The Week Ahead: September 28, 2015

September 28th, 2015 by

Here’s a quick rundown of stories to keep an eye on this week:

catalonia

  • Catalonia, an important region in the northeast of Spain near the French border that includes Barcelona, is seeking to become independent, or at least autonomous, from the rest of the country. The pro-independence party received less than 50% of votes in a regional election, though they will hold a narrow majority of seats in the Catalan assembly. Spain holds national elections in about 3 months.

 

  • Second-quarter GDP was revised upward to 3.9%, the second time the measure has been revised higher.
  • Consumer spending rises 0.4% during August, beating analysts’ expectations.
  • Wednesday, September 30th is the quarterly options expiry for stocks, when more volatility in trading is typically expected.

apple-inc-508812_640

  • In its weekend debut, Apple’s (NASDAQ:AAPL) new iPhone sells 13 million units worldwide.
  • Major copper miner Glencore Plc (LON:GLEN) has seen its stock price tumble 40% in two weeks, with shares falling as much as 27% in today’s trading session in London.
  • Royal Dutch Shell (NYSE, LON:RDSA) abandons its exploration of Alaska and the surrounding arctic region for the foreseeable future.
  • Swiss regulators are looking into manipulation of the gold trade by major banks.
  • Billionaire investor Carl Icahn backs Donald Trump for president. Trump has previously remarked that, if elected, he would ask Icahn to serve in his cabinet.
  • The small but wealthy Arabian peninsula nation Qatar plans to invest $35 billion in the United States over the next 5 years.