Powell, Stress Test, EU Leaders Summit: 5 Keys Things to Watch this Thursday

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 will be published.

There is also the .

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

The cryptocurrency sector continues to be stagnant in the case of its main assets. is trading at $20,000 and at $1,000.

4. Asia and the U.S. stock market

Positive signs today in the main Asian indices. rose 0.1%. Hong Kong’s was up 1.3%, and the gained 1.6%.

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On Wall Street, the market ended yesterday in the red, almost flat. The (-0.13%), (-0.15%) and Jones (-0.15%) closed lower.

5. Macroeconomic data

Among the main macroeconomic references in Europe, the , and a series of manufacturing, composite and services PMIs in , , the , and the will be released.

In the US too, will be released, as well as storage data.

Follow the day’s events on our economic calendar: https://in.investing.com/economic-calendar/

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