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 go down because North Korea considers H-bomb test
On Friday, Asian stocks went down and the Japanese yen along with Swiss franc rallied on the mooted probability of North Korea conducting another hydrogen bomb test. Most probably, the test will occur in the Pacific Ocean.
As North Korean Foreign Minister Ri Yong Ho informed on Friday the isolated regime could conduct another nuclear test in the Pacific Ocean.
MSCI's index of Asia-Pacific equities handed back earlier revenues and slumped 0.4% having dived 0.7% yesterday.
On Tuesday, the index had ascended to a decade maximum because Wall Street rose to record levels having fallen back after the major US bank heightened hopes for a third interest rate lift in 2017.
Besides this, Japan's Nikkei N225 decreased 0.2%, Australian equities AXJO rallied 0.2%. As for South Korea's KOSPI KS11, the benchmark inched down 0.5% on the fresh bout of geopolitical tensions.
The greenback dived 0.3% hitting 112.140 yen.
The Swiss franc edged up 0.2% being worth 0.9687 franc per greenback.
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.