When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
European stocks decline as banks dip
On Monday, European shares went down because an early boost from energy stocks faded. Meanwhile, banks headed south too, affected by Spain's Banco Popular on worries that it could be wound down.
The STOXX 600 decreased 0.15%, with activity tamed by a public holiday in the region. At the same time the UK’s FTSE that reached a new record peak on Friday, slumped 0.3%.
Crude oil prices edged up 1% before paring revenues after top exporter Saudi Arabia as well as other Arab states suddenly cut ties with Qatar, accusing this country of backing terrorism.
Stocks in BP and Royal Dutch Shell went up moderately, while Italy's Eni sagged 0.3% and France's Total lost 0.2%.
The German as well as some other European stock markets were unavailable due to a public holiday.
Banks turned to be the biggest drag to the STOXX index with Banco Popular losing 18% and tumbling to new record minimums on worries that it could be wound down if it fails to find a buyer.
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.