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 decline on regional data
On Thursday, Asian equities drifted weaker in cautious trade after poor regional data and also a look ahead to nonfarm payroll reports from America at the end of the week.
Japan's Nikkei 225 lost 0.33%. The S&P/ASX 200 went down 0.33% in Australia because the trade balance sank.
In Hong Kong the Hang Seng Index lost 0.48%, and the Shanghai Composite decreased 0.01%.
Overnight, the ascend in the Dow demonstrated no sign of ending, concluding at a record peak on Thursday, driven by a leap in equities of Apple after on Wednesday the tech giant reported better-than-expected earnings for the quarter.
Equities of Apple Inc grew more than 4%, backing a leap in the Dow to a record 22,000, right after the tech giant reported earnings beating on both the bottom and top lines, deriving benefits from firm iPhone sales.
The Dow Jones Industrial Average concluded higher sticking to 22,014. The S&P 500 ascended 0.05%, while the Nasdaq Composite didn’t change being worth 6362.65.
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.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
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.