
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?
On Tuesday, Asian equities headed south in the face of strengthening trade tensions as well as concerns as for the worsening outlook for global tech giants. However, market participants paid attention to prospects of stronger world surge.
MSCI's index of Asia-Pacific equities demonstrated a 0.4% dive, versus losses of over 2% on each of the three American indices overnight.
The major American currency managed to stabilize versus the safe haven Japanese yen having dived for three straight days, while gold, often considered to be a universal store of value in times of political as well as financial uncertainty, headed south.
American Treasuries faced a bit of selling as well, with revenues on 10-year notes rebounding from two-month minimums.
Besides this, E-Mini futures for the S&P 500 tacked on 0.4%, while Dow futures rallied 0.2%.
Nikkei slumped 0.9% in Japan, having dived 1.6% at the start. Besides this, the Shanghai Composite index tumbled 0.4% in China, while the blue-chip CSI300 lost 0.7%.
On Monday, technology equities were heavily affected after Donald Trump had Amazon.com strictly criticized over the pricing of its deliveries across America.
So called FANG equities, including Google, Amazon, , Netflix and Facebook have been solely responsible for a multi-year uptrend in equities worldwide. However, the threat of government regulation has drastically spurred concerns as for their outlook.
As a matter of fact, China's so-called tit-for-tat duties painfully affected the major US currency. However, on Tuesday it faced some buying in early Asia trade to conclude at 105.88 yen, sliding from a three-week maximum of 107.01.
In addition to this, the US dollar index turned to be a bit softer versus a pack of leading currencies.
On Monday, crude prices ascended having dived over 3.7%. However, surging Russian output along with the strengthening US-China trade dispute were still putting pressure.
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?
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 US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
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.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.