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 stocks go up at close of trade
On Wednesday, Australian stocks grew after the close, as revenues in the Financials, IT as well as Healthcare sectors brought stocks up.
The S&P/ASX 200 inched up 0.72%.
Seven Group Holdings Ltd, A2 Milk Company Ltd and Bellamys Australia Ltd grew 10.77%, 7.07% and 4.74% respectively, thus becoming the best performers of the session on the S&P/ASX 200.
The worst performers included St Barbara Ltd, Saracen Mineral Holdings Ltd and Northern Star Resources Ltd. They slumped respectively 10.80%, 9.11% and 6.77%.
Ascending shares supplanted decreasing ones on the Australia Stock Exchange by 572 to 569, while 360 remained intact.
Stocks in Seven Group Holdings Ltd headed north to 3-years peaks, ascending 10.77% to 11.310. Stocks in A2 Milk Company Ltd grew to all time peaks, soaring 7.07% and being worth 3.180.
Traditionally assessing the implied volatility of S&P/ASX 200 options, the S&P/ASX 200 VIX decreased 6.17%, hitting 12.476.
The currency pair AUD/USD went down 0.24%, demonstrating 0.7518, while AUD/JPY surged 0.04%, being worth 83.75.
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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.