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 sink 130 points
On Wednesday, American futures pointed to a steeply lower start, with a slide in crude prices as well as uncertainty as for the state of US tax reforms dampening risk sentiment because market participants geared up for more data and also earnings.
The blue-chip Dow futures lost 130 points, the S&P 500 futures declined 14 points, while the tech-heavy Nasdaq 100 futures headed south 32 points.
On Tuesday, all three key American stock indexes concluded lower because General Electric dived for a second straight day.
Weak crude prices affected investor appetite for riskier assets. Crude prices declined 1%, thus extending Tuesday's steep dips, amid rumors weekly supply data due later in the day will demonstrate a large jump in American crude inventories.
Additionally, the US Energy Information Administration is expected to publish its official weekly crude supplies data for the week by November 10.
Financial experts expect consumer prices to tack on 0.1%. Core inflation is believed to add 0.2%.
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 UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.