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 up
On Wednesday, Asian stocks rallied following upbeat regional mood and Wall Street finish.
Japan's Nikkei 225 edged up 0.78%, Australia's S&P/ASX 200 inched up 0.54%.
Additionally, three of Australia’s so-called Big Four financial institutions traded lower. Stocks of ANZ went down 0.32%, Westpac lost 0.34%, the National Australia Bank dived 0.23%, but Commonwealth Bank stocks headed north 0.41%.
The Shanghai Composite climbed 0.50%, the Hang Seng index added 0.85%.
Financial markets were waiting for Fed gathering later in the day for more clues on the interest rate path next year.
With Fed minutes from the November gathering due, market experts don’t expect anything in the comments to dissuade investors from assigning a high probability of a December rate lift.
Overnight, the S&P 500 managed to soar 0.7% to conclude at 2,599.03, which is an all-time maximum. Besides this, the index also rallied above 2,600 for the first time during the trading session.
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.