What will move the market on October 18-22?
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 move toward historic maximum
On Monday, Asian equities moved toward all-time maximum after Wall Street boasted its best opening to a new year in more a decade, with brisk economic surge as well as benign inflation driving risk appetites.
MSCI's index of Asia-Pacific stocks rallied 0.2%, having soared 3.1% the previous week, which is its strongest reading for six months.
The Philippines is already demonstrating a fresh record, Australian stocks showed another decade maximum. As for Japan's Nikkei, it closed for a holiday, although the previous week hit its highest value since 1992.
Additionally, E-Mini futures for the S&P 500 managed to rise 0.1%, while spreadbetters demonstrated opening revenues for Europe.
Wall Street has already faced its most productive start to 2018 for more than a decade, with the Dow gaining 2.3% the previous week. As for the S&P 500, it earned 2.6%, while the tech-heavy Nasdaq demonstrated a 3.4% rally.
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