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?
US futures are intact with focus on crude, Trump's Asia tour
On Monday, American stock index futures didn’t change, reacting to a record-setting week because traders paid attention to President Donald Trump's Asia tour as well as crude prices that rallied to its highest value for two years after Saudi Arabia dared to crack down on corruption.
Saudi Arabia's future king suddenly tightened his grip on power. For this purpose he arrested royals, ministers as well as investors, including well-known billionaire Alwaleed bin Talal.
The given news powered fears of Middle Eastern money escaping global financial markets. By the way, a nephew of the king as well as owner of investment company Kingdom Holding, Prince Alwaleed has stakes in Citigroup and also Twitter.
Market participants also monitored Donald Trump's Asia tour. He’s on the second day of a 12-day tour, devoted to North Korea's nuclear missile programs as well as trade.
In October, American job surge accelerated, as the Labor Department told, although wages ascended at their slowest annual tempo in more than 1-1/2 years.
Stocks of Qualcomm gained 3.1%, Advanced Micro Devices grew 5.1%.
Additionally, Dow e-minis slid 0.08%, S&P 500 e-minis lost 0.03% and Nasdaq 100 e-minis gained 0.03%.
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.