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 Tokyo revives after muted Wall Street
On Tuesday, Asian stocks traded mixed, with Tokyo reviving after America demonstrated a muted reaction to President Donald Trump's inability to replace Obamacare.
Japan's Nikkei 225 inched up 1.07%, reviving from a steep drop overnight as Lenovo Group and Fujitsu announced the postponement of their target date for a final agreement on their personal computer business tie-up. Stocks of Fujitsu rallied 2.70%t and the Hong Kong-listed Lenovo surged 1.23%.
In Australia, the S&P/ASX 200 soared 1.15%. However, retail company Myer dipped 4%, having soared 18% on Monday amid rumors that a takeover bid was on the cards.
The Shanghai composite tumbled 0.26%, while Hong Kong's Hang Seng index gained 0.49%.
Overnight, American stocks closed mostly lower on, as market participants mulled over President Trump’s ability to push through major proposals, which include tax reform, right after on Friday the healthcare bill was dropped.
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 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.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.