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 head for year-end
On Thursday, European equities went down in early deals, with company news as well as macro events scarce in holiday-thinned trade, while Britain's FTSE 100 kept to a record maximum.
The STOXX 600 index headed south 0.1%, blue chips STOXX50E went down 0.2%.
A soar in commodity prices kept backing the resources-heavy FTSE 100 that earned 0.1%. Europe's basic resources index appeared to be the best-performing sector, gaining 0.5%.
Tech equities SX8P extended last session's dips, when chipmakers were affected by worries over demand for Apple's iPhone X.
Evidently, the tech sector slumped 0.3% on the day, although it has soared more than 20%so far in 2017, thus becoming the standout performer in Europe.
Stocks in BT found themselves among the key top fallers, sliding 1.7% right after the telecoms stock traded ex-dividend. Meanwhile, volatile Steinhoff turned to be the top gainer, soaring 4%.
Germany's DAX as well as Italy's benchmark FTMIB demonstrated the best performance this year, earning respectively 13.8% and 15.4%.
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.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.