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5 things to watch this Tuesday: Australia rate hike, corporate earnings, macro data

Published 07/11/2023, 07:25
Updated 07/11/2023, 07:34
© Reuters.

Investing.com -

  • Australia has raised interest rates.
  • We also keep an eye on the corporate earnings season.
  • The Brent is down.
  • Cryptocurrencies are mixed this morning.

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

1. Australia raises interest rates.

Earlier this morning, we learned that Australia raised its interest rates by 25 basis points, from 4.10% to 4.35%. In this way, the country's central bank distances itself from the dovish strategy being implemented by the world's main central banks.

2. Corporate earnings

We enter the corporate earnings season. Today Gilead (NASDAQ:GILD), Uber (NYSE:UBER), UBS (SIX:UBSG) Group and Amadeus (BME:AMA), among others, present their figures.

3. Cryptocurrencies and commodities

The cryptocurrency sector remains at current levels. The Bitcoin is trading at 34,000 dollars and the Ethereum at 1,700.

Also keep an eye on the price of café de EE.UU. these days. Today it is trading at 173 dollars.

For its part, futuros del oro is currently trading at around 1,980 dollars.

4. Asia and the American stock market

The main Asian indices are negative today. The Nikkei falls 1.3%, the Hong Kong Hang Seng loses 1.4% and the Shanghai Composite drops 0.1%.

On Wall Street, the market ended yesterday in the green. Highlights were the closes of S&P 500 (+0.1%), Nasdaq (+0.3%) and Dow Jones (+0.1%).

5. Macroeconomic data

Among the macroeconomic references in Europe, the PPI of the Euro Zone, the industrial production of Spain and Germany, as well as the construction PMI of Italy, Germany, France and Eurozone stand out.

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In the US we will see exports, imports and balanza comercial, as well as Redbook retail sales index.

Translated from Spanish using DeepL.

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