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 rally at close of trade
On Tuesday, Taiwan stocks went up after the close because revenues in the Optoelectronic, Iron & Steel as well as Machinery sectors brought stocks up.
The Taiwan Weighted grew 1.27%.
The best performers of the trading session on the Taiwan Weighted included Genius, Tung Kai Tech and King Core. They rallied respectively 10.00%, 10.00% and 9.89%.
As for the worst performers, they were Tri Ocean Text, In-Win Dev and Young Optics. They dropped respectively 7.64%, 5.41% and 5.33%.
Stocks in Genius grew to 3-years peaks, soaring 10.00%, hitting 335.50. As for stocks in Tung Kai Tech, they inched up to 3-years peaks, soaring 10.00%, reaching 36.85. Additionally, stocks in King Core grew to 52-week peaks, going up 9.89%, trading at 20.55.
On the Taiwan Stock Exchange leaping shares outnumbered diving ones by 606 to 187, while 83 remained intact.
The currency pair USD/TWD descended 0.53%, hitting 30.107, while TWD/CNY stood still keeping to 0.2283.
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.
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on July 8, at 15:30 MT time.
The Federal Open Market Committee, a committee within the Federal Reserve, will reveal a detailed record of the central bank’s last meeting on July 6 at 21:00 MT.
The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy on Tuesday, July 5, at 07:30 MT.