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 ascend on optimism over global soar
On Monday, Asian stocks went up on optimism over global surge, while the greenback stood on the defensive as a subdued American inflation outlook capped American bond yields and also raised questions whether the Fed intends to tighten its policy or not.
Outside Japan, MSCI's broadest index of Asia-Pacific stocks soared 0.4%, while Japan's Nikkei N225 went up 0.1%.
Share prices have also been underpinned by quite loose monetary policies in the developed world, with the BOJ and the ECB still pumping in funds.
While the leading US financial institution is gradually tightening its monetary policy, traders think the pace of its tightening is going to be much slower than its policymakers actually want considering subdued American inflation.
The lower US Treasury yields have put the greenback on the defensive, although some investors tell both Treasury yields and the greenback could soar if Donald Trump succeeds in pushing through his healthcare bill in the US parliament.
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 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.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.