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.
Saudi Arabia shares rally
On Monday, Saudi Arabia shares managed to ascend after the settlement due to the fact yields in the Retail, Media & Publishing as well as Insurance sectors underpinned stocks.
The Tadawul All Share headed north by 0.12% at the close in Saudi Arabia reaching a fresh 3-years maximum.
On the Tadawul All Share, the best performers of the trading marathon were represented by Aldrees Petroleum & Transport Svcs that ascended by 6.77% concluding the trading session at 34.70.
Besides this, Saudi Cement Company inched up by about 4.60% being worth 66.00, while Bupa Arabia for Coop. Insurance rallied by 4.34% coming up with 91.40 in late trade.
As for the worst performer of the trading session, one should mention Al Andalus Property Co SJSC that headed south by 7.22% hitting 15.42 at the close. Additionally, Abdullah A. M. Al-Khodari Sons Co went down by 6.26% showing 5.39, while AXA Cooperative Insurance Company decreased by 2.80% demonstrating 26.00.
On the Saudi Arabia Stock Exchange, diving shares managed to outclass rallying ones by 84 to 83, while 22 didn’t change.
Aside from that, stocks in Aldrees Petroleum & Transport Svcs jumped to 3-years maximums, adding 6.77% reaching 34.70. Stocks in Saudi Cement Company managed to tack on to 52-week maximums, soaring by 4.60% reaching 66.00. Additionally, stocks in Bupa Arabia for Coop. Insurance soared to 52-week peaks, rallying by up to 4.34% ending up with 91.40.
June delivery crude futures slumped by 0.54% being worth $62.96 a barrel. Brent futures declined by 0.31% hitting $71.41 a barrel. As for June delivery gold futures, they shrank by 0.64% demonstrating $1280.55 a troy ounce.
The currency pair EUR/SAR jumped by 0.01% hitting 4.1822. USD/SAR gained 0.01% trading at 3.7502.
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.
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.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.