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 futures are mixed in the face of trade war worries
On Thursday, American equities were mixed because market participants were still anticipating a potential trade conflict.
The S&P 500 futures went up 0.02% hitting 2,754.50, Dow futures grasped no more 0.10% reaching 24,814.0. At the same time tech heavy Nasdaq 100 futures headed south 0.05% demonstrating an outcome of 7,054.50.
Trade war worries have generally resurfaced among market participants. It’s due to the fact that Donald Trump actually considered putting duties on Chinese imports.
The news showed up a week after Trump had rolled out abrupt duties on such metals as aluminum and steel. However, Mexico and Canada turn to be exempt because the administration considers negotiating a trade pact. Obviously, more duties could drive worries of a global trade conflict and also put pressure on investor appetite for risky assets.
In addition to this, China’s e-commerce giant Alibaba happened to be among the greatest performers in pre-market trade, tacking on 0.23%. At the same time semiconductor Micron Technology Inc climbed up 0.20%, while Cheetah Mobile ascended 3.94%.
British American Tobacco went down 0.12%, while ING Group NV ADR showed an outcome of 0.11%.
The Empire State manufacturing poll, Philly fed survey along with import prices are expected to show up at 8:30 AM ET.
In the European Union equities mostly tacked on. In Germany the DAX acquired 0.24%, while France’s CAC 40 inched up 0.29%. The FTSE 100 gained 0.17% in London. The Euro Stoxx 50 managed to acquire 0.22%, Spain’s IBEX 35 dived 0.41%.
As for commodities, gold futures demonstrated a 0.20% dive hitting $1,323.00 a troy ounce. Secondly, crude futures inched up 0.02% being worth $60.97 a barrel. Rating the greenback’s market value against a bunch of six major currencies, the US dollar index soared 0.04% being worth 89.79.
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.