Fed meeting begins; Lagarde speaks: 5 highlights this Tuesday

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Fed meeting begins; Lagarde speaks: 5 highlights this Tuesday
Credit: © Reuters.

By Laura Sánchez

Investing.com - Investors are already looking to the United States, to the US Federal Reserve (Fed) meeting, although the interest rate decision will not be known until tomorrow, Wednesday.

This Tuesday, Christine Lagarde, president of the European Central Bank (ECB), will appear at the meeting.

Oil prices fall this morning. Today, the Organization of the Petroleum Exporting Countries (OPEC) publishes its monthly report.

Cryptocurrencies trade mixed.

Here are the five factors investors should consider when making their decisions today:

1. Two-day Fed meeting begins; Lagarde (ECB) to speak

The Fed's two-day meeting begins today, although it is not until tomorrow that the body will announce its decision on interest rates, which are expected to rise.

Meanwhile, investors will be watching for ECB President Christine Lagarde to make an appearance at 5:15pm local time to see if she has anything new to say about the ECB's plans beyond what was announced last week.

2. OPEC monthly report

OPEC's monthly report is published on Tuesday, at a time when oil is at a record high due to the Russian invasion of Ukraine.

This morning, WTI crude is trading at 98 dollars and Brent at 102, both falling.

3. Cryptocurrencies are mixed

The cryptocurrency sector is trading mixed on Tuesday. Bitcoin is trading at $38,000 and Ethereum at $2,500.

4. Asia and the American stock market

The main Asian indices are mixed today. Nikkei is up 0.1%. Hong Kong's Hang Seng loses 5.8% and the Shanghai Composite is down 4.8%.

On Wall Street, the market ended yesterday in the green. The S&P 500 (0.6%), Nasdaq (0.7%) and Dow Jones (0.7%) closed higher.

5. Macroeconomic data

Among the main macroeconomic references, the evolution of unemployment in the UK, the wholesale price index and the ZEW Investor Confidence Index in Germany, the CPI in France and the investment confidence in the Euro zone will stand out.

In the US we will see PPI and the Redbook retail sales index .

South African markets closed in red yesterday, dragged down by technology sector stocks.

Follow the day's events on our economic calendar: https://za.investing.com/economic-calendar/

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