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.
Turkey stocks head south at close of trade
On Friday, Turkey stocks headed south after the close due to the fact losses in the Tourism, Transport, and Real Estate Investments sectors led shares down.
In Istanbul, the BIST 100 inched down by 0.03% at the close.
The top-notch gainers of the trading session on the BIST 100 were represented by Alarko Holding AS that ascended by 6.74% ending up with an outcome of 2.850 at the close. Besides this, Ege Endustri ve Ticaret AS surged by about 5.76% ending up with 435.00. As for Zorlu Enerji Elektrik Uretim, it managed to jump by up to 5.56% concluding the trading session at 1.330.
As for the worst performers of the trading session, they were represented by ENKA Insaat ve Sanayi AS that decreased by 2.11% being worth 5.100. In addition to this, Petkim Petrokimya Holding AS headed south by about 1.69% trading at 4.660, while Turkish Airlines slumped by 1.26% showing an outcome of 14.150.
On the Istanbul Stock Exchange, soaring shares managed to outnumber diving ones by 222 to 124, while 61 didn’t change.
Meanwhile, on the Comex exchange, June delivery gold futures slumped by about 0.01% demonstrating a reading of $1277.90 a troy ounce. As for other commodities, May delivery crude futures tacked on by up to 0.38% trading at $64.00 a barrel. Additionally, June delivery Brent futures dived by 0.04% ending up with $71.95 a barrel.
The currency pair USD/TRY tacked on by 0.28% ending up with 5.8105. As for the currency pair EUR/TRY, it surged by 0.46% trading at 6.5367.
Besides this, the US Dollar Index Futures jumped by up to 0.49% reaching 97.132.
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.
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.
Every week we expect many interesting events that can shake the market.