Google Makes a Discount for Traders
When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
European stocks start third quarter with sturdy revenues
On Monday, European stocks started the fresh quarter with firm profits and Asian stocks kept to two-year profits, while the US dollar leapt from nine-month minimums as American Treasury yields reached their highest value since mid-May.
Crude prices edged down because American drilling activity dipped for the first time since January, although revenues were capped after a Reuters poll, which showed that last month OPEC output reached its year’s peak.
The pan-European STOXX 600 index that experienced its biggest month loss in 2017 on concerns over tightening monetary conditions, inched up 0.7% in early trade, driven by banks as well as basic resources firms.
France's CAC 40 index tacked on 0.8%, Spain's IBEX gained 0.9%, Italy's FTSE MIB surged 1%, while Britain's main benchmark FTSE 100 index leapt 0.3%.
Outside Japan MSCI's broadest index of Asia-Pacific stocks stood still, keeping to a stone's throw of a two-year high reached the previous week.
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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.
