Economic calendar: Stocks gain at start of a busy week

7:49 AM 24 August 2020
  • Equities gain, US500 above 3,400 pts

  • Fed's Jackson Hole meeting later in the week

  • GDP reports from Canada, Germany and the United States

Risk-on moods can be spotted on the global financial markets with the US500 index jumping above 3,400 pts for the first time in history. Sentiment may dominate today's trading as the economic calendar is empty. There aren't any market moving events scheduled for today. However, it does not mean the whole week will be like this. Jackson Hole symposium nad Powell's speech on Thursday are unquestionably the most awaited events this week. US central bank chief is expected to provide some details on the upcoming monetary policy framework review. Apart from that, EU and UK negotiators will hold another round of Brexit talks. Keep in mind that time to reach a deal is running out. Below we provide a list of key releases scheduled for this week

Tuesday

  • 7:00 am BST - Germany, Q2 GDP report (revision)

  • 9:00 am BST - Germany, ZEW index for August

Wednesday

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

  • 3:30 pm BST - DOE report on oil inventories

Thursday

  • 1:30 pm BST - US, Q2 GDP report (revision)

  • 2:10 pm BST - Powell speaks at Jackson Hole meeting

Friday

  • 1:30 pm BST - US, personal income and spending for July

  • 1:30 pm BST - Canada, Q2 GDP report

  • 3:00 pm BST - US, University of Michigan consumer sentiment

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