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 rise as American jobs data beats forecasts
On Monday, Asian stocks soared, underpinned by Wall Street's strong performance on Friday. Meanwhile, the greenback extended revenues provoked by much stronger than expected June employment data.
Outside Japan MSCI's broadest index of Asia-Pacific equities grew 0.55%, while Japan's Nikkei tacked on 0.7%.
Australian stocks advanced 0.6%, South Korea's KOSPI surged 0.4%.
Hong Kong's Hang Seng acquired 1%, while China's bluechip stocks stood still.
On Friday, American equities concluded higher after US jobs surge beat forecasts. Nevertheless, a lag in wage hikes led market participants to bet wage data would restrict the extent of the Fed’s hawkishness.
The Nasdaq led revenues with a 1% leap, while the S&P 500 gained 0.6% and the Dow Jones Industrial Average tacked on 0.4%.
On Friday, the 10-year American Treasury yield reached a two-month peak of 2.398% percent. As for Monday’s outcome it accounted for 2.3909%.
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.