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 build momentum as traders wait for American tax bill
On Tuesday, European equities followed American as well as Asian markets higher because market participants waited for a highly- anticipated American tax reform bill that looks nearly certain to be approved this week.
The pan-European STOXX 600 edged up 0.2% hitting a five-week maximum, maintaining Monday's momentum. However, revenues turned to be muted, with euro zone shares as well as blue-chips rallying 0.1%.
In the UK, FTSE 100 soared 0.3%, underpinned by its weighting towards defensive and high dividend-paying equities that traders favor when they feel uncertainty.
Chipmaker Dialog Semiconductor appeared to be the leading stock mover, ascending 7.7% after Tsinghua lifted its stake in the company further to 9%.
Tsinghua Unigroup has been contributing to its stake since Dialog equities dipped in November following news that the power management chip maker might be deprived of its key client, Apple.
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.