By Laura Sanchez
Investing.com – The markets will once again be watching Fed Chairman Jerome Powell today. He is not expected to bring anything new beyond what he said yesterday.
The Fed’s bank stress tests will be published.
There is also the EU Leaders Summit.
Oil prices fall.
Cryptocurrencies move lower this morning.
These are the five factors that investors should take into account when making their decisions today:
1. Powell speaks again; Fed stress tests
This Thursday Jerome Powell, chairman of the US Federal Reserve (Fed), is set to appear before the House Financial Services Committee.
In addition, the Fed will publish the results of its bank stress tests.
2. EU Leaders Summit
The European Union holds its leaders’ summit where the main agenda will be the economic situation, high inflation, the upcoming interest rate hike of the European Central Bank (ECB), and the forecasts of some experts about a probable recession.
3. Crypto stagnant
4. Asia and the U.S. stock market
5. Macroeconomic data
Among the main macroeconomic references in Europe, the ECB economic bulletin, and a series of manufacturing, composite and services PMIs in France, Germany, the UK, and the Euro zone will be released.
Follow the day’s events on our economic calendar: https://uk.investing.com/economic-calendar/
Powell, Stress Test, EU Leaders Summit: 5 Keys Things to Watch this Thursday