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 as political worries ease
On Wednesday, European markets started higher because worries as for political tensions in Germany started easing and market participants waited for the presentation of the latest British budget due later in the day.
The EURO STOXX 50 rallied 0.23%, Germany’s DAX 30 gained 0.07% and France’s CAC 40 jumped 0.13%.
Market sentiment had dropped after on Sunday German Chancellor Angela Merkel didn’t cope with forming a government coalition, when the Free Democrats Party suddenly dared to leave the negotiation table.
Financial stocks generally leapt. French lenders BNP Paribas along with Societe Generale managed to grow 0.35% and 0.30% respectively. As for Germany's Commerzbank and Deutsche Bank, these financial institutions rallied 0.07% and 0.41% respectively.
FTSE 100 leapt 0.13% in London, spurred by Kingfisher, whose equities rallied 2.72%. The benchmark revived from Tuesday’s steep losses after the home improvement retailer informed about a dip in third-quarter underlying sales.
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 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.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.