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 lower with PMI in focus
On Thursday, European markets started lower because market participants paid attention to the publication of euro zone manufacturing as well as service sector activity data due later in the session.
The EURO STOXX 50 rallied 0.23%, Germany’s DAX 30 gained 0.07% and France’s CAC 40 jumped 0.13%.
Financial markets were still jittery after on Sunday, German Chancellor Angela Merkel didn’t cope with forming a government coalition.
On Thursday, research group Markit told that its German manufacturing purchasing managers' index headed north to 62.5 in November versus October’s 60.6, while the services PMI rallied to 54.9 versus the previous outcome of 54.7.
In November, the French manufacturing PMI managed to grow to 57.5 versus October’s outcome of 56.1, while the services PMI edged up to 60.2 from 57.3.
Investors were still waiting for PMI figures for the whole euro zone.
FTSE 100 inched down 0.50% in London, suppressed by Centrica, whose equities lost 16.86%.
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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.