
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?
On Wednesday, Asian equities were quite mixed in morning trade notwithstanding global trade-war concerns strengthened with the resignation of Gary Cohn, White House economic expert after clashes over recently disclosed metal duties.
Overnight, the Dow managed to tack on 0.04%. As for the S&P 500, it edged up 0.26%, while NASDAQ Composite ascended 0.5%.
Meanwhile, Japan’s Nikkei 225 headed south 0.1% because the Japanese yen inched up after America demonstrated mixed signs as for whether Trump would stick with his tariff initiative or not. By the way, Bank of Japan’s monetary policy decision is going to be unveiled today.
Apart from that China’s National People’s Congress kept remaining in focus because on the third day of the event Xiao Jie, the country’s finance minister told that the country would proceed with cutting tax. In general, the promised tax cut accounts for $126 billion. China is planning to extend tax breaks to small as well as medium sized businesses. Besides this, Xiao added that his country would have severely debt issuance chaos punished to totally exclude any systematic debt risks in China.
The Shanghai Composite along with Shenzhen Component started respectively 0.3% and 0.2% higher. Additionally, the Hang Seng Index managed to reverse some of its 600 points revenues yesterday in Hong Kong and went down 0.2%.
KOSPI rallied 0.6% in South Korea and the Won added right after North Korea announced it would consider canceling its nuclear weapon program if the country’s safety is 100% guaranteed. In response, the US President Donald Trump told he was open to negotiations with the isolated regime.
In Australia, the S&P/ASX 200 went down 0.7% after the country posted a slower-than-anticipated GDP surge of 0.4% in the December quarter versus the general consensus of a 0.5% leap. The economic surge was affected by weaker exports and construction.
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?
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.
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