When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Asian shares tumble with Japan markets shut
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings.
On Sturdy, Ezra Holdings filed for U.S. Chapter 11 bankruptcy and reported it had loans of $272 million owed to Singapore's DBS Group as well as $184 million owed to Oversea-Chinese Banking Corp. Stocks of DBS Group and OCBC declined respectively 0.41% and 0.31%.
Additionally, Singapore's benchmark Straits Times index slid 0.4%, while its oil and gas index lost 1.01%.
Apart from that, at the weekend, finance ministers from 20 of the world's leading economies held a two-day gathering and warned against competitive devaluations as well as disorderly FX markets, though failed to agree on keeping global trade open and free.
The S&P/ASX 200 went down 0.36%, the Shanghai composite stood still to weaker, while Hong Kong's Hang Seng managed to gain 0.6%.
The previous week, on Friday, American equities closed moderately lower, notwithstanding the publication of mostly positive economic data, as manufacturing output as well as consumer sentiment data topped hopes, while industrial production decreased in February.
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.
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.