Fed Chair & Jackson Hole

Fed Chair & Jackson Hole

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WORLD HEADLINES – The dollar fell on Friday, set for its biggest weekly decline since March as markets braced for a speech by Federal Reserve chair Jerome Powell for hints on the direction of monetary policy, while a gauge of global stocks barely budged.

STOCKS – The MSCI All-Country World index, which tracks shares in 47 countries, barely managed to keep in the black, as markets in Europe opened mixed.

BONDS – Treasuries traded lower during the overnight trading session.

COMMODITIES – Oil price rose.[O/R] Brent crude futures rose 1 percent to $75.42 per barrel, while U.S. crude added 0.9 percent to $68.46.

CURRENCIES – The Australian dollar was the biggest mover, gaining half a percent on the day after the ruling Liberal party voted in a new leader.

ECONOMIC DATA – US Core Durable Goods Orders m/m due at 8:30, Fed Chair Powell Speaks at 10:00 ET.

 

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