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 lower on strengthening common currency
On Monday, European markets started lower because the previous week positive German economic data kept lending broad support to the common currency.
The EURO STOXX 50 went down 0.11%, Germany’s DAX 30 lost 0.14%, while France’s CAC 40 declined 0.15%.
The euro was boosted after Friday’s data showed that in November German business confidence reached a record maximum, thus putting the euro area’s number one economy on track for a boom.
The data emerged just one day after official data disclosed that exports as well as soaring business investments happened to be the key drivers of euro zone surge in the third quarter, pointing that the sturdy upswing is going to extend well into 2018.
FTSE 100 dived 0.09% in London, suppressed by Mediclinic International PLC – its equities went down 2.23%.
In the USA, the Dow Jones Industrial Average futures dived 0.03%, S&P 500 futures declined 0.03%, the Nasdaq 100 futures headed south 0.01%.
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 PPI will come out on Thursday, May 12, at 15:30 MT time.
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.