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 higher notwithstanding fresh Brexit deadlock
On Tuesday, European markets started higher notwithstanding news that Brexit talks had stalled once again.
The EURO STOXX 50 rallied 0.24%, Germany’s DAX 30 tacked on 0.20% and France’s CAC 40 gained 0.11%.
Traders seemed to have neglected news that on Monday the European Union and Great Britain didn’t manage to agree upon the terms for Brexit.
However, as European Commission President Jean-Claude Juncker told, it didn't mean that negotiations were failing.
Financial stocks generally gained. French lenders Societe Generale as well as BNP Paribas soared 0.77% and 0.28% respectively. In Germany, Commerzbank and Deutsche Bank dived respectively 0.08% and 0.09%.
In Italy, Intesa Sanpaolo as well as Unicredit tacked on respectively 0.36% and 0.240%, while Spanish financial institutions BBVA and Banco Santander leapt 0.22% and 0.07% respectively.
FTSE 100 acquired 0.45% in London, underpinned by WM Morrison Supermarkets PLC.
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.
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.
Every week we expect many interesting events that can shake the market.