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 ascend as NKorea seems to scale back on Guam threat
On Tuesday, Asian equities posted revenues in a light regional trading day, with North Korea apparently drifting away from its recent threats to fire ballistic missiles at the US territory of Guam.
The Nikkei 225 rallied 1.27%, the S&P/ASX 200 managed to jump 0.71%. As for South Korean markets, they were unavailable for a holiday.
The Shanghai Composite edged up 0.64%, the Hang Seng grew 0.29% in Hong Kong.
Overnight, Wall Street concluded higher because North Korea tensions relieved, thus raising demand for risker assets ahead of earnings from Home Depot as well as Wal-Mart due later this week.
Technology along with financial equities lead broad move higher in American stocks because market participants piled back into stocks, reacting to the previous week’s tumble, after US Defense Secretary Jim Mattis and also Secretary of State Rex Tillerson understated the overall risk of a war conflict on the Korean peninsula.
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 Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.