What will move the market on October 18-22?
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 shares decrease in cautious trade
On Wednesday, EU shares declined because fresh American political concerns affected market sentiment and as traders monitored a speech by ECB Governor Mario Draghi due later in the day.
The EURO STOXX 50 edged 0.32%, France’s CAC 40 declined 0.21% and Germany’s DAX 30 tumbled 0.10%.
Markets were anxious after Donald Trump suddenly had FBI Director James Comey fired.
Financial stocks went up because French lenders BNP Paribas and Societe Generale tacked on 0.17% and 0.51% respectively. Besides this, Germany’s Deutsche Bank along with Commerzbank inched up respectively 0.03% and 0.97%.
As for peripheral lenders, Italian Intesa Sanpaolo as well as Unicredit added respectively 0.63% and 1.01%. Then, Spanish banks Banco Santander and BBVA headed south, sliding 0.01% and 0.27% respectively.
The FTSE 100 tacked on 0.01%, in London, underpinned by Barratt Developments PLC, whose stocks rallied 3.27%.
In America, the Dow Jones Industrial Average futures slumped 0.18%.
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