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 dive as weakness in China markets affects mood
On Monday, Asian stocks declined, with market sentiment affected by a retreat on Wall Street as well as dipping Chinese shares, while the common currency skidded after German coalition negotiations hit an impasse.
MSCI's index of Asia-Pacific equities extended losses and slumped 0.2%.
Australian stocks headed south 0.1%, Japan's Nikkei stock average N225 lost 0.6%.
China shares dived abruptly after Beijing set sweeping fresh guidelines for the purpose of regulating asset management products. Market experts told that it could affect investor appetite for risky assets.
The Shanghai Composite index inched down 0.8%, China's blue-chip CSI300 Index declined 0.7%.
On Friday, the Dow Jones Industrial Average lost 0.4%. Additionally, S&P 500 decreased 0.3% and the Nasdaq Composite headed south 0.2%.
Versus the Japanese yen, the evergreen buck stood still sticking to 112.01, having dropped to 111.89, which is its lowest reading since October 16.
Similar
What to expect from Microsoft event?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Apple event surprised traders
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.
Latest news
Will New Zealand’s Central Bank Boost the NZD?
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.
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
