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?
Taiwan stocks decrease at close of trade
On Friday, Taiwan stocks went down after the close. It’s because losses in the Autoand Glass sectors brought stocks down.
The Taiwan Weighted went down 0.26%.
On the Taiwan Weighted the best performers were Jye Tai Precision Industrial Co Ltd, Ta Jiang Co Ltd and Sunonwealth Electric Machine Industry Co Ltd. They gained respectively 10.00%, 9.91% and 9.90%.
As for the losers, they included such benchmarks as Lead Data Inc, Wowprime Corp and Yageo Corp. They sank 9.94%, 8.67% and 6.61% respectively.
Diving shares outclassed soaring ones on the Taiwan Stock Exchange by 527 to 253, while 99 didn’t change.
Stocks in Jye Tai Precision Industrial Co Ltd went up to all time peaks, soaring 10.00% and hitting 64.90. AS for stocks in Ta Jiang Co Ltd, they inched up to 52-week peaks, gaining 9.91% and demonstrating 8.65. Stocks in Sunonwealth Electric Machine Industry Co Ltd tacked on to all time peaks, earning 9.90%, being worth 39.95.
The currency pair USD/TWD gained 0.16%, trading at 30.151.
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
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.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.