Wednesday Trading Event of the Day

Stocks in London closed in the red on Tuesday after another day of poor economic data from across the globe.

The pound and euro hit historic lows against the dollar on Tuesday as risk sentiment took a hit. Poor US private sector data weighed on the greenback in afternoon dealings.

Nerves will linger ahead of the key Jackson Hole meeting of central bankers, as investors wait for US Federal Reserve Chair Jerome Powell to offer some insight on future US monetary policy.

The meeting begins on Thursday, with Powell’s speech due on Friday.

The event of the day today is from the US and it is the Durable Goods Orders m/m at 15.30 GMT+3.

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