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 rebound as commodities dive
On Wednesday, Asian stocks rebounded from a record maximum because the region's resource stocks were affected by descending crude as well as commodity prices, digital currencies headed south on concerns about tighter regulations.
European equities were believed to go down, with futures braced for a 0.3% dive in Germany's Dax. France’s Cac was set to lose 0.4%, while Britain's FTSE was expected to descend 0.2%.
MSCI's index of Asia-Pacific equities rebounded 0.3% from its record maximum because resource stocks went down after crude as well as other commodities couldn’t resist profit-taking after recent revenues.
Japan's Nikkei N225 dived 0.4% from its 26-year high hit yesterday.
As for Wall Street, it paused its soar, affected by a 1.2% dip in energy stocks and also weakness in General Electric. Additionally, the US conglomerate increased the likelihood of breaking itself up and also unveiled more than $11 billion in charges from the long-term care insurance portfolio and fresh American tax laws.
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