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 stand still, on track for gaining week
On Friday, Asian stocks were flat, while staying on track for a weekly revenue, while crude prices drifted away from this week's 10-month minimums.
Outside Japan, MSCI's broadest index of Asia-Pacific stocks didn’t change on the day, while it gained 0.4% for the week.
Japan's Nikkei stock index N225 soared 0.1%, on track to log a soar of 1% for a week, where it hit its highest value since August 2015.
The dollar index, traditionally assessing the US currency’s value versus a basket of six key rivals, dived 0.1%, hitting 97.488, although leaping 0.3% for the week.
Overnight, on Wall Street American stocks showed rather a mixed performance, although the S&P healthcare index jumped 1% and reached its fifth consecutive record close, reacting to the publication of the Senate Republicans' bill.
According to Tuesday’s economic report, the total number of Americans filing for unemployment benefits inched up moderately the previous 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 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.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.