Apple WWDC23 will start at the top of the clock.
Since the Apple Watch, Apple is preparing to present its most innovative hardware product in years at its Worldwide Developers Conference. The company is expected to launch a “mixed reality” headset that combines augmented reality and virtual reality technologies.
Apple CEO Tim Cook has long championed the potential of augmented reality to enhance communication and collaboration. However, headphone success is not guaranteed as previous attempts by tech companies to popularize headphones have struggled to gain mass acceptance, and the market remains relatively niche.
The conference will also include a range of announcements, including software updates for devices such as the iPhone and Apple Watch. The company may also hint at plans to integrate more artificial intelligence across its products and services.
How can you stay away?
Meanwhile, on the markets:
US yields are moving back towards the middle of the trading range. The US session started today with higher returns, then reversed lower after the week ISM Non-Manufacturing data was expected. Returns are now back near the middle of the ranges.
- The two-year yield is 4.499% -0.4 basis points
- 5 years 3.845% +0.4 basis points
- The 10-year yield is 3.696% +0.3 basis points
- 30 years 3.887% +0.5 basis points
In the US stock market, NASDAQ stocks or higher, the S&P is also higher but the Dow is trading lower:
- Dow Industrial Average -0.18%
- S&P +0.29%
- NASDAQ +0.56%
in other markets
- Crude oil is higher but far from its highest levels after Saudi Arabia said it would cut production in several months. Oil is currently trading at $72.85. The highest price was $75.06. The low price fell to $72.02
- Spot gold rose $11.18, or 0.57%, to $1,958.50. The price reacts to the decline of the dollar.
- Silver is trading down $0.07 at $23.54
- Bitcoin is now trading at $25,795 after hitting an intraday low of $25,483. This took the price below the May low of $25,790. Next target comes at the midpoint of 50% of the move up from the March low of $25,302.
In forex, the Swiss Franc is the strongest of the major currencies, while the British Pound is the weakest. US dollar mixed.
