What will move the market on October 18-22?
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 Monday, Taiwan stocks grew after the close on Monday. It’s because profits in the Machinery, Oil, Gas & Electricity as well as Plastic sectors spurred stocks.
The Taiwan Weighted earned 0.50%.
Jenn Feng, Gemtek Tech and Acceptance demonstrated the best results on the Taiwan Weighted. They soared respectively 10.00%, 9.99% and 9.97%.
As for the worst performers, these were Pal Wonn Taiwan Co Ltd, Ahoku Eltr and Kerry Tj. They tumbled 7.24%, 3.36% and 3.31% respectively.
On the Taiwan Stock Exchange rallying stocks outclassed descending ones by 398 to 351, while 127 ended intact.
July delivery crude futures gained 0.67%, demonstrating $51.01 a barrel. As for July delivery Brent crude futures, they leapt 0.62%, being worth $53.94 a barrel. Additionally, June gold futures gained 0.04%, trading at $1254.15 a troy ounce.
The currency pair USD/TWD tacked on 0.02%, reaching 30.012, TWD/CNY dived 0.09%, showing 0.2299.
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Latest news
The US NFP: What’s New?
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.
What Are FOMC Insights?
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.
Will Australian Cash Rate Change?
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.
