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Watch out for the ECB minutes: 5 key factors to watch out for on Thursday

Published 2022/01/20, 08:57
Updated 2022/01/20, 09:05
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By Laura Sanchez

Investing.com - Today we will hear the minutes of the latest European Central Bank (ECB) monetary policy meeting.

Corporate earnings season continues.

China cuts its prime lending rate.

Cryptocurrencies are trading higher.

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

1. ECB minutes

This Thursday, at 14.30 local time, the European Central Bank (ECB) will release the minutes of its latest monetary policy meeting. It will be interesting to know if the body says anything about the withdrawal of stimulus or gives any clues as to when it might start raising interest rates.

2. Corporate results

Investors are already looking ahead to the corporate earnings season that started last Friday. Today, Netflix (NASDAQ:NFLX), American Airlines (NASDAQ:AAL) and Bankinter, among others, report their figures.

3. Crypto on the rise

The cryptocurrency sector corrects upwards after a week of several days of falls. Bitcoin is trading at $41,000 and Ethereum at $3,100.

4. Asia and the American stock market

Positive signs today in the main Asian indices. Nikkei is up 1.1%, Hong Kong's Hang Seng is up 2.6% and the Shanghai Composite is flat.

On Wall Street, the market ended yesterday in the red. The S&P 500 (-0.9%), Nasdaq (-1.1%) and Dow Jones (-0.9%) closed lower.

5. Macroeconomic data

Among the main macroeconomic releases, the German PPI, the French business survey, the Spanish trade balance and the Euro zone CPI will be of note.

In the US we will see new jobless claims and crude oil inventories from the IEA.

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