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 shares descend on US strikes on Syria
On Friday, Asian shares dipped, while the Japanese yen soared in Asia after the recent US missile strikes on A Syrian air base, thus escalating the conflict and spooking traders worldwide.
The response turned to be immediate with the greenback sagging over half a yen in currency markets. As for gold, sovereign bonds and crude, they surged hard.
Outside Japan MSCI's broadest index of Asia-Pacific stocks lost 0.5% in short order, while the S&P 500 futures slid 0.3%.
The US military launched cruise missile strikes, responding to a recent chemical attack in a rebel-held area, as a US official informed.
Experiencing his biggest foreign policy crisis since taking office, Donald Trump took the toughest direct American action in Syria for six years, thus increasing the risk of confrontation with Iran and Russia, Assad's two major military backers.
Meanwhile, American crude ascended 85 cents, hitting $52.55 a barrel, while Brent futures surged 81 cents, trading at $55.66.
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.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
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.