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 head south notwithstanding upbeat September
On Friday, Wall Street futures pointed to a low start with mixed signs, although US equities were on track for monthly revenues in what has turned to be the least volatile September ever.
The blue-chip Dow futures soared 0.06%, the S&P 500 futures sank 0.05%, and the tech-heavy Nasdaq 100 futures leapt 0.14%.
Notwithstanding the signal from futures for Friday’s weak start, Wall Street was on track for some sturdy monthly revenues on the last trading day of September.
On Thursday, the Dow had soared approximately 2% this month. The S&P 500 gained 1.6%, the Nasdaq boasted a 0.4% gain for the month.
For Friday’s trading session, market participants are going to focus on personal income as well as spending data, not to mention the core PCE deflator, which is the Fed’s preferred inflation indicator.
American crude futures were intact sticking to $51.56, while Brent crude futures sank 0.23% trading at $57.03.
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.