Tuesday, November 5, 2024

5 Keys This Wednesday by Investing.com

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© Reuters.

By Laura Sanchez

Investing.com – The Reserve Bank of New Zealand raised interest rates by a more than expected 0.50% today.

We will also learn about composite and services PMIs in various European countries.

He trades more.

Cryptocurrencies are moving higher this morning.

Here are five factors investors should take into account when making their decisions today:

1. New Zealand raised rates by 0.50%

This morning the Reserve Bank of New Zealand raised its rate by 50 basis points from 4.75% to 5.25%, 25 bp above the estimate. Australia yesterday. The market continues to debate whether the time has come to suspend the rate of inflation.

2. Composite and Services PMI in Europe and America

A battery of composite and services PMIs were released this Wednesday, , , and the .

We also know this data in

3. Crypto, on the rise; Coffee below

The cryptocurrency industry continues to rise. He is listed at $28,000 and $1,900.

Pay attention to coffee prices in the US these days. Today it is hovering around 175 dollars.

4. Asia and US stock market

Negative index today in major Asian indices. 1.6% decline, and Hong Kong and closed for the holiday.

As for Wall Street, the market also ended in the red yesterday. The S&P 500 (-0.58%), (-0.52%) and (-0.59%) stood out.

5. Macro data

In macroeconomic notes in Europe, industrial production and , and .

In the United States we know , and , as well as .

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