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?
China equities reach 21-month maximum
On Monday, Chinese equities ascended after a week-long break because a dismal poll on the country's service sector didn’t manage to suppress optimism on global surge, while political uncertainty provoked turbulence for the Turkish as well as British currencies.
Liquidity was actually lacking with South Korea and Japan on holiday and also a partial holiday in America, where equities will be open, although bonds are going to be closed.
The Chinese blue-chip CSI300 index tacked on 1.7% reaching maximums not observed since late 2015, perhaps, in a delayed reaction to a planned easing by the country's major financial institution announced last week.
It helped to compensate a dip in the Caixin index of service sector activity to September’s 21-month minimum, which is a contrast to upbeat numbers in manufacturing.
As for spreadbetters, they also pointed to opening revenues for most key EU bourses.
The global economy definitely continues its synchronized revival, as follows from firm data across regions, including wage surge surprises in Japan and America.
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 US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
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.