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 because risk worries surge
On Wednesday, Asian equities declined because geopolitical risks edged up, while financial markets took a fresh cue from Wall Street.
Japan's Nikkei 225 slumped 1.44%, Australia's S&P/ASX 200 lost 0.36%.
As Australia reported, its third quarter GDP gained 0.6% versus a 0.7% jump observed on quarter.
Equities of Rio Tinto edged down 1.88%. Additionally, Fortescue Metal slumped 0.54%, BHP decreased 1.68%. As for junior miners, they dived with South32 shares losing 3.11%.
The Shanghai Composite edged down 0.60%, the Hang Seng index dived 0.98%,
Meanwhile, Bitcoin kept climbing in Asia, hitting $12,205.46.
Overnight, the S&P 500 headed south 0.4%t being worth 2,629.57. As for the Dow Jones industrial average, it concluded 109.41 points lower demonstrating a reading of 24,180.64.
The Nasdaq composite managed to erase earlier revenues, diving 0.2% and reaching 6,762.21. Besides this, the index also demonstrated a three-day losing marathon.
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.