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 tumble on Trump healtcare fallout
On Monday, stocks in Asia dipped as markets reacted to Donald Trump’s failure to overhaul American healthcare and what it might portend for planned tax drops as well as infrastructure spending.
Japan's Nikkei 225 dived more than 1.50%, while Australia's S&P/ASX ASX 200 lost 0.17%.
The Shanghai Composite headed south 0.39%, while Hong Kong's Hang Seng index declined 0.17%.
The previous week, American shares closed mixed, after the House of Representatives’ dared to withdraw a health care bill in order to repeal and replace Obamacare because chances of passing the bill turned to be slim amid a lack of votes.
The Dow offered the greatest reaction to the news, as this benchmark moved steeply off the minimums, though eventually closed in negative territory.
The Dow Jones Industrial Average tumbled 0.29% to hit 20,596. Aside from that the S&P 500 managed to gain 0.11%, while the Nasdaq Composite concluded at 5,828, leaping 0.19%.
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.