Jackson Hole central bank meeting sets agenda for the week


Madrid, Aug. 22 (EFE) .- Investors this week will await advanced data from the Eurozone Purchasing Managers Index (PMI) in August and the meeting in Jackson Hole (Wyoming, USA), the annual policy symposium monetary policy where representatives of the world’s main central banks meet.

Darío García, analyst at the trading platform XTB, believes that the Jackson Hole meeting, which will take place between August 26 and 28, “could clarify the uncertainties concerning the monetary policy that the Federal Reserve could pursue. (Fed) during this second half of the year ”.

In Europe, the August PMI for the manufacturing and services sector in the euro area and preliminary consumer confidence data for the euro area for August will be released on Monday.

Investors will be on the lookout for the release of the Ifo Business Confidence Index in Germany on Wednesday and the German Consumer Confidence Index (GFk) for August and the minutes of the last meeting of the European Central Bank (ECB) on Thursday.

In the United States, markets will focus on the central bankers meeting in Jackson Hole, Wyoming, as the Fed is expected to offer clues on the timing of the withdrawal of monetary stimulus.

In addition, this week will be known relevant economic indicators in the United States.

The August PMIs for the industrial and services sector will be released on Monday, while the Richmond Fed’s manufacturing index will be released on Tuesday.

On Thursday, investors will be watching the Personal Consumption Expenditure (PCE) Price Index, the Fed’s preferred inflation indicator, which typically influences the movement of bond yields.

In the Asia-Pacific region, this week highlights Chinese industrial company profit figures for July, which will be released on Friday.

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