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 inch up
On Thursday, European stocks started higher, reviving from recent losses reported after comments by the ECB. Additionally, financial markets monitored a preparatory gathering between Group of 20 heads of state.
The EURO STOXX 50 went up 0.22%, France’s CAC 40 gained 0.12%, Germany’s DAX 30 acquired 0.34%.
Financial markets were jittery after on Wednesday the ECB told that yesterday the market misunderstood remarks by President Mario Draghi.
Talking on Tuesday at the ECB’s forum Mario Draghi told that factors applying pressure on inflation in the euro area turned to be mostly temporary.
The remarks drove rumors that the European Central Bank could unwind its quantitative easing program in the nearer future.
Nokia Oyj stocks leapt 0.61%, reacting to reports that Nokia 3, Nokia 5, and Nokia 6 buyers are going to obtain free data from Vodafone as part of an alliance between the telecom operator as well as HMD Global, currently having rights to the Nokia mobile brand.
FTSE 100 inched up 0.63%, spurred by steep revenues in the mining sector.
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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
Post-Fed Releases for USD & CAD Traders
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
FED and BOE Make Another Attempt to Beat Inflation
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.
Will the UK and US Cope with Inflation?
Every week we expect many interesting events that can shake the market.
