What will move the market on October 18-22?
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 stocks edge down on Fed minutes
On Thursday, most Asian stock markets went down following minutes from the Fed’s last meeting, which revealed a lack of consensus on the future pace of American interest rate hikes, while crude prices tacked on following yesterday’s steep dip.
Outside Japan MSCI's broadest index of Asia-Pacific shares headed south 0.2%. Japan's Nikkei went down 0.3% as a stronger yen affected the outlook for export earnings.
South Korea's KOSPI decreased 0.2%, while Australian stocks slumped 0.3%.
Meanwhile, China's blue chip CSI 300 index showed a 0.2% sink, while Hong Kong's Hang Seng lost 0.1%.
This week trading in Asia has been impacted by tensions on the Korean peninsula. North Korea dared to fire a missile. As US officials state, it happened to be an intercontinental ballistic missile. It fell into Japanese waters.
On Wednesday, the United States told it was ready to employ force if required to stop North Korea's nuclear missile program, though added it preferred global diplomatic action versus Pyongyang.
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