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 start higher on Greek bailout news
On Friday, European shares started higher, reacting to news of fresh bailout funds for Greece, while market participants were monitoring Sunday’s round of the French parliamentary elections.
During European morning trade, the EURO STOXX 50 managed to gain 0.40%, Germany’s DAX 30 jumped 0.36% and France’s CAC 40 grew 0.76%.
European equities surged right after the International Monetary Fund along with the euro zone's 19 finance ministers supported a payout of €8.5 billion to Greece just to prevent another debt meltdown.
However, the IMF told that it’s not going to disburse the money until the euro zone illustrates debt relief measures, which aren’t expected until 2018.
Besides this, this Sunday French President Emmanuel Macron is braced for grasping a persuasive majority in the second round of the parliamentary election.
The FTSE 100 managed to soar 0.34% in London, underpinned by Tesco. Its stocks went up 0.97% after saying first-quarter sales surge beat analysts’ hopes.
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 Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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.