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 head south on high bond yields
On Wednesday, Asian equities pulled further back from record maximums because the recent ascend in global bond yields put pressure on equities. At the same time the evergreen buck was intact ahead of the Fed’s policy verdict.
MSCI's index of Asia-Pacific equities contributed to yesterday’s losses and dived 0.2% having hit a record maximum on Monday.
Besides this KOSPI acquired 0.3% in South Korea, while Japan's Nikkei sank 0.1%.
The Hang Seng lost 0.55% in Hong Kong, while Shanghai dipped 0.6%.
Wall Street that has recently reached a series of striking maximums, has led a global equities winning marathon for the last year due to firm world surge powering higher corporate earnings as well as stock valuations.
However, the recent ascend in American long-term bond revenues to four-year peaks have poured cold water on the soar.
American equities dived for a second straight day, with the Dow reporting its biggest two-day decline since September 2016, suppressed by healthcare shares and gaining bond yields.
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.