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 index futures go up as crude struggles to recover
On Friday, American stock index futures tacked on because crude was still on course for its fifth week of drops in a row.
The Dow futures managed to gain 0.03%, while the DJI edged down 0.06% overnight.
Meanwhile, the S&P 500 futures inched up 0.14%. As for the tech-heavy Nasdaq 100 futures, they jumped 0.18%.
Crude tried to recover, having hit 10-month minimums.
The dollar index went down, while holding onto the 97 mark.
Due out later in the session new home sales are supposed to have ascended in May.
Some Fed members are expected to deliver speeches later in the session, including Mester and Bullard.
Healthcare shares could were still in limelight because Republican Senators disclosed their plan to substitute Obamacare. Donald Trump supported the bill, although some conservative senators told they couldn’t back this stuff in the current form.
Financial institutions are going to be in focus, having passed stress tests, which justified shareholder payment plans.
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 United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.