Economic calendar: Powell's speech in focus

Markets mixed ahead of European open
Powell to speak on economic outlook
US stimulus talks slowed down

Stock markets rallied yesterday when US President Donald Trump was discharged from hospital. Moods today are a bit more cautious with European futures pointing to a flat opening of the session. There is not much on the calendar today but investors will get a chance to hear Fed's chief Powell speak on the economic outlook.

Apart from that, traders should focus on news related to coronavirus actions after Paris decided to shut bars and impose additional restrictions on restaurants. US stimulus talks slowed down after Mnuchin invited Pelosi to the White House for talks and she rejected the invitation saying that Republicans do not follow Covid-19 protocols.

1:30 pm BST - US, trade balance for August. Expected: -$66.1 billion

1:30 pm BST - Canada, trade balance for August. Expected: -C$2 billion

3:30 pm BST - Powell's speech.

9:40 pm BST - API report on oil stocks. Expected: +0.4 mb

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Economic reports

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Economic calendar: Powell's speech in focus

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