In the week ahead, investors will be focusing on a speech by Federal Reserve head Jerome Powell at the central bank’s annual conference in Jackson Hole for insights on the future path of interest rates.
The speech could shake up markets. U.S. economic data will be in the spotlight as fears over the prospect of a recession linger. Meanwhile, PMI data out of the Eurozone and the UK is expected to point to further slowdowns in business activity.
Investors will be eagerly awaiting Jay Powell’s speech in Jackson Hole, Wyoming on Friday for possible answers about how high U.S. interest rates may go and how long they will need to stay at elevated levels to bring inflation back under control.
The economic calendar for the coming week features July figures on personal income and spending, which includes the personal consumption expenditures price index, the Fed’s preferred measure of inflation.
Europeans returning from their summer breaks will find a more fragile economy that risks buckling under the threats of energy rationing, record inflation, and tighter monetary policy.
Market watchers will also be looking at Thursday’s minutes of the European Central Bank’s July meeting for any insight on how large of a rate hike to expect in September after officials raised rates by 0.5% last month and flagged another increase at their upcoming meeting without committing on the size.
The UK is to publish PMI data on Tuesday which will be closely watched after the Bank of England warned earlier this month of a 15-month recession starting from the end of this year.
If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].
We are Errante. Trading made personal.
Errante is the trading name used by Notely Trading Ltd, an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number [383/20]. Errante is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.
Notely Trading Limited is an Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (CySec) under license number 383/20, registration number HE394425 and with registered office at 30 Karpenisiou, 1077 Nicosia, Cyprus. The Company is governed by the Markets of Financial Instruments Directive (MiFID II) of the European Union.
The website (www.errante.eu) is operated by Notely Trading Ltd.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 41.67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our Risk Disclosure.
Errante brand is authorised and regulated in other jurisdictions:
Errante Securities (Seychelles) Ltd (https://errante.com/) is regulated by the Seychelles Financial Services Authority (FSA) under license number SD038.
Errante is a Trademark owned by an entity of the Errante Group. All other trademarks that appear on this website are the property of their respective owners.
Regional Restrictions: Notely Trading Ltd currently provides its services on a cross-border basis within EEA states under the MiFID regime. We do not provide our services to residents of certain jurisdictions including, but not limited to, USA, Syria, Japan, North Korea, Iraq, Belgium, and Canada. The Company holds the right to alter the above lists of countries at its own discretion.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 41.67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Read our Risk Disclosure.
Functional Cookies help a site work well, they enable additional features which can make the user experience better.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
Analytical and Promotional Cookies
Analytical cookies are used to determine usage of a site, they may track individual users, but only to the extent to allow a proper user journey through the site. They are not used for targeting adverts.
Promotional cookies keep track of information to tailor advertisements to you and to measure their success. This includes using previously collected information about your interests to select ads, processing data about what advertisements were shown, how often they were shown, when and where they were shown, and whether you took any action related to the advertisement, including for example clicking an ad or making a purchase.
Please enable Strictly Necessary Cookies first so that we can save your preferences!
Cookies are small pieces of information, normally consisting of just letters and numbers, which are automatically stored on your computer (or any other devise used to enter the Internet) when you visit a website and offer an insight your activity and preferences.