By Laura Sanchez
Investing.com - After the US CPI data failed to calm the market yesterday, today we are still awaiting important macro data, such as the monthly reports from OPEC and the IEA. We will see how this affects oil prices, which are trading lower this morning.
Corporate earnings season continues.
Cryptocurrencies continue to fall this morning, dragged down by Terra's (LUNA) sharp plunge.
Here are five factors for investors to consider when making their decisions today:
1. Doubtful markets after the CPI in the US
It was the macroeconomic event of the week. US inflation confirmed a correction in the trend of rising prices, but the figure was not what the markets were expecting, and although Europe remained in the green, it led to falls on Wall Street. This has brought back doubts among investors.
2. OPEC and IEA Monthly Report
In this volatile week for oil prices, investors are closely awaiting monthly reports from the Organisation of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA).
This morning, WTI crude is trading at $104 and Brent at $106.
3. Crypto panic effect
Terra (LUNA)'s recent slump is spreading to the cryptocurrency sector, which is moving today with sharp declines. Bitcoin is trading at $27,000 and Ethereum at $1,800.
4. Asia and the US stock market
The main Asian indices are negative today. Nikkei is down 1.6%. Hong Kong's Hang Seng falls 1.8% and the Shanghai Composite drops 0.2%.
On Wall Street, the market also ended yesterday in the red. The S&P 500 (-1.6%), Nasdaq (-3.1%) and Dow Jones (-1%) closed down.
5. Macro data
Key macroeconomic releases in Europe include quarterly GDP, industrial production and trade balance data from the UK.
In the United States, new claims for unemployment benefits will be announced.
Follow the day's events on our economic calendar: https://ca.investing.com/economic-calendar/