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 hold revenues ahead of American jobs
On Friday, Asian stocks mostly ascended, with Shanghai bucking the trend with focus on Amerian jobs data.
On Friday, the nonfarm payrolls report is supposed to demonstrate that the American economy generated up to 185,000 jobs the previous month, and it’s going to be closely monitored as it appears to be the final jobs report before the FOMC gathers in June.
As investing.com’s Fed rate monitor tool states, approximately 90% of investors expect the major US bank to have its benchmark rate lifted from 0.75-1% to 1-1.25% already in June.
In Japan, the Nikkei 225 tacked on 1.83% because car makers traded higher right after May car sales in America reflected that Honda and Nissan recorded leaps in sales on year. Meanwhile, Toyota dipped short. Shares of Nissan added 1.82%, Honda grew 2.35% and Toyota acquired 1.34%.
Australia's S&P/ASX 200 inched up 0.89%, powered by its materials as well as financials sub-indexes.
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.
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.