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 ahead of American data
On Friday, Asian equities soared to a 10-year maximum due to expectations of brisk global surge, although market participants held off chasing stocks higher ahead of American economic data as well as next week's Chinese Communist Party Congress.
MSCI's broadest index of Asia-Pacific stocks outside Japan gained 0.15%, having soared 3.6% so far in October. Japan's Nikkei grew 0.2% hitting another 21-year maximum.
On Thursday, Wall Street equities sank a bit, suppressed by a dip in AT&T right after the telecoms company posted subscriber losses in its cable TV business.
However, MSCI's broadest indicator of the world stock exchanges gauging up to 47 markets also stood kept to record maximums, extending its revenues so far in 2017 to 17%.
China's trade data demonstrated that in September surge in both imports and exports speeded up, with imports surpassing hopes, contributing to the evidence of recent resilience in the Chinese economy.
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 Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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.