The Fed, hazy; today, quarterly GDP: 5 highlights for the stock market on Thursday

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The Fed, hazy; today, quarterly GDP: 5 highlights for the stock market on Thursday
Credit: © Reuters.

By Laura Sanchez

Investing.com - Jerome Powell, chairman of the US Federal Reserve (Fed) announced yesterday that a US interest rate hike would be "soon", but without specifying a date. However, the consensus still expects this to be in March.

US quarterly GDP will be released today.

The corporate earnings season continues.

Cryptocurrencies fall this morning.

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

1. The Fed, fuzzy; today, US quarterly GDP.

There were two options: The first was for Powell to be categorical and specifically announce that the rate hike would be at the Fed's meeting next March. The second option was for him not to make it clear. And the Fed chairman opted for the second.

However, he did announce that balance sheet reduction will begin when rates are raised.

Today, the macro focus is on quarterly GDP in the United States. It is expected to increase by 5.5%.

2. Corporate results

The corporate earnings season continues. Today, Apple , Visa , Mastercard and McDonald's , among others, present their figures.

3. A new crypto standstill

The cryptocurrency sector halts its bullish streak. Bitcoin is trading at 35,000 dollars and Ethereum at 2,300.

4. Asia and the American stock market

The main Asian indices are negative today. Nikkei fell 3.1%, Hong Kong's Hang Seng dropped 2.6% and the Shanghai Composite lost 1.1%.

On Wall Street, the market ended yesterday mixed. The S&P 500 (-0.1%), Nasdaq (+0.02%) and Dow Jones (-0.3%) closed lower.

5. Macroeconomic data

Among the main macroeconomic references, the Gfk consumer sentiment index in Germany, the unemployment rate in Spain and industrial sales in Italy will stand out.

In the US, we will see new jobless claims and natural gas reserves .

South Africa's Interest rate decision , PPI

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