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 are mixed as French polls noted
On Monday, Asian stocks traded mixed after an initial spurt higher regionally, following the French election, which went widely as expected, pitting far-right leader Marine Le Pen and centrist Emmanuel Macron in a May 7 runoff. Meanwhile, tension on the Korean peninsula also applied pressure on market sentiment later.
On Sunday, during the first round of the election centrist candidate Emmanuel Macron managed to win 23.7% of the votes. As for National Front leader Marine Le Pen, she grasped 21.7%, as latest estimates state.
Japan's benchmark Nikkei 225 index rallied 1.2% on the back of the French surveys, while the Kospi inched up 0.22%. As for the S&P/ASX 200, this benchmark soared 0.26%.
In China, the Hang Seng Index reversed revenue and dropped 0.27%, while the Shanghai Composite went down 1.56%. American share futures kept pointing higher.
The previous week, American shares closed lower on Friday notwithstanding the publication of bullish economic data as well as an update from President Donald Trump on his tax reform initiative.
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 United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.