Other news

The market witnessed the S&P 500 index fall on Thursday. Its respite the day before was short-lived. The reason was an Apple shares drop, caused by concerns about falling consumer demand that led to a sell-off.

On Friday, Japanese Prime Minister Fumio Kishida instructed the government to prepare an economic stimulus package by the end of October to help minimise the impact of inflation, as economists warn against excessive spending.

One of the Bank of America’s analysts has downgraded the Apple stock from “Buy” to “Neutral”. The analyst explains his decision by the fact that the company’s great performance is at risk again. Also, he outlines that the Apple’s “significant growth since the beginning of the year” is caused by its so-called “safe haven” status as a reliable option for investment.

Walt Disney Co will reopen their theme park and Disney Springs entertainment complex in Florida.

On Tuesday, the Reserve Bank of Australia (RBA) will raise interest rates by half a percentage point. The rate hike will come as part of the most aggressive tightening cycle since the 1990s to curb inflation, according to a Reuters poll.

The Bank of England is buying bonds to stabilize financial markets. Subsequently, the pound sterling rose in volatile trading.

Alphabet Inc. owns Alphabet Google, which announced on Thursday that it will create its first cloud space in Greece.

On Thursday, ECB officials spoke out in favor of another major interest rate hike. It was caused by inflation in the euro zone's largest economy hitting double digits and exceeding expectations. This may signal that the inflation rate in the euro zone will reach a new record high.

Nike Inc said gross margins will be under pressure throughout the year. One of the largest manufacturers of sportswear and footwear warned its customers about this, referring to the expectation of a possible blow due to increased markdowns and a rapid strengthening of the dollar, joining its competitors in this.

A series of measures for the property market has recently been announced by the Government of Singapore. New measures were partially taken to respond to an increase of interest rates. In particular, tightening lending limits for housing loans is part of the response. There are also further steps of suppressing demand among the new measures adopted for the property market.