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.
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.