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 shares are mixed after Paris attack
On Friday, European stocks demonstrated a mixed start, as market participants remained cautious after a recent terrorist attack in Paris and ahead of a string of euro zone data, not to mention Sunday’s highly anticipated first round in the French presidential election.
The EURO STOXX 50 sank 0.19%, Germany’s DAX 30 soared 0.09% and France’s CAC 40 lost 0.37%.
In Paris a French policeman was murdered and two others suffered injuries on Thursday night in an attack reportedly carried out by the Islamic State militant group.
Traders were monitoring the first round of the French presidential election due on Sunday. Recent surveys have predicted the most likely outcome to be far-right candidate Marine Le Pen against centrist Emmanuel Macron.
By the way, earlier on Friday, research group Markit told that Germany’s flash manufacturing purchasing managers’ index edged down to 58.2 in April from 58.3 last month, thus beating hopes for a drop to 58.0.
In London, the FTSE 100 jumped 0.09%, underpinned by steep profits in the mining sector.
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.