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 tack on
On Monday, Asian equities leapt, taking their cue from Wall Street. Meanwhile the US currency moderated, though retained most of its profits after stronger-than-expected July job data.
European markets are braced for extending the global surge, with financial spreadbetter CMC Markets supposing Britain's FTSE to start 0.3% higher, while Germany's DAX and France's CAC 40 are expected to start the trading day 0.2% higher.
MSCI's broadest index of Asia-Pacific equities outside Japan headed north 0.6%.
It helped to raise the MSCI World index 0.2% to an all-time maximum.
Besides this Nikkei gained 0.6% in Japan.
However, Chinese blue chips reported only moderate revenues, with market participants reluctant to stake out new positions ahead of a storm of July data.
On Monday, the evergreen buck lost, reacting to a firm ascend on Friday after data disclosed that the previous month American nonfarm payrolls edged up by 209,000 jobs, and June's employment profit was revised upwards.
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Latest news
Post-Fed Releases for USD & CAD Traders
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
FED and BOE Make Another Attempt to Beat Inflation
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.
Will the UK and US Cope with Inflation?
Every week we expect many interesting events that can shake the market.
