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 markets mostly ascend
On Monday, Asian equities mostly soared in Asia, with market participants upbeat on American returns so far in 2018, even considering they take a breather with financial markets in the USA unavailable for the martin Luther King holiday.
The Nikkei 225 rallied 0.31% in Japan. SoftBank Group tacked on 4.09% reacting to news from Nikkei Asian Review that the company was geared up towards listing SoftBank Corp., which is its mobile arm, both abroad and in Tokyo in 2018. The listing could potentially raise approximately 2 trillion yen for the company, as Nikkei informed.
SoftBank told that the listing of its mobile unit appeared to be an option for the company, although an official decision hasn’t been made yet.
Meanwhile, the S&P/ASX 200 inched up 0.26% in Australia. Newcrest Mining gained 3.05%, while Evolution Mining edged up 5.66%.
Market participants digested a busy weekend of economic and political news, with prospects that Germany might soon be heading into a new coalition government, although some remarks hint the deal is still a work-in-progress.
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 US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).