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11.09 - Apple stole all of the attention

11.09.2019

 

Recovery in the Asian markets keeps on coming and coming and the positive outlook on trading situation in the world keeps on getting more and more positive. It seems that trade talks between American and Chinese are getting closer and closer to us and we are waiting to see whether these talks are going to have any results at all. We have about a month until the talks come.

Of course recovery in the American stock market comes due to the renewed interest of traders in Apple stock. Last night Apple presented their newest developments, for example, iPhone 11 and the public saw that the company is finally ready to admit that their previous pricing was a mistake and that this policy needed to be reviewed.

And so Apple stock flying higher has left dome of its rivals like Facebook and Amazon without some investors which can be seen in them losing price, but such is the law of the markets – what is more attractive is getting all of the attention.

Of course currencies are trying to keep their performance interesting as well. But the currency market is pretty stiff right now. We can see that even though dollar shows some signs of the growth, it is still not enough to make currency market move and dance. The movement there is so minimal that it starts to seem boring and very suspicious.

Will the storm come soon? We hope not, but is it is coming there is nothing we can do about it.

Commodities are all on the green zone. Oil is climbing higher and higher and gold is leading all of the precious metals segment flying. While we can enjoy the growth now, we need to remember that sooner or later it might be over and we are going to see the fall. Although we are going to think about it when it happens.

Here is what the markets look like today:

Topix grew 1.5 percent.

Kospi grew 0.5 percent.

Shanghai Composite dropped 0.3 percent.

Hang Seng from Hong Kong grew 1.7 percent.

S&P 500 futures advanced 0.1 percent.

Dollar rose 0.1 percent against the basket of six major currencies.

Euro decreased 0.1 percent - $1.1039.

Yen is at 107.3 per dollar point after having gained 0.1 percent.

British pound added 0.1 percent - $1.2349.

Apple added 1.2 percent - $216.7.

Facebook dropped 1.4 percent – $186.17.

Amazon dropped 0.6 percent - $1820.55 per share.

Tesla advanced 1.6 percent - $235.54.

Google shares barely changed - $1205.7.

WTI grew 0.7 percent - $57.8 per barrel.

Brent added 0.7 percent - $62.8 per barrel.

Gold grew 0.2 percent - $1501.9 per ounce.

Silver grew 0.6 percent - $18.3 per ounce.

Platinum advanced 1.2 percent – $942.05.