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 shares get closer to 10-year maximum
On Thursday, Asian equities rallied to near decade maximums, participating in a global equities soar, while the evergreen buck resumed its ascend on the back of a spike in American yields.
There was a minor market reaction to China’s data, which showed that its economic surge cooled a bit to 6.8% during the third quarter year-on-year versus the second quarter's outcome of 6.9% that had been widely forecast.
A moderate loss of momentum had been anticipated because the Chinese government actually tames the heated property market and also cracks down on riskier lending.
Other data disclosed that China's industrial output went up a stronger-than-anticipated 6.6% in September. Meanwhile, retail sales also demonstrated a decent outcome, although investment surge relieved more than anticipated and property sales went down for the first time for two years.
MSCI's index of Asia-Pacific equities grew 0.2%, approaching a 10-year maximum scaled on Tuesday.
Japan's Nikkei N225 rallied 0.6%, showing a fresh 21-year maximum, while South Korea's KOSPI also conquered a historical peak.
As for Shanghai SSEC, it bucked the trend, diving 0.3%.
Similar
What to expect from Microsoft event?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Apple event surprised traders
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.
Latest news
Will New Zealand’s Central Bank Boost the NZD?
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
