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 reach 10-year maximum
On Tuesday, Asian stocks tacked on to their highest value in a decade, while crude gave up some of its revenues, having previously leapt to a more than two-year maximum following an anti-corruption purge by Saudi Arabia's crown prince.
MSCI's index of Asia-Pacific equities MIAPJ0000PUS managed to extend early profits, soaring 0.8% to its loftiest high since November 2007. Apparently, the index received a pushed higher after all three key American indexes concluded at record peaks overnight.
Japan's Nikkei N225 suddenly reversed early dips and rallied 1.1% to almost 26-year maximums.
Australia's S&P/ASX 200 index inched up 0.8%, demonstrating the best outcome since February 2008, underpinned by firm commodities prices.
In Saudi Arabia Mohammed bin Salman's clampdown on graft generated a series of arrests of ministers and investors, royalty and even well-known billionaire investor Alwaleed bin Talal.
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.