Today the focus will be on US inflation data, one of the thermometers of the US Federal Reserve (Fed) – along with employment data – to measure the state of health of the US economy.
We will also be watching the Ecofin meeting.
Oil is trading with falls.
Cryptocurrencies move with rises this morning.
Here are the five factors that investors should consider today when making their decisions:
1. Inflation in the United States
At 13:30 Spanish time we will know the inflation data in the United States corresponding to the month of February. CPI growth of 6% is expected, four tenths less than the previous month.
2. Ecofin Meeting
The Economic and Financial Affairs Council (Ecofin) meets this Tuesday at 12:00 Spanish time. We will be watching whether they provide perspectives on the European economy.
3. Crypto and coffee, on the rise
The cryptocurrency sector continues to rise. The Bitcoin It is quoted at $ 24,000 and the Ethereum in the 1,600.
Also attentive to the price of coffee in the United States these days. Today it moves at 179 dollars.
4. Asia and the American stock market
Negative sign today in the main Asian indices. The Nikkei falls by 2.1%, the Hang Seng of Hong Kong loses 2.4% and the Shanghai Composite It leaves 0.7%.
As for Wall Street, the market ended yesterday mixed. The closures of the S&P 500 (-0.1%), NASDAQ (+0.4%) and Dow Jones (-0,2%).
5. Macro data
Among the macroeconomic references in Europe, the evolution of unemployment in the United Kingdom, the CPI of Spain and industrial production in Italy stand out.
In the United States we will know the xxx Redbook index of retail sales and weekly reserves of raw of the API.