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European stocks set for more or less flat opening of session today
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Powell to speak at Fed's Jackson Hole meeting
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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.
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Core PCE inflation for. Expected: 3.6% MoM. Previous: 3.5% MoM
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Personal income. Expected: 0.2% MoM. Previous: 0.1% MoM
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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
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Big Lots (BIG.US) - before market open