Apple's stock price surged today. The "Hi, Speed!" event is coming. How do we benefit from it?
FTSE 100 rallies with crude stocks up
On Tuesday, British blue chip equities jumped, with well-received corporate updates as well as profits for crude producers assisting the market's benchmark to chip away at a steep loss logged during last session.
The FTSE 100 index UKX climbed up 0.5% showing 7,413,89, and only a couple of components found themselves in the red.
Additionally, equities of Wm. Morrison Supermarkets PLC MRW sank 0.8% right after the company’s market share declined to 10.5% by July 16.
Both BP PLC BP and Royal Dutch Shell PLCRDSB acquired 0.45%.
Crude futures gained after Nigeria and Saudi Arabia made fresh promises to pull back on output and exports, spurred hopes for greater market rebalancing.
Mediclinic International PLC equities soared 1% after the healthcare group informed that Danie Meintjes intends to retire from his position as company director and chief executive by July 2018.
On Monday, the FTSE 100 sank 1% affected by drops for airlines.
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
The market sentiment is mixed, but there are still interesting movements on the market.