When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
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.
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.
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.
Every week we expect many interesting events that can shake the market.