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 markets decline on German deadlock
On Tuesday, European markets headed south because a political deadlock in Germany kept weighing on investors' confidence.
The EURO STOXX 50 went down 0.10%, Germany’s DAX 30 dipped 0.09% and France’s CAC 40 sagged 0.01%.
Financial markets were jittery after on Sunday German Chancellor Angela Merkel didn’t cope with forming a government coalition, when the Free Democrats Party suddenly left the negotiation table. On Monday, Merkel told that she would opt for a new election rather than a minority government.
Financial stocks mostly gained, as French lenders BNP Paribas as well as Societe Generale tacked on 0.16% and 0.41% respectively. Besides this, Germany's Commerzbank and Deutsche Bank rallied 0.78% and 0.38% respectively.
As for peripheral lenders, Italy's Intesa Sanpaolo along with Unicredit gained respectively 0.14% and 0.30%, while Spanish banks Banco Santander and BBVA underperformed, with equities down respectively 0.07% and 0.77%.
FTSE 100 went down 0.12% in London.
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.