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 bounce back
On Tuesday, European stocks stepped higher because financial experts told that worries were abating over whether the Trump administration will be capable of pushing through pro-growth reforms in the world’s number one economy or not.
The Stoxx Europe 600 index SXXP edged up 0.3%, being worth 376.05, soaring after Monday’s sag of 0.4%.
On Monday, the pan-European benchmark edged down along with equities worldwide after a Republican overhaul of the American health care system fizzled, bolstering concerns over Trump’s other business-friendly plans.
Financial markets are calm today as Hussein Sayed, FXTM’s chief market strategist revealed in a note. US tax reform, infrastructure spending as well as deregulation turns to be less likely now, though traders are still giving Donald Trump the benefit of the doubt.
However, if they see these plans will face the same fate as the health care act, financial markets will soon get down to aggressive selling.
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 Federal Open Market Committee, a committee within the Federal Reserve, will reveal a detailed record of the central bank’s last meeting on July 6 at 21:00 MT.
The Reserve Bank of Australia will announce its cash rate and make a statement about future rate policy on Tuesday, July 5, at 07:30 MT.
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.