By Laura Sanchez
Investing.com - The Bucha massacre in Ukraine increases pressure on the European Union to impose new sanctions on Russia.
Investors will be watching closely today as several FOMC members speak today, ahead of the minutes of the Fed's latest monetary policy meeting to be released tomorrow.
We will also see a batch of composite and services PMI's in several Eurozone countries.
Oil prices are higher this morning.
Cryptocurrencies are also trading higher.
Here are the five factors that investors should take into account when making their decisions today:
1. More pressure on the EU to impose sanctions against Russia
While some countries, including Germany, continue to argue that possible measures should not affect the energy sector, Russia's atrocities in Bucha in Ukraine increase pressure on the EU to impose new sanctions.
2. Australia keeps interest rates unchanged
The Australian Central Bank decided on Tuesday to keep interest rates unchanged at 0.10%.
3. Crypto on the rise
The cryptocurrency sector is trading in the green on Tuesday. Bitcoin is trading at $46,000 and Ethereum at $3,500.
4. Asia and the US stock market
Positive signs today in the main Asian indices. Nikkei is up 0.1%. Hong Kong's Hang Seng and the Shanghai Composite remain closed for public holidays.
On Wall Street, the market ended yesterday in the green. The S&P 500 (0.8%), Nasdaq (1.9%) and Dow Jones (0.3%) closed higher.
5. Macroeconomic data
The main macroeconomic releases include a set of composite and services PMIs in Spain, France, Italy, Germany, the UK, the Eurozone and the US.
In the US we will also hear about exports, imports and trade balance, weekly API crude oil stocks and several FOMC members will speak.
Follow the day's events on our economic calendar: https://ca.investing.com/economic-calendar/