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 go up as risk appetite gets back
On Tuesday, Asian equities soared, following the return of risk appetite, generated by a recent centrist win in the first round of the French presidential election. It pushed several regional markets to multi-year peaks, while the common currency retained most of its overnight revenues.
Safe-haven assets, including the Japanese yen and gold were still under pressure, while the Canadian dollar edged down after America announced fresh duties averaging 20% on Canadian softwood lumber imports. As a matter of fact, the Canadian currency declined to a four-month minimum as the greenback strengthened 0.4% to C$1.3554.
MSCI's broadest index of Asia-Pacific stocks outside Japan added 0.35%, hitting its highest value in more than three weeks and marking four straight days of revenues.
Japan's Nikkei N225 gained 0.8%. South Korea's KOSPI KS11 soared 0.4% to the highest value since April 2015 right after the second-largest company on the index, SK Hynix posted a record first-quarter revenue.
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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.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.