What will move the market on October 18-22?
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 stocks are intact in muted trade with China, Britain and US closed
On Monday, European equities stood still because stock markets were unavailable for holidays in Great Britain, China and America.
The Euro Stoxx 50 inched up 0.12%, French CAC 40 acquired 0.03% and while German DAX 30 jumped 0.09%.
The common currency grew 0.02% versus the greenback, while the greenback sagged 0.25% versus the pound.
With the London Stock Exchange unavailable for a holiday, Madrid-listed stocks of BA’s parent company IAG went down 3%.
Meanwhile, crude swung between losses and revenues in EU trading on Monday because the market weighed ascending American drilling versus efforts by key producers to drop output to tame a global glut.
On Friday, data from energy services company Baker Hughes revealed that American drillers added rigs for the 19th week in a row, which appears to be the longest streak on record. It feels like further profits in domestic output are ahead.
Similar
What to expect from Microsoft event?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Apple event surprised traders
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.
Latest news
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
