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 ascend, Dax reaches new all-time maximum
On Monday, European equities started moderately higher after four consecutive weeks of revenues, with Germany's Dax hitting a fresh maximum because concerns regarding the situation in Catalonia relieved after Sunday's protest against independence.
The pan-European STOXX 600 rallied 0.2% during early trade, the Dax gained 0.3%, thus demonstrating a fresh record of 12,997 points.
Meanwhile, Spain's IBEX managed to rebound 1%, with Caixabank acquiring 2% after its board decided to move its registered office to Valencia.
A modest rebound for the British pound that has been suffering from Theresa May's inability to maintain authority over her cabinet, applied pressure on the FTSE – the UK key benchmark slid 0.1%.
Credit Agricole slumped 0.8% after its CEO stressed it was considering joining the flock of potential suitors for Commerzbank.
Additionally, in France, Airbus appeared to be the top loser, going down 1.5%.
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.