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 swing sideways as third quarter revenues keep rolling in
On Tuesday, European bourses as well as indexes demonstrated mixed performance at the opening of markets because a fresh set of third-quarter profits pulled companies' stocks steeply in different directions.
The STOXX 600 stood still, gaining no more 0.02%, London's FTSE 100 lost 0.1%, France’s CAC 40 gained 0.3%, while Germany's didn’t change.
Apple supplier AMS made an impressive leap after it posted its earnings, soaring close to 20% in the first minutes of the session right before settling 15% higher.
Meanwhile, in Spain Caixabank raised the IBEX with a 2.3% soar having posted a 53% leap in nine-month net revenue, ahead of experts’ forecasts. Having lagged behind its rivals due to the Catalan crisis on Monday, the IBEX rebounded, demonstrating a 0.4% jump.
In Sweden, traders were disappointed by a mining company Boliden. Its equities went down more than 9%. Saab, a defense firm grew 5.5% having posted order bookings as well as revenues above market forecasts.
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.