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 mostly inch up with Tokyo down despite firm Q2 GDP
On Monday, Asian equities mostly grew, with Tokyo bucking the trend because regional data sets were quite mixed including a sudden gain during the second quarter Japan GDP. However, China posted weaker than expected industrial output as well as and retail sales.
In Japan, the Nikkei 225 declined 0.84%, South Korea's Kospi added 0.63%. The Shanghai Composite leapt 0.39% in China. Additionally, the Hang Seng demonstrated a solid 1.16% soar in Hong Kong. The S&P/ASX 200 edged up 0.72%.
China’s fixed-asset investment rallied 8.3%, versus July’s 8.6% surge.
Japan's second quarter demonstrated a 4% soar on year because investment in plant as well as equipment raised market sentiment for the sixth straight quarter of expansion.
The figure surpassed a 2.5% revenue expected on year. The quarter pace at 1.0 exceeded the 0.6% observed. Japan’s second quarter GDP was supposed to rally a provisional 2.5% on year as well as at a 0.6% tempo on quarter.
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.