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?
European equities are mixed
On Thursday, European equities were a bit changed because profits in financial shares a long with a weaker common currency gave support. At the same time fashion group H&M slumped after dismal outcomes.
The heavyweight banking sector SX7P tacked on 0.5% reaching seven-week maximums, underpinned by hopes that monetary policy would tighten after a series of hawkish remarks from Fed Chair Janet Yellen a bit earlier this week.
Revenues in banking equities, led by German lender Deutche Bank as well as France'sBNP Paribas enabled to compensate dips among basic resources shares SXPP because copper prices slumped.
Meanwhile, the pan-European STOXX 600 index decreased 0.1%, which is below the two-month maximum it hit during the previous session following Donald Trump's tax overhaul proposal.
Germany's export-oriented DAX index grew 0.2%, France's CAC stood still. Spain's IBEX gained 0.1% because worries over the Catalonia independence referendum relieved.
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 Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.