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 start generally higher
On Friday, European markets started generally higher because global optimism spurred risk sentiment. However, progress on the Brexit front underpinned demand for the UK pound, restricting gains for British shares.
Germany’s DAX 30 rallied 1.02%, France’s CAC 40 added 0.59% and the EURO STOXX 50 managed to acquire 0.77%.
Financial equities abruptly gained. French lenders Societe Generale and also BNP Paribas edged up respectively 3.07% and 2.74%. Besides this, in Germany Deutsche Bank and Commerzbank tacked on 2.35% and 2.59% respectively.
As for peripheral lenders, in Italia Intesa Sanpaolo as well as Unicredit added respectively 1.64% and 1.68%, while Spanish bank BBVA and Banco Santander grew 1.41% and 2.21% respectively.
FTSE 100 inched down 0.01% in London.
American shares pointed to a higher start. The Dow Jones Industrial Average futures gained 0.08%, S&P 500 futures rallied 0.13%, the Nasdaq 100 futures jumped 0.45%.
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.