Apple has unveiled the Apple Vision Pro, a highly anticipated mixed reality headset priced at $3,499 and slated for an early release next year. The device boasts 4K displays, infrared cameras, LED illuminators, the M2 and R1 chips, and offers both mixed-reality and virtual-reality modes for an immersive experience. With features like eye and gesture tracking, along with voice input, users can interact naturally with the content. This move by Apple is expected to establish a new trend in the mixed reality market and validate its growing significance.
Wall Street was uncertain, as it slightly declined due to external factors. The market was euphoric about Apple's new mixed-reality headset, but it faded quickly. Despite some positive movements in big tech stocks like Alphabet, Amazon, and Microsoft, energy stocks struggled to maintain gains due to concerns about the demand outlook in the face of production cuts by Saudi Arabia and other OPEC+ countries.
Gold prices steadied on Tuesday after recovering from a two-month low, supported by weak U.S. service sector data that weighed on the dollar. However, the gold market remained rangebound as traders awaited the Federal Reserve's interest rate decision, with uncertainty over whether rates would be hiked or held.
Oil prices dipped slightly on Tuesday due to slowing global manufacturing, despite Saudi Arabia's announcement of a significant output cut. Market analysts remain cautious, observing factors such as the U.S. Federal Reserve's interest rate decision and China's trade data to determine the impact on oil demand.
The U.S. dollar weakened against the Australian dollar after the Reserve Bank of Australia raised interest rates to combat high inflation. The dollar index fell ahead of the Federal Reserve's upcoming interest rate decision. The European Central Bank is likely to raise rates further, while China's economic rebound is extensively monitored through key inflation and trade data.