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 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.
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.