Stock prices in the US and mostly in Europe on Monday, October 12, have risen as stock prices of US technology companies rise before a new iPhone output.
Investor sentiment was also boosted by growing confidence that the US presidential election on November 3 will be the undisputed winner, and hopes that the US Congress will adopt a new economic stimulus package.
New iPhone waiting for companies Apple the stock price rose more than 6.4%, and the Wall Street Index Nasdaq Composite increased by 2.6%.
Analysts predict that Apple will come up with a new iPhone 12 model in various sizes that will be adapted to 5G telecommunication networks, and high demand for this model is expected in China.
National Securities Chief Market Strategist Art Hogan said Joe Biden’s growing dominance over Donald Trump in opinion polls suggests that an uncertain outcome is less likely and that Democrats will be able to take over the White House from Trump and perhaps get a majority in the Senate.
The Frankfurt and Paris stock exchange indices rose, while the London stock exchange index fell after additional restrictions were imposed due to COVID-19 in several parts of the north of England.
Oil prices fell due to the prospect of further COVID-19 quarantine in many countries.
“More quarantine in the world could also affect economic growth, and oil prices have fallen today,” said Chris Beauchamp, chief market analyst at online trading firm IG.
US Stock Exchange Index Dow Jones Industrial Average on Monday rose 0.9% to 28,837.52 points, the index Standard & Poor’s 500 rose 1.6% to 3,534.22 points, while the index Nasdaq Composite increased by 2.6% to 11,876.26 points.
The London Stock Exchange index FTSE 100 fell 0.3% to 6001.38 points on Monday, the Frankfurt stock exchange index DAX 30 rose 0.7% to 13,138.41 points, while the Paris stock exchange index CAC 40 rose 0.7% to 4979 , 29 points.
In the e-commerce of the New York Stock Exchange, the price of WTI crude oil fell by 2.7% on October 12 to USD 39.49 per barrel. Brent The price of crude oil on the London Stock Exchange fell by 2.6% to $ 41.74 per barrel.
The euro fell against the US dollar from 1.1826 to 1.1809 dollars per euro on Monday, the British pound against the US dollar rose from 1.3036 to 1.3066 dollars per pound, and the US dollar against the Japanese yen fell from 105.62 to 105.32 yen per dollar. The euro fell against the British pound from 90.72 to 90.35 pence per euro.
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