5 Factors to Follow in the Markets Today By Investing.com

5 Factors to Follow in the Markets Today By Investing.com
5 Factors to Follow in the Markets Today By Investing.com

© Reuters

Investing.com – The Biden administration failed on Monday to approve the necessary measures to extend the debt ceiling in the country, which expires this week. During the day, many ECB and Fed members will still speak, while in the United Kingdom the consequences are beginning to be felt on the real economy.

These are the five most important factors that investors will follow in the markets:

1. USA: problems with debt

The United States Senate failed to pass the federal debt ceiling suspension bill, aimed at avoiding the arrest of the federal government, due to the lack of support in the House by the Republicans.

The so-called “debt ceiling,” which expires this week, threatens to destabilize the US economy as it would freeze the federal entity’s assets and related compensation.

2. Brexit is starting to make itself felt

The British government has set the military in motion to deal with a supply chain crisis, which has dried up petrol stations and led to a situation of “panic-buying” among consumers.

The military mobilization comes following a widespread shortage of truckers, which has caused severe supply problems for retailers and restaurants in recent months, as well as preventing abundant fuel reserves from reaching service stations, Reuters reports.

3. Powell, Lagarde and other central bankers

Also this Tuesday we will be alert to the statements of various members of the central banks. On the ECB side, Christine Lagarde, Luis de Guindos, Fabio Panetta and Isabel Schnabel speak, while Jerome Powell, Michelle Bowman, Raphael Bostic and Charles Evans will speak from the United States.

4. Asian and American stock exchange

Contrasting sign on the main Asian indices. Hong Kong fell 0.3%, Hong Kong rose 1.1%, while Hong Kong fell 0.5%.

The same trend for Wall Street, with closures of (-0.2%), (-0.5%) and (0.2%).

5. Macro data

On Tuesday’s macroeconomic agenda, consumer confidence in Germany and France stand out. In the United States, wholesale inventories and retail sales i will be disclosed.

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