
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?
On Thursday, Asian stocks sagged after the US major financial institution utilized a hawkish bent overnight, while dropping metals also weighed on Asian stock markets.
Australia's S&P/ASX 200 went down 0.45%, Hong Kong's Hang Seng Index lacked 0.39% and the Shanghai Composite descended 0.59%.
Due to the Greenery Day holiday Japanese markets were unavailable.
As for Australian resources benchmarks, Rio Tinto sagged 2.29%, BHP Billiton declined 0.67% because base metals lost favor.
The sag in copper prices became evident after a leap in inventories powered worries as for an economic slowdown in China, the world's number one copper consumer.
Overnight, American shares were mixed after the close because revenues in the Oil & Gas, Financials as well as Technology sectors brought stocks up, while losses in the Basic Materials, Telecoms as well as Utilities sectors brought stocks down.
The Dow Jones Industrial Average managed to grow 0.04% at the close in NYSE, while the S&P 500 index headed south 0.13%. As for the NASDAQ Composite index, it went down 0.37%.
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?
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 United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
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.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
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