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?
French shares head for 2-year peak after Macron win
On Monday, French shares soared after centrist Emmanuel Macron managed to dominate the first round of voting in the French presidential election, thus easing concerns that two anti-European Union nominees would be in the final runoff.
The CAC 40 index PX1 ascended 3.7%, hitting 5,247.45, thus setting it on track for its biggest one-day percentage revenue since August 2015. If the French benchmark concludes Monday at that level, it’s going to show the strongest close since April 2015, as FactSet states.
Other European markets welcomed the French election outcome too, with the Stoxx Europe 600 SXXP leaping 1.8% and reaching 384.80.
Britain’s FTSE 100 index UKX managed to grow 1.4%, being worth 7,214.04. At the same time Germany’s DAX 30 index DAX gained 2.4%, showing 12,336.83.
The positive mood arose after on Sunday centrist Macron as well as far-right candidate Marine Le Pen came in respectively first and second in France’s presidential election, thus qualifying for the second round on May 7.
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 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.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.