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?
Stocks in Asia are mixed due to PMIs in China
On Thursday, Asian stocks demonstrated mixed performance, following manufacturing surveys, which revealed a revenue in Japan, though weaker views in China weighed on Asian shares.
Japan's Nikkei 225 added 0.87%, Australia's S&P/ASX 200 went down 0.05% in Asia and the Shanghai Composite decreased 0.42%.
In May, China's Caixin manufacturing showed 49.6, thus marking an 11-month minimum and heading for contraction as it missed an outcome of 50.1 observed.
On Thursday, Japan announced that its manufacturing PMI inched up to 53.1, thus beating an estimate of 52.0, which would have been intact with April.
Overnight, American shares closed lower, affected by a dip in financials and economic data indicating that a slowdown in inflation could potentially dampened the Fed’s outlook regarding longer-term rate lifts.
The Dow Jones Industrial Average concluded at 21,008.65, sliding 0.10%. as for the S&P 500, it closed nearly intact, while the Nasdaq Composite showed 6198.52, descending 0.08%.
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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.
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.