This week is full of events that can — and most certainly will — influence the market and shake up prices for some of the hottest assets out there.
Apple Earnings Report
Apple is expected to report last quarter profits. Experts believe that despite sluggish sales the AAPL stock will not demonstrate considerable depreciation. Summer has never been the best season for the company, especially when taking into account major product announcement, that usually come out in the beginning of September.
The Labor Department will be reporting the United States employment change this Friday. Overall, the trend is positive with over 860 000 jobs added since the inauguration of President Trump. More and more people head back to the job market, which is a positive sign for the US economy and the dollar. Open economic calendar.
Tesla will be reporting quarterly earnings on Wednesday after the closing bell. Despite being the most valuable auto manufacturer in the United States, the company still has to turn profit. Losses of $330 million during the first quarter alone do not add to the stock price. The attention of the public is on Tesla Model 3, delivered to the market last Friday.
The Future of Diesel
This week automobile news is not limited to the technologies of the future. Volkswagen, BMW and Daimler — Germany’s top three automotive manufacturers — will meet the state government on Thursday to discuss the future of diesel. Not only stock of the named companies could be affected, but oil prices as well.Trade now
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
In accordance with European Securities and Markets Authority’s (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.
GENERAL RISK WARNING
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
73% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.