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 south
On Wednesday, European equities declined in early trade, reacting to a sag in the previous trading session when a sell-off on the bond market put pressure on markets, while support from a tax reform in America faded.
The STOXX 600 index dived 0.3%, while revenues among German utilities helped to restrict the DAX's descend to 0.1%. In France, CAC lost 0.5%, while Britain’s FTSE descended 0.2%.
Steinhoff headed south 21%. It’s because the scandal-affected South African furniture retailer started to lose credit lines from its lenders. The retailer told it didn’t have an opportunity to determine the whole scale of accounting irregularities that have erased over $10 billion off its market value for the last two weeks.
RWE happened to be the key gainer on the DAX, adding 1.8%.
On the STOXX the top gainer was Stada. The benchmark gained 9.7% right after the German pharmaceutical firm agreed a fresh revenue transfer deal with Nidda Healthcare, its new majority investor.
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.