How To Articles

China’s factories have been doing better than expected recently, which led to the rise of Asian shares.

The Chinese factory sector is dependent on Australia’s export market. The rise of Asian shares caused the Australian dollar to rise as well.

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Apple sold an amazing amount of 10 million iPhone 6 units over the weekend. That is 1 million more than the sales of iPhone 5 last year.

The numbers are even more amazing considering that the iPhone 6 wasn’t even available in China this year during the opening weekend.

On the other hand, only 30% of the iPhone user have upgraded to the new iOS 8 software.

Apple is looking good with this year’s sale and their share has been rising accordingly.

Other top stories today: 

• 4 Tips for Today's Trading
  
  
• European Market Falls
  
  
• Alibaba Biggest IPO Ever

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Silver is dropping to a 4 year low while gold is falling to its lowest since January.

Precious metals took a big loss in the last few days as the dollar rose to a 4 year high last week.

Gold’s recent losses have erased almost all of its 2014 gains, with the metal now up only 0.7% from last year, when it lost 28% of its value.

Other top stories today: 

• 4 Tips for Today's Trading 
  
  
• The Dollar Drops in Asia 
  
  
• European Market Falls 
  
  
• Alibaba Biggest IPO Ever 

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Alibaba’s initial public offering was the biggest ever worldwide at $25.03 billion. Their shares rose 38% from $68 to $99.89 in its debut in New York on Friday.

This indicates that Alibaba is going to be a very successful company in the United States and other IPOs this year will probably also go well.

Traders who invested in the Alibaba share on Friday made a lot of money and the share might still rise. It may be a good idea to invest in it even now.

Other top stories today: 

The Dollar Drops in Asia

European Market Falls

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The dollar dropped today in Asia from 108.99 yen to 108.80 yen.

There are 2 main reasons for the drop: The US Federal Reserve hints of high interest rate and Scotland’s decision to stay in the UK.

There’s a chance that we can see a rise in the dollar soon, but it’s still largely unknown what will happen.

Apparently the Chinese economic growth is hurting miners, causing the European shares to drop.

Tesco fell a whopping 10.7% after getting its third warning this year due to a fault in its accounts.

Other shares like the STOXX Europe 600 index and the FTSEurofirst 300 index also took a hit.