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 tack on ahead of jobs data
On Friday, American futures pointed to a higher starting bell because traders were waiting for the nonfarm payrolls data.
The S&P 500 futures rallied 0.28%, Dow futures added 0.32%. As for tech heavy Nasdaq 100 futures, they inched up 0.37%.
Market participants are waiting for firm jobs data from the US Labor Department that is going to have its December nonfarm payrolls report published at 8:30, Friday. The consensus estimate is that the data will demonstrate jobs surge of 190,000, following November’s soar of 228,000. As for the unemployment rate, it’s expected to stay intact at 4.1%. Additionally, average hourly earnings are supposed to edged up 0.3% after a leap of 0.2% the previous month.
Car maker Fiat happened to be among the key performers in pre-market trading, gaining 2.86%. Networking hardware company Cisco Systems tacked on 1.95%, General Electric surged 1.24%, software company NQ Mobile rallied 5.65%.
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 Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
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.