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?
Financials get EU stocks off to sturdy start
On Monday, European shares leapt, with leading banks and utilities, as acquisitions and mergers rumbled on with some broker notes also backing individual stock moves.
The STOXX 600 gained 0.4%, soaring in concert with euro zone shares as well as blue-chips. Meanwhile, strong revenues in banks spurred the benchmarks, while basic resources showed poor performance.
Outside the key blue chips, British midcap construction support services company Carillion managed to grabbed investors’’ attention after a revenue warning and CEO exit sent its stocks dipping almost 40% in heavy volumes.
Carillion stocks appear to be among the most heavily shorted across the British market with hedge funds including Marshall Wace as well as Naya Capital announcing sizeable bearish bets, as FCA disclosure data states.
Meanwhile, Germany's DAX went up 0.6%, maintaining an edge over counterparts after both export as well as import figures were stronger than expected, with a bigger soar in exports contributing to the trade surplus of the EU’s key economy.
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 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.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.