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 tumble as traders seek safe havens
On Tuesday, Asian shares slid, as caution reigned ahead of a potentially tense gathering between American President Donald Trump and his Chinese counterpart Xi Jinping this week.
The greenback lost ground after traders sold stocks overnight and looked to safe havens because political uncertainty overshadowed upbeat American economic news and solid surge in global manufacturing.
Outside japan MSCI's broadest index of Asia-Pacific stocks went down.
Japan's Nikkei decreased 0.4%, as market participants sought out the safe-haven yen and as carmakers slid on weaker-than-expected American sales.
The worst performer on the index, Toshiba Corporation tumbled nearly 9% after sources told that on Tuesday it will meet creditor banks just to ask them to accept as collateral stocks in some of its businesses in exchange for not calling in their loans.
Australian stocks lost 0.2% notwithstanding an expansion in the country's February trade surplus to more than double last month's because exports of minerals and gold rebounded, while imports went down.
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.