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Markets: Fighting for Recovery - 5 Highlights This Friday

Published 05/27/2022, 02:42 PM
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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://ph.investing.com/economic-calendar/

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