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 lower
On Tuesday, European markets started lower because fresh tensions between North Korea and American put pressure on market sentiment and traders were still digesting the consequences of Sunday's parliamentary elections in Germany.
The EURO STOXX 50 lost 0.12%, Germany’s DAX 30 decreased 0.16% and France’s CAC 40 sagged 0.11%.
Market sentiment worsened after on Monday North Korea's foreign minister Ri Yong Ho told that US President Donald Trump had dared to declare war on his country and respectively North Korea reserved the right to put down US aircraft even if they don’t enter North Korean air space.
Aside from that traders were digesting Angela Merkel’s win on Sunday. However, the chancellor will have to build up a coalition to form a government. It’s because Conservatives lost support amid a sudden soar by the anti-immigration Alternative for Germany (AfD).
FTSE 100 edged down 0.24% in London, suppressed by WPP, whose equities dipped 1.97%.
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 Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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.