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?
Asian equities are underpinned by metals and crude
On Wednesday, a surge in commodities prices to multi-year maximums pushed resource-linked equities as well as currencies higher in Asia because bullish views on Chinese demand backed copper, while supply worries underpinned crude.
A revival in regional suppliers of Apple's iPhone following previous losses in the week also assisted Asian markets.
In a holiday-shortened week trading turned to be thin enough across the board. Apparently, MSCI's broadest index of Asia-Pacific equities outside Japan tacked on 0.2% hitting its highest value since late November. The index has soared approximately 32% for the year so far.
An indicator of world equities traded close to record maximums, having soared in every single month in 2017.
Copper jumped to a 3-1/2 year high on hopes of firm demand from China. At the same time crude hovered near its highest value since mid-2015 reacting to supply concerns.
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