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 slump in Asia after Manchester explosion
On Tuesday, Asian stocks headed south, following a recent explosion in Manchester at a concert venue. Experts consider it to be a terror attack.
Approximately 19 folks died because of an explosion in northern England at the Manchester Arena, exactly where American singer Ariana Grande had been touring, as Reuters informed.
The FTSE descended moderately, hitting 7,482.50 after the explosion, while American futures, including the S&P 500 along with the Dow dipped too.
Japan's Nikkei 225 sank 0.05%, Australia's S&P/ASX 200 inched down 0.23%. Besides this, South Korea's benchmark Kospi stood intact, Hong Kong's Hang Seng Index soared 0.28%. As for the Shanghai Composite, it went down 0.10%.
Overnight, in the USA shares concluded higher. It’s because market participants neglected recent American political turmoil, shifting their attention to Donald Trump’s first foreign trip.
The Dow Jones Industrial Average hit 20,894.83, adding 0.43%. As for the S&P 500, the benchmark concluded 0.52% higher while the Nasdaq Composite reached 6133.62, soaring 0.82%.
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.