G20 Kicks Off and Apple Drops Lower
Fiona Cincotta June 28, 2019 11:55 AM
Traders are looking optimistically towards Trump & Xi Jinping’s bilateral meeting at the G20.
Traders are looking optimistically towards Trump & Xi Jinping’s bilateral meeting at the G20. The meeting will take place on Saturday morning local time, traders will react as the markets open on Sunday evening.
Apple dives 1%
Whilst the broader US market moves higher Apple is slipping lower in early trade on news that Apple’s chief design officer will be leaving and is not being replaced. Jony Ive, who achieved almost god like status as the man responsible for the iPhone, iPad and iMac is leaving after nearly 30 years at the firm. The fact that Apple won’t be replacing Jony Ive and instead will have vice President of Industrial design and Vice President of human interface design reporting into an operations exec with no background in design is more than a little concerning. This goes against Apple’s design led ethos and could spell the end of an era for Apple. Its unlikely investors will let this one just slip by, even if it is the day before the Trump Xi Jinping meeting.
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