Your current location is:{Current column} >>Text
The 'Panic Effect' is Back: 5 Key Factors for Thursday's Markets By
{Current column}33People have watched
Introduction© Reuters. By Laura Sanchez- Fears of a recession and the fall of the Nasdaq dragged down the r ...

By Laura Sanchez
- Fears of a recession and the fall of the Nasdaq dragged down the rest of the US indices yesterday, which in turn dragged down Asian markets this morning. Europe reacts in tandem.
Corporate earnings season continues.
Oil prices are higher.
Cryptocurrencies fall this morning.
These are the five factors investors should consider when making their decisions today:
1. The 'panic effect' turns the markets red
Fear returns to the stock markets, after yesterday's sharp fall on Wall Street due to the collapse of technology companies and fears of recession. Morgan Stanley raises this probability from 5% to 27%.
2. ECB minutes; De Guindos speaks
This Thursday we will be watching the minutes of the European Central Bank's latest monetary policy meeting, which will be released at 07:30 am ET (1130 GMT). Luis de Guindos, Vice President of the European Central Bank, will also appear at 08:30 am ET (1230 GMT).
The focus remains on the more than likely interest rate hike in the July meeting.
3. Cryptocurrencies on the decline
The cryptocurrency sector continues to fall, along with the stock market, and has yet to recover from the heavy losses suffered last week after the collapse of Terra (LUNA). Bitcoin is trading at $29,000 and Ethereum at $1,900.
4. Asia and U.S. markets
The main Asian indices are negative today. Nikkei fell by 1.7%. Hong Kong's Hang Seng is down 2.2% and the Shanghai Composite is flat.
On Wall Street, the market also ended yesterday in the red. The S&P 500 (-4%), Nasdaq (-4.7%) and Dow Jones (-3.6%) closed down.
5. Macroeconomic data
The main macroeconomic references in Europe include the construction sector production and the current account in the eurozone.
In the US we will see new jobless claims, existing home sales and Natural Gas Storage.
Follow the day's events on our economic calendar: https://uk.forextrustindex.com/economic-calendar/
Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!Tags:
Related articles
U.S. stocks are rising after strong reports from Microsoft, Boeing By
{Current column}-- U.S. stocks were rising, boosted by technology stocks after Microsoft beat expectations.At 11:49 ...
Read moreAsian stocks rise amid US inflation cheer; China lags ahead of key earnings By
{Current column}-- Most Asian stocks rose on Wednesday, tracking overnight gains on Wall Street as a soft producer i ...
Read moreUS CPI preview: Heading lower By
{Current column}Core CPI is expected to show a modest increase in July but remain subdued overall, reflecting the on ...
Read more
Popular Articles
- Foreign states seek Sudan evacuations after US pulls out diplomats By Reuters
- Warner Bros Discovery shares slide 10% on $9.1B networks unit write
- Russia fighting intense battles against major Ukrainian incursion By Reuters
- Trump holds 1% lead over Harris
- Chinese imports slide more than expected in April, exports rise By
- Bank of Japan's Dove Uchida Sparks Yen Speculation: Will Carry Trades Make a Comeback?
Latest articles
-
U.S. crude stocks down 4M barrels last week, fuel demand mixed
-
US stock index futures flat ahead of key CPI data release By
-
STOXX 600 falls 1% as tech stocks, gloomy Asia sentiment weigh By Reuters
-
Oil prices ease as supply intact amid Middle East conflict fears By Reuters
-
Dominion Energy, National Grid pursuing pipeline sales
-
US futures, jobless claims, Apple