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 rise taking cue from Apple and regional data
On Wednesday, Asian markets mostly rose, with market sentiment influenced by Apple earnings.
Japan's Nikkei 225 gained 0.35%. Meanwhile, Australia’s S&P/ASX 200 stood still, with moderate revenues in the industrials sub-index compensated by a steeper dips in the energy as well as materials sub-indexes.
In Hong Kong the Hang Seng Index soared 0.57%, the Shanghai Composite leapt 0.13%.
Equities in the world's most valuable company inched up 6% after hours, reaching a record of more than $159. It definitely helped to take the company’s market capitalization to more than $830 billion.
Besides this, Australia posted that June’s building approvals headed north 10.9%, supplanting a 1.5% revenue observed month-on-month.
Overnight, Wall Street concluded at record maximums for the second day in a row, neglecting dismal economic data because market participants paid attention to gains from tech-heavyweight Apple Inc due after markets close.
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.