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?
EU markets start higher
On Wednesday, European markets started higher because hawkish comments by Fed Chair Janet Yellen drove market sentiment.
The EURO STOXX 50 ascended 0.66%, Germany’s DAX 30 gained 0.48% and France’s CAC 40 rallied 0.26%.
In Tuesday’s speech Fed Chair Janet Yellen told that the Fed needs to keep raising rates gradually notwithstanding uncertainty regarding the path of inflation.
Meanwhile, market participants started accepting the fact that German Chancellor Angela Merkel is going to have months of coalition negotiations to form a stable government.
Political risk in Spain is still actual, with the Catalan authorities intending to hold a referendum on whether to break up with Spain on Sunday notwithstanding opposition from the Spanish government.
In general, financial equities grew because French lenders BNP Paribas and Societe Generale rallied 0.45% and 0.29% respectively. At the same time Commerzbank and Deutsche Bank soared respectively 1.17% and 1.24% in Germany.
FTSE 100 jumped 0.44% in London.
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.
What will happen? ECB will report its Monetary Policy statement at 14:45 MT (GMT+3) on Thursday, October 28…
What will happen? BOC will report its Monetary Policy statement at 17:00 MT (GMT+3) on Wednesday, October 27…
What will happen? Australian Bureau of Statistics will announce Core PCE Price Index at 03:30 MT (GMT+3) on Wednesday, October 27…