The Fed continues to make its mark: 5 key factors on Friday's stock markets

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The Fed continues to make its mark: 5 key factors on Friday's stock markets
Credit: © Reuters.

By Laura Sanchez

Investing.com - Wall Street continues to struggle since the last US Federal Reserve (Fed) meeting on Wednesday. Technology companies are once again the worst performers.

Corporate earnings season continues.

Cryptocurrencies are up this morning.

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

1. Wall Street continues to succumb to the Fed.

Despite the European recovery, Wall Street continues to succumb to Powell's words last Wednesday. Yesterday the American market closed in the red again and there are already experts who predict that we could see more than 4 interest rate hikes this year.

2. Corporate results

The corporate earnings season continues. Today, Caixabank (MC: CABK ), Caterpillar (NYSE: CAT ), Volvo (ST: VOLVb ), H&M, among others, present their figures.

3. Cryptocurrencies recover their positions

The cryptocurrency sector is back on the upswing. Bitcoin is trading at 37,000 dollars and Ethereum at 2,400.

4. Asia and the American stock market

The main Asian indices are mixed today. Nikkei is up 2%, Hong Kong's Hang Seng is down 0.9% and the Shanghai Composite is up 0.1%.

On Wall Street, the market ended yesterday in the red. The S&P 500 (-0.5%), Nasdaq (-1.4%) and Dow Jones (-0.02%) closed lower.

5. Macroeconomic data

Key macroeconomic releases include Germany's import price index , France and Italy's PPI , Spain and Germany's GDP , as well as private lending , business climate and consumer confidence in the Euro zone.

In the US we will see consumer confidence at the University of Michigan and the number of oil rigs, Baker Hughes .

 

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