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 decade-maximum on global equity leap
On Thursday, Asian stocks approached a decade maximum, riding the bull run in equity markets worldwide. Meanwhile, the evergreen buck tumbled after the Fed demonstrated rather a guarded view towards inflation.
MSCI's index of Asia-Pacific equities rallied to its highest value since December 2007. Last the benchmark acquired 0.2%.
As for Japan's Nikkei, it gained 0.5% having brushed 20,980.92, its highest outcome since December 1996. Meanwhile, South Korea's KOSPI inched up 0.2%, thus marking a fresh record maximum. Additionally, Hong Kong's Hang Seng managed to scale a decade-peak before slumping 0.05%.
This week broader investor risk sentiment has risen after Catalonia dialed back its ambitious plans to break up with Spain. As a result, MSCI's 47-country world stocks index demonstrated a record maximum.
The common currency gained 0.1% hitting $1.1869, showing its highest value since September 25.
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.