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 generally ascend as market sentiment improves
On Monday, European markets edged up because upbeat news on the Brexit front as well as the US tax reform front improved market sentiment worldwide.
The EURO STOXX 50 grew 0.88%, Germany’s DAX 30 gained 1.02%, while France’s CAC 40 ascended 0.79%.
Market sentiment improved after on Friday the US Senate approved a tax overhaul, thus marking President Donald Trump first key political win.
The Trump administration stressed that its tax cuts are going to spur growth and power inflation, thus justifying a faster tempo of monetary tightening by the Fed.
Market participants also appreciated recent news that Brexit negotiations were actually moving in the right direction. According to the report, the EU has given UK Prime Minister Theresa May time until Monday to compose a more comprehensive divorce offer.
FTSE 100 edged up 0.76% in London because British lenders tracked their EU rivals steeply higher.
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.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.