When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Stocks in Asia sag led by financials
On Wednesday, Asian shares declined because dismal earnings overnight for Goldman Sachs carried over into bank as well as financial stocks in Asia.
In Japan, the Nikkei 225 went down 0.18%, while in Australia the S&P/ASX 200 lost 0.43%. As for Hong Kong's Hang Seng Index, it headed south 0.47%, the Shanghai Composite dropped 0.37%.
In Australia, Westpac Bank dipped 1.16%, Japan's Mitsubishi UFJ sagged 1.27%, while in Singapore DBS lost 1.16%.
Overnight, American equities closed lower, after weaker than expected earnings from Goldman Sachs along with ongoing geopolitical jitters suppressed market sentiment.
On Wall Street, the flight to safety trade continued, as market participants mulled over geopolitical tensions in North Korea, Russia and Syria, while British Prime Minister Theresa May shocked the financial markets by simply announcing her decision to call an early election.
Although British opinion surveys suggested PM Theresa May would considerably lift her parliamentary majority of 17 during the election, the decision to call an early election, after she told that the next general election would be held as scheduled in 2020, is quite risky.
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?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
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.