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 as American worries weigh
On Friday, European markets started lower because fresh worries over American tax reform plans affected market sentiment and market participants were still digesting the ECB’s latest policy decision.
The EURO STOXX 50 declined 0.22%, Germany’s DAX 30 slid 0.18%, France’s CAC 40 dived 0.11%.
Financial equities showed mixed performance - French lenders BNP Paribas and also Societe Generale headed south 0.27% and 0.47% respectively. At the same time in Germany Deutsche Bank went down 0.49%, while Commerzbank inched up 0.20%.
In Italy, Intesa Sanpaolo as well as Unicredit dived respectively 0.78% and 0.85%. At the same time Spanish financial institutions BBVA and Banco Santander tacked on respectively 0.06% and 0.66%.
FTSE 100 went down 0.09% in London, suppressed by Dixons Carphone – the company’s stocks edged down 1.79%.
Financial stocks contributed to losses. Lloyds Banking dived 0.06%, the Royal Bank of Scotland sagged 0.40%, HSBC Holdings dipped 0.79%, Barclays descended 0.96%.
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 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.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.