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 start a bit lower
On Thursday, European stocks started in negative territory because a bunch of corporate earnings report for the third quarter provoked steep prices moves across some sectors as well as bourses.
The STOXX 600 decreased 0.1%, unable to revive from last session's decline, and neglecting peaks in Asia and also on Wall Street.
The world's number one maker of wind turbines, Vestas turned to be the worst performer because it had its 2017 revenue margin outlook lowered.
British luxury brand Burberry happened to be another big loser, sliding approximately 95 after first-half outcomes, while Hikma Pharmaceuticals slumped 5.5% having lowered 2017 profit guidance for its generics business for a third time.
Equities in Italian banks strengthened having lost ground on Wednesday because of worries over non-performing loans.
Commerzbank tacked on 2.1% having swung to net revenue in the third quarter. The German financial institution repeated it was still expecting to derive a bit positive net revenue for the full year.
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 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.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.