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 stock futures go down with data
On Thursday, Wall Street futures descended because market participants looked ahead to data on the American labor market and kept watching over price volatility in crude.
The blue-chip Dow futures decreased 0.05%, the S&P 500 futures went down 0.06%. Meanwhile, the tech-heavy Nasdaq 100 futures sank 0.05%.
The US Department of Labor is going to publish weekly jobless claims that will be Thursday’s key economic report.
Market participants will also evaluate real estate market strength with the issue of April’s house price index.
Traders were still skeptical as for the Fed’s prediction that it will raise rates once more in 2017.
On Thursday, the major American currency kept demonstrating muted trade versus key rivals.
Meanwhile, crude prices kept staying under watch with prices soaring in early morning New York trade because crude tried to regain lost territory.
European stock markets have been dipping for a third straight day.
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.