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 south on geopolitical concerns
On Friday, Japanese along with South Korean stocks dropped, while the South Korean won came under pressure, affected by ascending geopolitical tensions in the Korean peninsula.
Market participants were actually spooked by concerns that North Korea might conduct a nuclear test or get down to other actions, which could provoke neighbors as early as this weekend.
News that America dropped the so-called “mother of all bombs", which is the largest non-nuclear device, weighed on market sentiment.
Japan's Nikkei N225 went down 0.1%, South Korea's Kospi KS11 headed south 0.4%. Meanwhile, in China, Shanghai stocks slid 0.1%.
Outside Japan, MSCI's broadest index of Asia-Pacific stocks sank 0.4%, although many markets in the region, including Hong Kong, Australia and Singapore are closed for the Good Friday public holiday.
In addition to this, in the currency market, the South Korean won slid 0.8%.
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.