When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
European shares go down ahead of risk events
On Tuesday, European shares traded lower because market participants opted for a risk-off stance amid ongoing global uncertainty.
The benchmark Euro Stoxx 50 went down 0.56%, Germany’s DAX 30 slumped 0.44%, France’s CAC 40 decreased 0.33%.
In the European Union market players were quite cautious ahead of UK elections as well as the monetary policy decision by the ECB.
In Great Britain surveys widely expect the Conservative Party to outperform Labor, though some outlier polls point to the narrowing lead.
Additionally, crude prices kept moving down on worries that a diplomatic clash between Qatar and a number of Arab states including Saudi Arabia could ruin efforts by OPEC to tighten the crude market.
In the EU, energy stocks were mixed. French crude and gas major Total SA tumbled 0.11%, Italy’s ENI added 1.36%, while Norwegian counterpart Statoil acquired 0.34%.
Britain’s FTSE 100 went down 0.29% because mining stocks applied downward pressure on the commodity-heavy index.
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.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
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.