Markets looking for 4 answers. What can shake world stock markets?

The markets today began trading under the banner of at least 4 questions, the answers to which could shake the world stock markets not only today, but in the coming weeks.
ECB, Fed, China, Japan are the undisputed protagonists of the global economic and financial scenario and it is precisely these crucial players that weigh on some key questions for investors around the world.
While waiting for answers that can offer details on the direction of the markets, the day begins with these 4 questions to monitor carefully.
1.
What will the ECB decide? Today's ECB meeting will offer valuable clues on the monetary policy path of the coming months and could announce important news on the first rate cut.
Analysts, in fact, all agree in predicting that nothing will change today, with the cost of money destined to remain stationary at 4.5%.
The spotlight is quite bright on Lagarde's press conference: will the governor's tone be less prudent and vague on the path to rate cuts? Much will also depend on the economic projections that will be updated.
Estimates will probably be downwards for growth and inflation.
In this context, the decrease in the cost of financing could find its way in the summer, as the markets are discounting.
read also ECB meeting today: what to expect? Lagarde's waiting forecasts – LIVE 2.
How many rate cuts from the Fed in 2024? Federal Reserve Bank of Minneapolis President Neel Kashkari said he expects the Fed to cut interest rates twice – or potentially just once – in 2024.
When policymakers last released rate forecasts in December , Kashkari aevav said he expected two rate cuts this year.
Speaking at an event hosted by the Wall Street Journal on Wednesday, he said he expects his forecasts to show the same number of decreases “or potentially one fewer” when Fed officials present new projections at their March 19-20 meeting.
3.
Is global trade coming back? China's export and import growth in January-February beat forecasts, suggesting global trade is recovering.
The signal is encouraging for Chinese policymakers who are trying to support the flagging economy.
China's improving export data joins those of South Korea, Germany and Taiwan, which saw their shipments beat expectations in the first two months of the year, with Asian economies benefiting from a surge in exports.
demand for semiconductors.
“We are seeing an increase in global demand, driven by stronger manufacturing activity in the United States,” said Carlos Casanova, senior economist for Asia at Union Bancaire Privee in Hong Kong.
“Although stronger demand will not offset domestic pressures on the real estate slowdown, it will no longer be a problem in 2024” for China.
read also China has announced its goals for 2024.
Where will the dragon arrive? However, there are longer-term concerns for China, including “the diversification of global supply chains amid rising geopolitical tensions, which could weigh on China's export market share,” said Greater China Economist Michelle Lam at Societe Generale SA.
4.
Japan raises rates? The yen rose to one-month highs, Japanese bank shares rose and government bonds fell as wage data and remarks from a Bank of Japan board member fueled speculation that the central bank will raise rates.
interest rates this month.
Japanese wage growth accelerated to the fastest pace since June as the BOJ closely watches whether rising wages stoke inflation.
Meanwhile, several government officials are advocating a near-term rate hike, according to Bloomberg reports, and central bank board member Junko Nakagawa said the nation's economy is making steady progress toward its rate target.
2% set by the authority.