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 soar as crude dip shrugged off
On Thursday, Asian stocks managed to rise, shrugging off a 2% tumble overnight in oil prices and also picking up some momentum on prospects of a descending greenback as the Fed debates the pace of American economic surge and inflation.
The Nikkei 225 picked up 0.01%.
Stocks of Toshiba declined a bit more than 2%.
Australia's S&P/ASX 200 rose 0.42%, with materials and energy stocks demonstrating signs of revival after selling off in the previous trading session.
Meanwhile, financial markets in greater China stood in the green with the Hang Seng Index gaining 0.08% and the Shanghai Composite reporting a 0.16% profit.
Overnight, American shares concluded mixed, suppressed by a third-straight day of dipping crude prices which put pressure on the broader market, while a sudden uptick in American existing home sales failed to spur sentiment.
The sink in energy stocks overshadowed upbeat economic data, demonstrating that sales of existing homes inched up 1.1% in May, hitting an annual rate of 5.62 million.
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 Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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.