🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Markets: Fighting for Recovery - 5 Highlights This Friday

Published 27/05/2022, 07:42
© Reuters.
US500
-
DJI
-
JP225
-
HK50
-
DELL
-
IXIC
-
SSEC
-
CGC
-
BTC/USD
-
ETH/USD
-
PDD
-

By Laura Sanchez

Investing.com - Markets are trying to recover, following rallies in Asia and Wall Street, with economic data and central bank strategies in focus.

Corporate earnings season continues.

Oil prices rise.

Cryptocurrencies trade lower this morning.

Here are the five factors investors should consider when making their decisions today:

1. Markets: Weekly recovery

Markets are trying to recover this Friday, in a new week marked by volatility. The focus remains on macroeconomic data and central banks.

2. Corporate results

The corporate earnings season continues. Today, Pinduoduo (NASDAQ:PDD), Dell Technologies (NYSE:DELL) and Canopy Growth (NASDAQ:CGC), among others, report their figures.

3. Cryptos in the doldrums

The cryptocurrency sector is trading mixed this morning, with all major assets down. Bitcoin is trading at around $28,000 and Ethereum at around $1,700.

4. Asian and the American stock markets

Positive signs today in the main Asian indices. Nikkei is up 0.6%. Hong Kong's Hang Seng is up 2.6% and the Shanghai Composite is up 0.5%.

On Wall Street, the market also ended yesterday in the green. The S&P 500 (1.9%), Nasdaq (2.6%) and Dow Jones (1.6%) closed higher.

5. Macroeconomic data

The main macroeconomic releases in Europe include Spain's retail sales, Italy's non-EU trade balance and private lending in the Euro zone.

In the US, we will see personal spending, personal income, and consumer confidence from the University of Michigan.

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.