
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?
On Thursday, European stocks ascended after the Fed decided to lift interest rates as expected and traders looked ahead to the Bank of England’s monetary policy verdict due later in the trading session.
During European morning trade, the EURO STOXX 50 ascended 0.95%, France’s CAC 40 grew 0.75% and Germany’s DAX 30 acquired 0.99%.
On Wednesday, at the end of its two-day policy gathering the major US bank lifted its interest rates by 25 basis points from 0.75% to 1.00% as expected.
Financial stocks traded mostly higher, as French lenders BNP Paribas as well as Societe Generale soared 1.78% and 2.23% respectively, while Germany’s Commerzbank and Deutsche Bank grew respectively 0.64% and 1.66%.
A for peripheral lenders, Italian Intesa Sanpaolo as well as Unicredit ascended respectively 1.04% and 1.81%, while Spanish banks Banco Santander and BBVA added 1.66% and 1.75%.
Apart from that, Deutsche Lufthansa AG stocks inched up 3.94% after the airline group posted a better-than-expected net revenues for 2016.
In London, FTSE 100 leapt 0.69%, backed by sharp profits in the mining sector.
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?
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.
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