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?
Asian equities are mixed
On Wednesday, Asian stocks showed mixed performance in light regional trade.
The Nikkei 225 rallied 0.28%, the S&P/ASX 200 went down 0.79%. Financial markets in South Korea, Japan and China were unavailable for holidays.
Overnight, the soar in US equities continued for a second-straight day after reports showed key car maker beat American new car sales in September.
The Dow Jones Industrial Average concluded higher hitting 22641.67. Additionally, the S&P 500 grew 0.22%, while the Nasdaq Composite ended the session with the outcome of 6531.71, gaining 0.23%.
Equities f General Motors, Fiat Chrysler and Ford concluded higher as the trio topped hopes for new car sales in September.
In addition to this, stocks of Tesla Inc also went up 2% after Tesla reported it delivered up to 26,150 cars during the third quarter, which is up 4.5% versus the same time in 2016.
Traders neglected comments from the car maker’s detractors who told that upside in the stock is actually restricted by Tesla’s inability to increase Model 3 production.
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 US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
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.