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 shrug off NKorea missile launch
On Wednesday, Asian stocks held revenues as Chinese markets returned after a two-day holiday and traders shrugged off the launch of a ballistic missile by North Korea ahead of an upcoming summit between American and Chinese leaders this week.
The Shanghai composite managed to earn 0.98%, Hong Kong's Hang Seng index inched up 0.24%.
Besides this, Japan's Nikkei 225 gained 0.27%, the S&P/ASX 200 surged 0.03%. As for South Korea's Kospi, it almost stood still.
Overnight, American crude stocks closed higher, following the publication of positive American trade data. The latest batch of American economic trade data, contributed to the narrative of a stronger American economy because in February the US trade deficit narrowed by more than expected.
On Tuesday, the Commerce Department told that the trade deficit dipped by 9.6% to $43.6 billion. Additionally, January's trade deficit was revised from $48.5 billion down to $48.2 billion. Experts had expected the trade gap to contract to $44.8 billion in February.
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.