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 stocks futures ascend after centrist takes first round in French election
On Sunday, American stock index futures rallied steeply on relief that centrist Emmanuel Macron managed to take the first round of voting in the French presidential election, thus minimizing the prospect of an anti-establishment market shock.
During a May 7 runoff Macron is going to face far-right counterpart Marine Le Pen and opinion surveys on Sunday ensured him an easy victory in the final clash.
Defeated socialist Prime Minister Bernard Cazeneuve, socialist candidate Benoit Hamon as well as defeated right-wing candidate Francois Fillon all urged French voters to back Macron during the second round. The financial markets had also been nervous of the likelihood that far-left participant Jean-Luc Melenchon might make the run-off.
Sunday's steep moves definitely point to an unwinding of bets taken for the last few days as market participants turned defensive ahead of the highly anticipated vote.
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.