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 edge up ahead of holiday weekend
On Friday, Asia-Pacific equities mostly ascended in thin preholiday trade, reacting to an overnight rebound in EU shares as well as mild profits on Wall Street.
In South Korea, Kospi gained 0.2%, Samsung Electronics rallied 0.8%. In Japan, the Nikkei NIK concluded morning trade down 6 points showing an outcome of 22,860.
The currency pair BTC/USD, dived in morning trade, descending to $13,200 from $15,800 in three hours before rapidly rebounding above $14,000. A great number of the biggest cryptocurrencies also went down considerably, with bitcoin cash diving 27% for the last day.
The common currency headed south in Asia trade after Catalonia’s separatist parties managed to win a majority in the regional assembly. The euro dived to $1.1815, although it has already rebounded to $1.1850.
Crude pulled back after fresh Thursday’s revenues. Both the global and American oil benchmarks descended 0.3%.
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Latest news
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.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
