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 shrug off Wall Street blues
On Monday, Asian stocks inched up, shrugging off Wall Street's uninspiring performance, while the British pound was mostly intact after in London a van unexpectedly rammed into pedestrians even as financial markets braced for the beginning of Brexit negotiations.
Outside Japan MSCI's broadest index of Asia-Pacific stocks tacked on 0.5%.
Japan's Nikkei N225 managed to acquire 0.6%.
As for Australian shares AXJO, they gained 0.5%, South Korea's KOSPI surged 0.6%.
Chinese shares CSI300 tacked on 0.55%, following data that showed that home prices added 10.4% in May from last year, though dipping from April's 10.7% surge.
In Hong Kong the Hang Seng index grew 0.85%.
On Friday, Wall Street concluded mixed, with energy names compensating dips in consumer stocks that turned to be clobbered by Amazon’s $13.7 billion deal to purchase upscale grocer Whole Foods Market.
The S&P 500 index stood still, the Dow Jones Industrial Average concluded up 0.1% and the Nasdaq went down 0.2%.
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 US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).