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 on back foot
On Monday, European equities slumped because market participants took a cautious view of the approaching coalition tussle in Germany, reacting to elections in which Chancellor Angela Merkel managed to grasp a fourth term, although ended up seeing her party weakened by an ascend in support for the far-right.
Financial market demonstrated rather a muted reaction to currencies. The common currency took a hit, although the vast majority of regional benchmarks were intact to lower as traders took the view that a coalition government in Germany could confound some expectations for firmer euro zone integration going forward.
The STOXX 600 was nearly intact, while euro zone blue chips slumped 0.1%. In Germany, DAX went down 0.1%.
In Spain, IBEX kept lagging its counterparts, and it lost 0.6% in early trades. Apparently, the surging political crisis in Spain over Catalonia's shocking campaign for independence heavily affected equities.
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 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.
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.