Apple's stock price surged today. The "Hi, Speed!" event is coming. How do we benefit from it?
Nikkei 225 soars in Asia
On Monday, Asian equities grew in thin trading with several regional markets unavailable, including India and China, and minor regional equity reaction to the recent independence referendum in Spain.
The Nikkei 225 inched up 0.16%, Australia's S&P/ASX 200 rallied 1.05%. As for financial markets in Shanghai, South Korea, India and Hong Kong, they were unavailable due to holidays.
The Bank of Japan issued its Tankan poll for the third quarter with market participants closely watching the large manufacturers index because it grew to 22 versus an expected outcome of 18. Additionally, this week traders hope Fed Chair Janet Yellen will offer further hints on the timing of the next rate lift in addition to Friday’s American jobs report.
On Wednesday, market watchers are going to look ahead to remarks by ECB Governor Mario Draghi.
On Monday, Chinese financial markets will be unavailable for a holiday along with India, South Korea and Hong Kong.
Great Britain is expected to issue a report on manufacturing activity.
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.