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?
Asia equities are intact on strong American data
On Thursday, Asian stocks didn’t change, taking their cue from firm American data, although many financial markets didn’t manage to build on early revenues in holiday-thinned trade and because of uncertainty as for the impact of recent hurricanes on the American economy.
Japan's Nikkei N225 as well as Australian equities both concluded flat.
MSCI's index stood still too, with South Korea, Hong Kong and mainland China unavailable for public holidays.
European equities were supposed to be intact to moderately weaker, with Germany's Dax futures sliding 0.2%, while France's Cac futures along with Britain's FTSE futures didn’t change.
On Wednesday, Wall Street's three key stock indexes reached fresh maximums.
American bond yields were off their minimums because bond prices sagged, although yields were held below multi-month maximums reached earlier in 2017.
Spain's IBEX stock index reported its worst single-day tumble for 15 months. On Wednesday, it lost 2.85%.
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.