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 start lower in cautious trade
On Wednesday, EU stocks started lower in cautious trade, right after China’s rating was downgraded by Moody’s. Additionally, financial markets were still reviving from the Manchester bombing.
The EURO STOXX 50 sagged 0.20%, France’s CAC 40 tumbled 0.14% and Germany’s DAX 30 lost 0.25%.
Global equities went down after Moody's unexpectedly downgraded its credit rating on China to "A1" from "Aa3", telling that this Asian country will most likely lose its financial strength within next few years.
Market participants were still digesting the Manchester terrorist attack, which murdered up to 22 folks on Monday.
Britain’s FTSE 100 went down 0.05%, suppressed by Kingfisher, whose stocks dipped 5.93% right after the company posted a dip in first-quarter sales because of a slowdown in its French market.
Financial stocks showed mixed performance because BNP Paribas dived 0.30%, Societe Generale gained 0.10%, while Commerzbank soared 0.06%. In Germany, Deutsche Bank lost 0.41%.
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 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.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.