September Daily Review - 14/09

 

1. Sales of Apple Inc's (O:AAPL) new iPhones are on pace to beat the 10 million units the previous versions logged in their first weekend last year, the company said on Monday, sending its shares up nearly 2 percent.

2. The dollar held gains against the other major currencies in thin trade on Monday, as investors remained focused on the Federal Reserve's upcoming policy statement on Thursday.

3. U.S. stocks were lower at the open on Monday as a weary market awaited this week's Federal Reserve meeting that will decide on an interest rate increase. Stocks are expected to remain volatile in the run-up to the policy meeting on Wednesday and Thursday.

"The uncertainty is so high in regard to the announcement ... it leaves investors a little bit paralyzed relative to what to do in anticipation thereof," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.

4. Industrial production in the euro zone rose more-than-expected last month, official data showed on Monday. In a report, Eurostat said that Euro zone industrial production rose to a seasonally adjusted 0.6%, from -0.3% in the preceding month whose figure was revised up from -0.4%.

Analysts had expected Euro zone industrial production to rise 0.3% last month.

5. Oil prices fell on Monday as weaker-than-expected Chinese data weighed on markets, adding to concerns that declining global demand would exacerbate a surplus of crude.

Traders are also waiting to see whether the U.S. central bank raises interest rates for the first time in nearly a decade later this week.

 

 

 

Ask us about our FREE financial advice program: ChatButton

 

Other Top Stories:

Will Twitter's Share Crash?

Technical Analysis Lesson 1 - Introduction

How I Made Over $30,000 a Year by Investing in Binary Options

 

Follow us and SHARE this story on Facebook:   

 

 

 

Please publish modules in offcanvas position.