- Major indexes in Europe rebound at the start of the cash session
- Decision on interest rates in Turkey
- US unemployment benefits and durable goods orders
- Agenda for this year's Jackson Hole symposium and official opening
After yesterday's incredibly good Nvidia results, which even exceeded the most optimistic expectations of analysts. Today promises to be optimistic, driven by this narrative and the upcoming Jackson Hole symposium. Investors are looking for signs from economists indicating the end of the interest rate hike cycle. The main indexes in Asia were up in the first half of the day, even over 2.0% for Chinese indexes. Markets at the European cash session also open higher, CFD contracts on the DAX are no exception, indicating gains of 0.35%.
Today's calendar is rather light. At 12:00 PM BST, investors will learn about the Turkish central bank's decision on interest rates. The consensus expects an increase from 17.5% to 20.0%. However, the most important event of the day is the official start of the Jackson Hole symposium. The agenda is to be published late, at 12:00 AM BST (7:00 PM ET). The main theme of this year's gathering is "Structural Shifts in the Global Economy", and the markets clearly expect monetary policy guidelines from banks and important declarations from participants.
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Open account Try demo Download mobile app Download mobile appDetailed calendar for the day:
12:00 PM BST - Turkey - Decision on interest rates:
- Expected increase by 2.50% to 20.00%, currently 17.50%
12:30 PM BST - ECB - Publication of the minutes from the last meeting
1:30 PM BST - USA:
- Unemployment benefits: Expected 240k; previously 239k
- Durable goods orders: Expected -4.1% m/m; previously 4.6% m/m
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