Stock futures are on the rise on Wednesday morning, following a steep sell-off in the previous session. Investors are eagerly awaiting Federal Reserve Chairman Jerome Powell’s testimony to Congress later in the day. This comes as concerns about rising inflation and its potential impact on monetary policy continue to weigh on the markets.
Stock futures fell on Wednesday as investors awaited fresh inflation data later in the week. Concerns over rising prices and the impact on interest rates have weighed on market sentiment in recent days.
Investors are eagerly anticipating Tesla’s next move after a court ruling revoked CEO Elon Musk’s colossal $56 billion pay package. The Tesla board’s silence on the matter has left shareholders speculating about the company’s strategy moving forward.
EUR/USD, GBP/USD Await US Inflation
Currency traders will closely monitor the upcoming US inflation data to gauge the impact on the Euro and the Sterling. Both the EUR/USD and GBP/USD pairs have been waiting for a catalyst to break out of their recent trading ranges.
Bitcoin (BTC) has found a stable ground with its price hovering around the $43,000 mark. As anticipation for a Bitcoin exchange-traded fund (ETF) approval continues to grow, traders remain on edge, eagerly awaiting any news that could potentially catapult the cryptocurrency’s value even further.
