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 sag from 2-year peaks
On Monday, Asian stocks handed back earlier modest revenues and descended, running short of incentives to push past two-year peaks, with many major markets unviable for holidays.
Meanwhile, the British pound nursed losses after a survey demonstrated a shocking lead for Prime Minister Theresa May's party in the UK’s approaching elections.
Outside Japan MSCI's broadest index of Asia-Pacific stocks slumped 0.2%.
Japan's Nikkei N225 gained 0.1%, while weaker commodities suppressed Australian stocks, making them lose 0.5%. On Monday, the closure of British, Chinese and American markets on Monday deprived market participants of potential catalysts and kept trading tamed.
Reacting to North Korean missile launch, KOSPI initially touched an intraday record peak in South Korea before rebounding 0.1%.
Versus a basket of key currencies, the dollar index stood still, sticking to 97.465, having ascended on Friday due to positive American GDP data.
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.