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 with Tokyo down on weakening yen
On Tuesday, Asian stocks were quite mixed, with Tokyo giving up some revenues on a weakening yen.
In Japan, the Nikkei 225 went down 0.23%, South Korea's benchmark Kospi index tacked on 0.18%. South Korean tech shares demonstrated mixed performance right after the sell-off in the last trading session. Samsung Electronics grew 0.09%, LG Display tacked on 2.72%t, while memory chip supplier SK Hynix decreased by 0.35%.
In Australia, the S&P/ASX 200 went up by 0.06%. Additionally, several employees of the Australian gaming group, Crown Resorts were charged for the promotion of gambling in China, as Reuters informed. Stocks of Crown managed to gain 0.27% in early trade.
The National Australia Bank published its May business confidence survey, unveiling a plus-7 figure, down from last reading at plus-13 as well as its business poll at plus-12, also dipping from the previous outcome at plus-14.
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.