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 shares inch up ahead of jobs data
On Friday, Wall Street futures pointed to a moderately higher start because traders looked ahead to the issue of the monthly employment report, while crude declined more than 2% on worries of soaring American shale crude output.
The blue-chip Dow futures managed to acquire up to 0.38%, the S&P 500 futures grew 0.27% and the tech-heavy Nasdaq 100 futures ascended 0.36%.
On Friday, the US Labor Department is expected to issue its monthly nonfarm payrolls report, and experts are assured that the outcomes will set a rate lift by the Fed at the gathering on June 14 in stone.
According to the consensus forecast, the data will demonstrate jobs surge of 185,000 in May, following a soar of 211,000 last month, while the unemployment rate is expected to stand still at 4.4%, its lowest value since 2007.
Average hourly earnings are supposed to ascend 0.2% from April, having earned 0.3% last month, while the annualized rate is estimated to leap to 2.6%, compared to the previous outcome of 2.5%.
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.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.