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 inch up
On Friday, European stocks managed to creep higher in early deals because revenues weighed on stocks in French bank Societe Generale as well as Dutch telecoms firms Altice, although profits for tech equities and carmakers restricted losses.
The STOXX 600 index gained 0.1%, set for its second week of revenues in a row. Meanwhile, euro zone blue chips STOXX50E headed south 0.1% too.
Britain's FTSE 100 reacted to the BoE’s first rate lift in more than a decade. As a result, the benchmark grew 0.3%.
Friday turned to be another busy day of revenues, with the banking sector attracting traders’ attention. Societe Generale edged down 3.8% right after the French bank posted third quarter earnings with a 15% slide at its investment banking arm.
Telecoms company Altice happened to be another big loser, tumbling approximately 7.9% having unveiled cautious full-year objectives amidst a bit weaker-than-anticipated third quarter results.
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.