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 on American tax cut expectations
On Monday, Asian equities added, with market sentiment underpinned by hopes that American lawmakers are going to approve a long-awaited tax bill this week. Meanwhile Chinese shares were weak, following worries as for liquidity as well as tighter regulations in the world's number two economy.
The launch of bitcoin futures on the CME exchange drove hopes that the cryptocurrency's red-hot soar in the cash market could keep unrolling, although their trading debut turned to be modest.
MSCI's index of Asia-Pacific equities MIAPJ0000PUS edged up 0.4%. As for Japan's Nikkei N225, it happened to be the best performer of the region, tacking on 1.6% to approach a 25-year high of 23,382 points reached the previous month.
Meanwhile, American and EU equities are also believed to have a firm start. The near-month FTSE futures contract along with the e-mini S&P futures each gained 0.2%. Aside from that Dow futures headed north 0.4%.
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 Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).