Economic calendar: Hard data from the United States

• Rally on stock markets slows

• US durable goods order for July

Rally on the global stock markets has eased recently as investors are becoming more cautious ahead of the Fed's Jackson Hole meeting tomorrow. Economic calendar is dominated by hard data from the United States today. There aren't any major releases scheduled for the European session.

1:30 pm BST - US, durable goods orders for July.

• Headline. Expected: 4.3% MoM. Previous: 7.6% MoM

• Ex-transportation. Expected: 2% MoM. Previous: 3.6% MoM

3:00 pm BST - DOE report on oil inventories.

• Oil inventories. Expected: -3.8 mb

• Gasoline inventories. Expected: -1.7 mb

• Distillate inventories. Expected: -1 mb

Asian session ahead

2:30 am BST - Australia, private investment for Q2.