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Banking sector, earning results, commodities: 5 things to watch this Wednesday

Published 09/08/2023, 07:10
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Investing.com - Today we are once again looking at European banks.

The corporate earnings season is slowly coming to an end.

The Brent falls.

Cryptocurrencies move higher this morning.

Here are the five things investors should watch to make their decisions today:

1. Keep an eye on banks
Investors are keeping an eye on the European banking sector on Wednesday, following yesterday's 2.5% average loss on Italy's approval of a 40% tax on profits.

2. Corporate earnings
The corporate earnings season is in full swing. Today Walt Disney (NYSE:DIS), E.ON (ETR:EONGn), Honda (TYO:7267), The Trade Desk (NASDAQ:TTD), among others.

3. Crypto on the rise, coffee on the fall
The cryptocurrency sector rises this morning. The Bitcoin is trading at $29,000 and Ethereum at $1,800.

Watch out also for the U.S. coffee price these days. Today it is trading at $161.

4. Asia and US stock markets
Negative sign today in the main Asian indices. The Nikkei is down 0.3%, Hong Kong's Hang Seng loses 0.1% and the Shanghai Composite is down 0.3%.

On the Wall Street, the market also ended yesterday in the red. Highlights include the closes of the S&P 500 (-0.4%), Nasdaq (-0.7%) and Dow Jones (-0.4%).

5. Macroeconomic data
Among the macroeconomic references in Europe, the {consumer confidence in Spain, as well as the trade balance and the unemployment rate in Portugal will stand out.

In the US, the IEA's {oil inventories crude oil 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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