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?
Wall Street futures go down on American government shutdown
On Monday, Wall Street stock futures along with the evergreen buck pulled back a bit after the American authorities had to shut down amid a fierce dispute between Democrats and Donald Trump over immigration.
However, Asian equities were still resilient, while American bond yields keep soaring because market participants saw minor economic fallout from the standoff in Washington.
European stock futures are generally starting higher. Dax futures added 0.2%, while France's CAC headed north 0.05%. In Great Britain FTSE declined 0.1%.
MSCI's index of Asia-Pacific equities erased modest losses just to eke out revenues of 0.15%, reaching a record maximum for six days in a row. As for Japan's Nikkei, it gained 0.03 point.
American S&P500 mini futures slumped 0.1%, still keeping to a record maximum reached on Friday.
Meanwhile, US Treasuries yields have managed to inch up notwithstanding the government shutdown, contributing to their long-lasting ascend since September.
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.