{"id":2041386,"date":"2023-09-22T12:24:02","date_gmt":"2023-09-22T16:24:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-markets-find-feet-after-apple-topples\/"},"modified":"2023-09-22T12:34:14","modified_gmt":"2023-09-22T16:34:14","slug":"marketmind-markets-find-feet-after-apple-topples","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-markets-find-feet-after-apple-topples\/","title":{"rendered":"Markets stabilize after Apple&#8217;s fall."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">10<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmarketmind-markets-find-feet-after-apple-topples%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2041386&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>A Look Ahead in U.S. and Global Markets<\/h2>\n<p>Some soothing words from\u200d Federal \u2064Reserve officials have calmed a \u200djumpy first week of\u200c September for world markets, \u2064aggravated by geopolitical tech wars that\u200b saw Apple caught in the crosshairs.<\/p>\n<blockquote>\n<p>The\u200c world\u2019s most valuable company, whose stock is up more than 36% this year, has recoiled more than\u200b 6% since Wednesday on reports China \u2062had ordered central government employees\u2062 to stop using iPhones at work.<\/p>\n<p>Although the \u200dextent\u200b of the ban is still unclear, \u200bit wiped some $190 billion from Apple\u2019s market capitalization and\u200c dragged down major Wall St stock indices again \u2062on Thursday.<\/p>\n<p>Coming just as China\u2019s main rival telecom firm Huawei launched two new smartphones, and as most G20\u200d leaders gathered in India for another fractious global summit, the Apple sideswipe also unnerved\u200d shares in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/amazon-founder-washington-post-owner-jeff-bezos-accuses-elon-musk-of-being-in-pocket-of-china\/\" title=\"Amazon Founder\/Washington Post Owner Jeff Bezos Accuses Elon Musk of Being in Pocket of China\">major suppliers<\/a> across Asia.<\/p>\n<p>The stock appeared to stabilize in out-of-hours trade on Friday and Morgan Stanley analysts \u2064claimed China\u2019s iPhone bans would \u200cat most hit Apple revenues by about 4%.<\/p>\n<p>But there was also a slightly calmer market tone\u200c more generally to end the downbeat week.<\/p>\n<p>Even though the latest update on U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/florida-reports-18-consecutive-months-of-private-sector-job-growth\/\" title=\"Florida Reports 18 Consecutive Months of Private Sector Job Growth\">employment continued<\/a>\u200c to show a \u200dsuper-tight labor \u2063market, noises from top Fed policymakers\u200b suggested the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/a-stock-market-crash-dont-try-to-understand-it-feel-it\/\" title=\"A Stock Market Crash? Don\u2019t Try to Understand It, Feel It\">central bank\u2019<\/a>s \u2062tightening campaign may indeed be over after all.<\/p>\n<p>\u201cWe\u2019ve got policy in a good place,\u201d said New York Fed President John Williams,\u2063 adding it was still an \u201copen question\u201d whether monetary policy is restrictive enough to\u200d bring\u200d the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/economists-push-for-another-round-of-stimulus-checks\/\" title=\"Economists Push for Another Round of Stimulus Checks\">economy back<\/a> into balance.<\/p>\n<p>The typically more dovish \u2063Chicago Fed boss Austan Goolsbee went one further. \u201cWe are very rapidly approaching the\u200c time when our argument is not going to be about how high\u2062 should\u2064 the rates go;\u200d it\u2019s going to be an argument about how long do we need to keep the rates\u2062 at this \u2063position.\u201d<\/p>\n<p>Dallas Fed chief Lorie Logan showed \u2064up for the hawks. \u201cThere is work \u2063left \u2064to do,\u201d\u2064 she said.<\/p>\n<p>The upshot was the rates market calmed \u2064a bit \u2064\u2013 with the \u200dodds \u2064on another Fed hike in the cycle falling back below 50% despite the\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/marketmind-markets-find-feet-after-apple-topples\/\" title=\"Markets stabilize after Apple's fall.\">red hot jobless claims readout<\/a>.<\/p>\n<p>That helped Treasury \u200cyields fall back too, aided by the\u2063 stock market wobble and\u2063 an \u200boil price \u200bcoming off the boil.<\/p>\n<p>After\u2064 six straight daily gains to its highest in six months, the dollar index took\u200d a breather too.<\/p>\n<p>But the greenback continued to climb against \u200bChina\u2019s onshore yuan, which hit another near 16-year low on Friday after\u2064 this week\u2019s dour Chinese trade data, the ongoing \u2062property bust, a worrying sounding from \u2064its service sector and more credit easing in mortgages and loans.<\/p>\n<p>China\u2019s August inflation report is due out on Saturday amid hopes it may pull out of \u200ca brief flirtation with headline\u200b price deflation.<\/p>\n<p>Friday trading was disrupted by \u200calarming weather again in Hong Kong, however. The stock exchange there halted trading in both securities and derivatives \u2064markets due to a black rainstorm warning.<\/p>\n<\/blockquote>\n<h3>Events to Watch For on Friday:<\/h3>\n<ul>\n<li>Federal Reserve issues quarterly financial accounts of the United States, U.S. July wholesale sales\/inventories; Canada Aug employment report<\/li>\n<li>Federal Reserve Vice Chair for Supervision Michael Barr and San Francisco Fed President Mary Daly\u200c speak<\/li>\n<li>Leaders gather for weekend \u2062G20 Summit\u2063 in New\u200b Delhi<\/li>\n<li>U.S. corporate earnings: Kroger<\/li>\n<\/ul>\n<p>(By Mike Dolan, editing by Andrew Cawthorne; mike.dolan@thomsonreuters.com. Twitter: @reutersMikeD)<\/p>\n<p> <\/p>\n<h2> How are the ongoing\u200d trade \u2062tensions between the US and China impacting market stability and investor confidence in sustainable growth?<\/h2>\n<p><span>  \u2062To a more \u200bsustainable growth path.<\/p>\n<\/blockquote>\n<p>The comments from Federal Reserve officials brought some\u2062 relief \u200dto the markets, which\u200d had been jittery due to a \u2062combination of factors including the ongoing\u2063 trade \u200btensions between\u200b the US and China. The\u2062 tech\u2063 war between the two countries, with Apple \u2064being caught in the middle, added to the unease.<\/p>\n<p>China&#8217;s reported ban on\u2064 the use of iPhones \u2064by central government employees caused panic among investors, leading to a significant drop in Apple&#8217;s stock price and a negative\u2063 impact on Wall Street indices. This ban coincided with the \u200dlaunch \u2064of new smartphones by Huawei, intensifying competition and further\u200d unsettling markets in Asia.<\/p>\n<p>However, there were \u2062signs of stabilization in the market towards\u200d the end of the week. \u2064Apple&#8217;s stock showed some stability in out-of-hours trading on Friday, and analysts from Morgan Stanley\u2064 suggested that the impact of the\u2063 iPhone bans on Apple&#8217;s revenues would be \u200dlimited to \u2063around 4%. \u2063This provided\u200b some reassurance to\u200b investors.<\/p>\n<p>Additionally, comments from top Federal Reserve policymakers hinted at a possible end to the central bank&#8217;s tightening campaign. Despite the latest employment data showing a tight labor \u2063market \u200cin the US, policymakers recognized that the interest rates\u200d might not need\u2064 to be raised further to maintain economic stability. New York Fed President John Williams \u2063stated\u200b that monetary policy is currently \u200cin a good place, suggesting that there may not be a need for more \u2063restrictive measures.<\/p>\n<p>Overall, while there have been concerns and fluctuations in the markets, recent developments indicate a slightly calmer outlook. News of\u200c easing trade tensions and potential pauses in monetary tightening have \u2062helped to alleviate some of \u2062the anxieties. However, it remains important for investors to \u2062stay vigilant and\u2064 closely \u200cmonitor market trends \u2063as geopolitical factors continue to impact global markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A preview of the day ahead in U.S. and global markets by Mike Dolan. Federal Reserve officials&#8217; reassuring statements eased the volatile start to September for world markets, which were further disrupted by geopolitical tech conflicts involving Apple. The stock of the world&#8217;s most valuable company has seen significant gains.<\/p>\n","protected":false},"author":66,"featured_media":2041387,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2041386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2041386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2041386"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2041386\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2041387"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2041386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2041386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2041386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}