When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Asian equities start data-heavy week with revenues
On Monday, Asian equities turned positive, shrugging off a fresh North Korean missile test, and market participants shifted their focus to a bunch of economic reports as well as earnings this week. Meanwhile, the greenback crept up, though it was still capped by American political concerns.
European equities are braced for a muted start, with financial spreadbetter CMC Markets actually expecting the UK’s FTSE 100, France's CAC 40 and Germany's DAX to all start nearly intact.
Outside Japan MSCI's broadest index of Asia-Pacific stocks reversed early losses to inch up 0.25%.
Chinese equities ascended, underpinned by several leading companies' predictions for firm mid-year profits. The blue-chip index along with the Shanghai Composite both headed north 0.6%. In Hong Kong, the Hang Seng grew 1% hitting a two-year maximum.
That solid performance came notwithstanding a dip in official China’s manufacturing and services purchasing managers' indices for July. However, they fluctuated above the 50-point level, separating contraction from surge on a monthly basis.
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?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.