Investing.com - Today we will be watching the European Central Bank (ECB) interest rate decision.
Cryptocurrencies are moving higher this morning.
Here are the five factors that investors should consider when making their decisions today:
1. ECB interest rate decision.
At 14:15 Spanish time the ECB will publish its interest rate decision. The market is debating between two options: one, that the body will opt for a pause in its rate hikes and keep rates unchanged. And two, that it will raise them by another 25 basis points.
We will be closely watching the communiqué and, above all, the press conference by Christine Lagarde, the organisation's president, at 14:45 Spanish time.
2. Volatility in oil prices
Oil prices remain volatile, both for WTI and Brent crude oil. After the OPEC and IEA reports, some experts believe that oil prices have not peaked and could rise another 5%-6% between now and the end of the year.
3. Cryptocurrencies and commodities
The cryptocurrency sector is trying to recover positions. The Bitcoin is trading at 26,000 dollars and Ethereum at 1,600.
Watch out also for the U.S. coffee price these days. Today it is trading at 151 dollars.
Gold futures gold futures are hovering around $1,930 today.
4. Asia and US stock markets
The main Asian indices are mixed today. The Nikkei is up 1.4%, Hong Kong's Hang Seng is down 0.3% and the Shanghai Composite is flat.
On Wall Street, the market also ended yesterday mixed. Highlights include the closes of the S&P 500 (+0.1%), Nasdaq (+0.2%) and Dow Jones (-0.2%).
5. Macroeconomic data
Among the macroeconomic references in Europe, the appearance of Andrea Enria, member of the ECB, stands out.
In the United States, the IPP and the new jobless claims will be released.
- Follow the day's events on our economic calendar: https://uk.investing.com/economic-calendar/
Translated from Spanish using DeepL.
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