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 stocks approach two-year peak as American hi-tech rebound drives mood
On Tuesday, Japan's Nikkei acquired more than 1%, getting to a two-year peak, underpinned by rebound in American hi-tech stocks because traders bet on solid surge in the US economy as well as corporate profits worldwide.
Outside Japan MSCI's broadest index of Asia-Pacific stocks were intact, keeping to a two-year peak reached the previous week.
A great number of market participants expect the so-called A stocks, forming the majority of China's stock market to be included.
The blue-chip CSI300 index of mainland shares headed south 0.2%.
Wall Street's S&P 500 as well as the Dow industrial average reached record peaks as technology stocks rebounded after some sudden dips earlier this month.
American financial stocks also surged as US debt yields went up after New York Federal Reserve President William Dudley told that American inflation should rebound along with wages because the labor market keeps improving.
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 Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.