
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 Friday, German 10-year bond gains slipped below zero. Meanwhile, European stocks and the common currency went down after grim data from the continent drove worries of a global economic deceleration after this week's dovish turn by the major US bank.
Gains on Germany's 10-year government bond became negative for the first time since October 2016 due to the fact that data revealed that manufacturing shrank for a third month in a row in March, contributing to fears that trade clashes are exacerbating a deceleration in the EU’s number one economy.
In general, factory activity in the euro zone was quite downbeat, shrinking at the fastest tempo for almost six years on the back of a big tumble in demand.
European equities suffered with German stocks diving by 0.3% having slumped to their lowest value for two weeks earlier. Stocks in Paris went down by 0.8%, while London's FTSE headed south by 1%. As for Europe's banking and industrial goods & services sectors, they became top losers.
MSCI's indicator of stocks worldwide went down by 0.2%, drifting away from the 5-1/2 months maximum recorded earlier in the week. American stock futures indicated that the souring mood would spread to Wall Street. Additionally, E-mini futures for the Down Jones, Nasdaq, and S&P inched down by 0.4%.
The German data compounded fears about the American economic outlook after on Wednesday the major US bank shocked traders by adopting a steeply dovish stance, anticipating no further interest rate lifts in 2019 and ending its balance sheet rolloffs.
The slump in German bund gains occurred after the American yield curve decreased further overnight, hinting at soaring market expectations of a downtime.
The greenback surged by 0.3% versus a group of six counterparts.
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 Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
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