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.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.