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 edge up ahead of earnings
On Friday, European equities are set to start higher because market participants watch out for fresh earnings and data.
The FTSE 100 gained 3 points hitting 7,764. Meanwhile, the DAX rallied 52 points trading at 13,250, while the CAC 40 opened 17 points higher demonstrating an outcome of 5,506.
In Asia, financial markets generally slumped after cashing in on optimism from American earnings. In the European Union financial institutions will be in focus with traders awaiting the latest US earnings reports from JP Morgan as well as Wells Fargoand Blackrock.
The common currency rallied 0.1% versus the evergreen buck hitting $1.2044. On Thursday, the euro tacked on, reacting to a hawkish report from the ECB, in which the financial institution told it could have its guidance revisited in early 2018.
Luxury group Kering is considering distributing 70% of its Puma equities to traders.
Traders are also waiting for inflation data from Spain, Italy and France.
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 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.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.