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?
Australian equities edge up close of trade
On Friday, Australia shares managed to grow because profits in the Gold, Metals & Mining as well as Resources sectors underpinned equities.
The S&P/ASX 200 tacked on 0.15%.
On the S&P/ASX 200 the winners were represented by Retail Food Group Ltd, Aveo Group and Mineral Resources Ltd. These benchmarks rallied 6.98%, 4.28% and 2.59% respectively.
As for the top losers, they included Sims Metal Management Ltd, Altium Ltd and Western Areas Ltd. They went down respectively 2.42%, 2.32% and 2.12%.
On the Sydney Stock Exchange climbing shares outperformed diving equities by 663 to 500, while 383 were intact.
Equities in Mineral Resources Ltd tacked on to all time maximums, adding 2.59% being worth 20.630.
Assessing the implied volatility of S&P/ASX 200 options, the S&P/ASX 200 VIX dived 1.44% demonstrating an outcome of 10.064, which is a fresh 6-months minimum.
The currency pair AUD/USD tacked on 0.14% being worth 0.7713, AUD/JPY gained 0.13% trading at 87.39.
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.
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.