Inflation and GDP in the Eurozone: 5 Key Factors this Friday on the Stock Market
2022.04.29 09:52
By Laura Sanchez
Investing.com – Today, investors focus on important macro data, such as eurozone inflation and GDP in different European countries.
We will also keep an eye on the corporate earnings season.
Oil is trading higher.
Cryptocurrencies are mixed this morning.
Here are the five factors that investors should consider when making their decisions today:
1. CPI and GDP data in Europe
This Friday we will get the inflation data for the eurozone. An increase of 7.5% is expected.
We will also follow GDP data from Spain, Italy, France, Portugal, Germany and the eurozone.
2. Corporate results
The corporate earnings season continues. Today Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX) and AstraZeneca (NASDAQ:AZN), among others, present their quarterly figures.
3. Cryptos hold their ground
The cryptocurrency sector is trading mixed today. Bitcoin is trading at 39,000 dollars and Ethereum at 2,900.
4. Asia and the American stock market
Positive signs today in the main Asian indices. Nikkei is up 1.7%. Hong Kong’s Hang Seng is up 3.8% and the Shanghai Composite is up 2.3%.
On Wall Street, the market closed in the green yesterday as well. The S&P 500 (2.4%), NASDAQ Composite (3%) and Dow Jones (1.8%) closed higher.
5. Macroeconomic data
Key macroeconomic releases include France’s consumer spending, Germany’s import price index, Spain’s current account and Private Sector Loans in the eurozone.
In the US, the University of Michigan consumer confidence and the Baker Hughes oil rig count will be released.
Follow the day’s events on our economic calendar: https://uk.investing.com/economic-calendar/
