Please try another search
© Reuters.
By Laura Sanchez
Investing.com - Fears of a recession and the fall of the Nasdaq dragged down the rest of the US indices yesterday, which in turn dragged down Asian markets this morning. Europe reacts in tandem.
Corporate earnings season continues.
Oil prices are higher.
Cryptocurrencies fall this morning.
These are the five factors investors should consider when making their decisions today:
1. The 'panic effect' turns the markets red
Fear returns to the stock markets, after yesterday's sharp fall on Wall Street due to the collapse of technology companies and fears of recession. Morgan Stanley raises this probability from 5% to 27%.
2. ECB minutes; De Guindos speaks
This Thursday we will be watching the minutes of the European Central Bank's latest monetary policy meeting, which will be released at 07:30 am ET (1130 GMT). Luis de Guindos, Vice President of the European Central Bank, will also appear at 08:30 am ET (1230 GMT).
The focus remains on the more than likely interest rate hike in the July meeting.
3. Cryptocurrencies on the decline
The cryptocurrency sector continues to fall, along with the stock market, and has yet to recover from the heavy losses suffered last week after the collapse of Terra (LUNA). Bitcoin is trading at $29,000 and Ethereum at $1,900.
4. Asia and U.S. markets
The main Asian indices are negative today. Nikkei fell by 1.7%. Hong Kong's Hang Seng is down 2.2% and the Shanghai Composite is flat.
On Wall Street, the market also ended yesterday in the red. The S&P 500 (-4%), Nasdaq (-4.7%) and Dow Jones (-3.6%) closed down.
5. Macroeconomic data
The main macroeconomic references in Europe include the construction sector production and the current account in the eurozone.
In the US we will see new jobless claims, existing home sales and Natural Gas Storage.
Follow the day's events on our economic calendar: https://uk.investing.com/economic-calendar/
By Chris Taylor NEW YORK (Reuters) - If you are having trouble keeping track of all the consumer boycotts swirling around, you are not alone. A quarter of Americans are...
WELLINGTON (Reuters) - New Zealand's Reserve Bank Chief Economist Paul Conway said in a speech released on Thursday that the dynamics in the New Zealand housing market are likely...
By Xie Yu HONG KONG (Reuters) - The latest easing of coronavirus travel rules combined with other encouraging policy signals have began luring some foreign investors back to...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.