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 head north
On Wednesday, Asian stocks traded mostly higher because sturdy earnings along with manufacturing data spurred risk appetite, while hopes that the Fed will signal a June rate surge later in the session underpinned the greenback.
Crude prices pulled higher after a steep drop on Tuesday, following technical selling in a market already concerned over oversupply and following a soar in output from several members of the OPEC.
Outside Japan MSCI's broadest index of Asia-Pacific stocks was moderately lower on Wednesday.
The MSCI World index managed to surpass Tuesday's record to reach a new peak on Wednesday.
Hong Kong as well as South Korea are closed for the Buddha's birthday, while Japan’s unavailable from Wednesday for the Golden Week holiday until Friday.
Taiwan ascended 0.1%. Besides this, Malaysia, Singapore and Thailand were traded higher too, though Chinese stocks pulled back nearly 0.3%.
Australian shares lost 1%, unable to spot fresh catalysts to bring it above a two-year peak reached on Monday.
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.