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 boast the greatest soar in a month
On Monday, Asian stocks boasted their biggest daily ascend in a month, reacting to moderate revenues in American shares, although the US dollar found itself under renewed pressure because Washington's political turmoil ruins confidence in American economic policy.
Outside Japan MSCI's broadest index of Asia-Pacific stocks rallied 0.9% underpinned by profits in Australia as well as Hong Kong shares notwithstanding fresh curbs disclosed by regulators on the property markets.
Financial analysts state that it won’t impact on the market a lot because buyers will keep focusing on the primary market rather than the secondary one where these measures are going to be more acutely perceived.
The bounce in Asian stocks turned to be the best outcome since April 25. Moreover, it has notched up profits of more than 17% for the MSCI emerging stocks index, unlike 8% for the world index even as some market participants grew wary of the outlook.
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.