Economic calendar: Powell speech in the spotlight

• European stocks set for more or less flat opening of session today

• Powell to speak at Fed's Jackson Hole meeting

• US data pack for July

Futures markets point to a more or less flat opening of the European session. The big event of the week - Fed's economic symposium at Jackson Hole - will be held today. Meeting will be launched at 2:00 pm BST but a key speech - speech from Chairman Powell - will be delivered at 3:00 pm BST. However, as the event will be held fully virtually, markets are expecting a balanced message and lack of major announcements. Moreover, the event will not be attended by any central bank chief, other than Powell.

Apart from Jackson Hole, US data pack at 1:30 pm BST, including PCE inflation, may trigger some short-term swings on the US dollar market.

1:30 pm BST - US, data pack for July.

• Core PCE inflation for. Expected: 3.6% MoM. Previous: 3.5% MoM

• Personal income. Expected: 0.2% MoM. Previous: 0.1% MoM

• Personal spending. Expected: 0.3% MoM. Previous: 1.0% MoM

3:00 pm BST - US, University of Michigan consumer sentiment for August (final). First release: 70.2

3:00 pm BST - Powell speaks at Jackson Hole symposium

US earnings reports

• Big Lots (BIG.US) - before market open