
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.
On Friday, American futures generally headed north. The focus of investors' attention is the trade talks between the United States and China.
The Dow blue-chip index futures dived 0.32%, being worth 24784.0, while the S&P 500 futures rallied 0.22%, hitting 2,718.75. Futures of the high-tech Nasdaq 100 soared by 0.25%, reaching 6923.00.
In Washington, official delegations of the United States and China are trying to find a way out of the trade conflict between the two leading nations. On Thursday, American officials told that China agreed to change the surplus of trade with the United States due to the annual acquisition of US goods worth about $200 billion, although the Chinese authorities denied the very existence of such a pact.
In recent months, both countries have uncovered the introduction of tariffs on each other's goods.
Market participants were also focused on the surge of yield on American government bonds. The revenue on 10-year US government bonds went down by 0.04% to 3,108% after it came up with a maximum of seven years 3,126%.
The surge of the yield of American bonds and the acceleration of inflation backed forecasts for further tightening of the monetary policy of the key US financial institution.
Shares of Baidu Inc. headed south 6.14%, and Applied Materials lost 5.49%.
As for European stock markets, they demonstrated quite mixed dynamics of trading. The French CAC 40 managed to acquire by 0.08%, the German DAX slumped by 0.02%, and the London FTSE 100 dived by 0.18%. The Euro Stoxx 50 index leapt by 0.03%, while the Spanish IBEX 35 dipped by 0.35%.
Gold futures went down 0.28% being worth $1,285.8, while WTI futures tacked on 0.10% trading at $71.58 a barrel. Additionally, the US dollar index, showing the purchasing power of the US currency to the group of six major currencies, rallied by 0.13% to 93.50.
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.
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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.
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