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 leap as Wall Street regains ground
On Tuesday, Asian equities jumped after Wall Street managed to regain lost ground overnight amid quite subdued trade ahead of the Thanksgiving holiday.
Japan's benchmark Nikkei 225 rallied 1% being worth 22,488.38, while the Kospi in South Korea gained 0.1% trading at 2,530.64. In Hong Kong, the Hang Seng tacked on 0.9% trading at 29,522.24. In Australia, the S&P ASX 200 soared 0.3% hitting 5,962.00. Additionally, the Shanghai Composite index grew 0.7% showing an outcome of 3,414.57. As for Southeast Asian stocks, they turned to be mixed.
Ahead of the Thanksgiving holiday American trading has been light enough. The Standard & Poor's 500 index inched up 0.1% trading at 2,582.14. The Dow Jones industrial average ascended 0.3% hitting 23,430.33. The Nasdaq composite rallied 0.1% trading at 6,790.71. As for the Russell 2000 index of smaller-company equities, they added 0.7% boasting a reading of 1,503.40.
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.