When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
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.
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?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
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.
Every week we expect many interesting events that can shake the market.