
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?
On Friday, European stocks tacked on, underpinned by revenues in the insurance sector reacting to an update from German heavyweight Allianz.
The STOXX 600 managed to gain 0.2% because stronger financial as well as materials equities assisted the pan-European index to bounce back having faced its greatest one-day tumble since the end of June in the previous session.
Allianz turned to be the greatest single boost to the STOXX, adding 1.3% and pushing Europe's insurance index SXIP up about 0.7%.
The German insurance company reported a 17% sag in net revenue and provided a bit less optimistic outlook for full year profits because a spate of natural catastrophes put pressure.
Market participants told that outcomes at Allianz that also unveiled a 2 billion euro share buyback initiative appeared to be in line with hopes.
Its revenues pushed the euro STOXX 50 0.2% up. However, the euro zone blue chip index found itself on track to report a weekly decline following 10 straight weeks of revenues.
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?
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.
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