
Italy’s FTSE MIB Italy index concluded down due to the fact that the trading marathon went on, diving about 0.6% coming up with an outcome of 198,966.22. The DAX 30 DAX slumped by 0.3% in Germany ending up with 11,524.34. The CAC 40 concluded at 5,053.31 in France slipping 0.6%. In addition to this, the FTSE 100 declined by 0.1% in the United Kingdom demonstrating an outcome of 7,042.80, although it had soared on the day. The IBEX 35 IBEX went down by 1% being worth 8,806.50.
The currency pair EUR/USD went down to $1.14800. The currency pair GBP/USD dived to an almost 3-week minimum around $1.2968.
The European Central Bank isn’t going to hold a gathering on Thursday. Market participants won’t be monitoring further details as the key bank gets closer to winding down its asset buying in December.
Fiat Chrysler Automotive NV FCA ascended by 3% because the car maker told it would have its auto-parts unit Magneti Marelli sold to KKR & Co.
Besides this, the equities of Ryanair Holdings PLC RY4C managed to surge by 4.3%.
Royal Philips NV PHIA sank by 8.7% because the Dutch technology group posted a dive in the third-quarter net revenue.
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 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?
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
US Retail Sales will be out on October 15 at 15:30 MetaTrader time (GMT+3).