What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
American equities point to higher starting bell
On Monday, American futures ascended because the Senate gears up for a probable vote on tax-reform bill this week.
The S&P 500 futures tacked on 0.08%, Dow futures inched up 0.10%. At the same time high tech heavy Nasdaq 100 futures managed to gain 0.09%.
Chinese microlender Qudian Inc turned to be among the leading gainers before the morning bell – the benchmark jumped 3.85% having dropped more than 16% on Friday. Additionally, pharmaceutical company Teva Pharma Industries Ltd ADR added 0.58%, patent company Marathon Patent Group Inc headed north 88.91%, investment company US Global Investors Inc inched up 30.75%.
In addition to this, car maker Fiat Chrysler Automobiles NV declined 0.17%. Meanwhile, laboratory equipment maker Micron Technology Inc tumbled 2.58%, Western Digital data company sank 2.76%.
Germany’s DAX added 0.20%, France’s CAC 40 gained 0.22%, while London’s FTSE 100 grew 0.33%.
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Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
