When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Asian stocks soar notwithstanding Wall Street dip
On Thursday, Asian stocks managed to shrug off a lackluster start. They inched up, while the evergreen buck gained because traders priced in more American rate lifts after positive economic data.
SCI's broadest index of Asia-Pacific equities outside Japan tacked on 0.6%.
In addition to this, Australian stocks AXJO managed to gain 0.3%, with market sentiment underpinned by data showing that the country's jobless rate sank to 5.4% in October, which is its most impressive outcome since early 2013.
Japan's Nikkei N225 reversed early losses and inched up 1.5% because market participants hunted for bargains after a six-day losing marathon.
EMini futures for the S&P 500 tacked on 0.2% after key indexes sagged on Wall Street overnight, with the S&P 500 energy sector reporting a four-day drop of 4%, which is its weakest result for 14 months.
Besides this, core American inflation rallied, while retail sales confounded estimates, rolling out an upbeat sign for growth.
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.
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.
Every week we expect many interesting events that can shake the market.