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 edge down after tech shares dip on Wall Street
On Tuesday, Asian equities slid a bit following a lackluster trading session on Wall Street where technology shares went down.
Japan’s Nikkei 225 index dived 0.3% because the Japanese yen rallied versus the greenback. Market participants are closely watching the US tax legislation as well as Brexit talks.
Aside from that the Kospi soared 0.2% in South Korea trading at 2,507.44, the Shanghai Composite index lost 0.2% demonstrating an outcome of 3,303.05. Stocks in Southeast Asia mostly gained, Taiwan decreased. In Australia the S&P ASX 200 sank 0.2% reaching 5,971.80.
Meanwhile, on Wall Street telecom equities, financial institutions as well as other sectors, standing to benefit the most from the government’s drive to cut corporate tax rates, rallied, although technology shares dived, giving up a chunk of the revenues, which made them the best-performing part of the market by far in 2017.
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 United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
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.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.