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 tack on after Fed takes cautious stance
On Thursday, Asian equity markets mostly ascended after Fed Chair Janet Yellen's quite cautious testimony on Wednesday, while Chinese markets were underpinned by estimate-beating trade data.
The market in Thailand rallied 0.44%, demonstrating 1,581.88. At the same time in Manila the Philippines Stock Exchange PSEi Index managed to gain 0.19%, hitting 7953.78.
South Korea's Kospi Index rallied 1.1%, hitting 2,418.48. Additionally, Hong Kong also demonstrated sturdy outcomes in morning trade. Its Hang Seng Index leapt 1.08%, reaching 26,330.50. In Singapore the FTSE Straits Times index surged 0.59%, demonstrating 3,227.90.
The Shanghai Composite Index demonstrated a 0.44% rise in mid-morning trade, hitting 3,211.51. The Chinese market was bolstered after China unveiled upbeat data on exports. In China, June exports inched up 11.3% year-on-year, while imports surged 17.2%, surpassing expectations.
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.
A new week means new trading opportunities! Here are some events that can fluctuate the market actively…
The United States will publish the Inflation Rate and Core Inflation Rate, also known as US CPI and Core CPI, on August 10 at 15:30 GMT+3.
The United States Bureau of Labor Statistics will release monthly average hourly earnings, non-farm employment change (NFP), and unemployment rate on August 5, 15:30 GMT+3.