By Laura Sánchez
Investing.com – The markets today will be closely watching statements from Jerome Powell, Chairman of the US Federal Reserve (Fed), and Christine Lagarde, his counterpart at the European Central Bank (ECB).
We will also see quarterly GDP data from the eurozone.
The corporate earnings season continues.
Brent is trading lower.
Cryptocurrencies are mixed this morning.
Here are the five factors that investors should take into account when making their decisions today:
1. Appearances by Powell and Lagarde
In the midst of investors’ fears of a tightening of monetary policy by central banks, the market will be closely watching today the statements by Jerome Powell, Fed Chairman, scheduled for 02:00 pm ET (1800 GMT), and Christine Lagarde, President of the ECB, at 01:00 pm ET (1700 GMT).
Even though Powell has removed the possibility of a 75 basis point hike in the next meetings, the markets are not confident.
As for Lagarde, it remains to be seen whether a rate hike will be confirmed for the agency’s July meeting.
2. Quarterly GDP in the Eurozone
This Tuesday, at 05:00 am ET (0900 GMT), we will know the quarterly Gross Domestic Product (GDP) data for the eurozone. A rise of 5.0% is expected.
3. Crypto, mixed
4. Asia and the US stock market
5. Macro data
Follow the day’s events on our economic calendar: https://uk.investing.com/economic-calendar/
Watch Out for Powell and Lagarde: 5 Keys to the Stock Market on Tuesday