Economic calendar: Powell's speech in the spotlight

European indices set for slightly lower opening
Fed Powell and ECB Lagarde to deliver speeches today

European stock market indices are set for a slightly lower opening today. This is a response to a downbeat trading on Wall Street yesterday and in Asia-Pacific earlier today.

Jackson Hole Economic Symposium is the main event of the day. While it was launched yesterday, key speeches will be delivered today. Those include a speech from Fed Chair Powell at 3:05 pm BST and speech from ECB President Lagarde at 8:00 pm BST.

When it comes to economic releases, traders will be offered German IFO index for August at 9:00 am BST as well as a revision of University of Michigan index for August. Speaking of revisions. Revised German Q2 GDP report was released today at 7:00 am BST but it offered no surprises. On a quarterly basis, stagnation was confirmed (0.0% QoQ). On an annual basis, the German economy contracted 0.6%.

9:00 am BST - Germany, IFO index for August. Expected: 86.7. Previous: 87.3

3:00 pm BST - US, University of Michigan index for August (final). First release: 71.2

Central bankers' speeches

3:05 pm BST - Fed Chair Powell
4:00 pm BST - Fed Harker
4:30 pm BST - Fed Harker
4:30 pm BST - Fed Mester
5:30 pm BST - Fed Goolsbee
7:00 pm BST - Fed Goolsbee
7:30 pm BST - Fed Mester
8:00 pm BST - ECB President Lagarde

11 May 2026, 7:55 AM

What to look out for this week❓

11 May 2026, 6:40 AM

Morning Wrap: Iran's peace proposal “UNACCEPTABLE”; markets take a hit ❗💥

8 May 2026, 1:30 PM

BREAKING: US Labor Market Stronger Than Expected, While Wage Pressure Eases. EURUSD gains!🚨

8 May 2026, 11:59 AM

📈 EURUSD up 0.4% before the NFP

Economic reports

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days