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 set for the best trading week since July
On Friday, European equities tumbled as another missile launch by North Korea affected investors' appetite for riskier banking as well as mining shares, although the index was still on track for its strongest week since July with financial markets actively neglecting geopolitical turmoil.
The STOXX 600 lost 0.2%, while in Great Britain FTSE 100 tumbled 0.4% reaching a fresh four-month minimum.
EU equities were still headed for their best trading week in two months, which is fresh from Thursday’s five-week maximum as they revived from a summer decrease.
Banks SX7P went down 0.5%. They were among the biggest losers as traders shed the most risky assets. As for miners SXPP, they lost 0.7%.
PostNL grew 3.9% with market participants referring to a Goldman Sachs upgrade to a "buy". Meanwhile, Moeller-Maersk edged down 2.4% because after BAML had it reduced to "underperform".
Euro zone stocks STOXXE have managed to supplant the broader STOXX index year-to-date notwithstanding experts and traders hoping that the stronger euro might affect company earnings.
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.