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 futures point to Wall Street revenue
On Monday, American futures pointed to an upbeat opening bell notwithstanding political tension in Spain.
The S&P 500 futures gained 0.04%, Dow futures rallied 0.15%. As for tech heavy Nasdaq 100 futures, they leapt 0.09%.
The leading gainers before the morning bell included a bank HSBC Holdings PLC ADR that managed to earn 0.14% as well as a mining company AngloGold Ashanti Ltd that grew 4.23%. Additionally, Chinese e-commerce giant Alibaba jumped 0.14% right after it told it would start seven research and development centers in Russia, America, China, Israel and Singapore.
The American arm of Spanish bank Santander happened to be among the key losers in pre-market trades, losing 1.82% due to political uncertainty.
Besides this, Lloyds Banking Group slumped 0.56% because a case over the company’s HBOS takeover during the financial downtime will be in court this week.
France’s CAC 40 jumped 0.15%, Germany’s DAX added 0.17%, while London’s FTSE 100 gained 0.11%. As for the pan-European Euro Stoxx 50, it decreased 0.03%.
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