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 under pressure on soft American data
On Monday, Asian stocks sagged, while American bond yields tumbled to five-month minimums after soft American economic data affected investor sentiment already frayed by concerns over North Korea as well as coming French elections.
It dwarfed any relief for market participants after the American Treasury department didn’t label China as a currency manipulator, thus avoiding an all-out confrontation on currencies between the two largest economies in the world.
S&P 500 mini futures edged down 0.15%, hitting 2,324, edging close to a six-week minimum of 2,317.75 hit in late March, reacting to Trump's defeat on healthcare reform.
Outside Japan MSCI's broadest index of Asia-Pacific stocks dipped 0.1% in holiday-thinned trade. As for Japanese Nikkei, it sagged as much as 0.6%, hitting a five-month minimum before soaring 0.1%.
The vast majority of European share markets are going to be closed for Easter holidays.
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.