Jackson Hole central bank meeting sets the week’s agenda

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Madrid, Aug 22 (EFE) .- Investors will be waiting this week for the advance data of the purchasing manager indices (PMI) of the euro zone in August and the meeting in Jackson Hole (Wyoming, USA), the annual monetary policy symposium where representatives of the world’s leading 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 uncertainties regarding the monetary policy that the Federal Reserve may carry out. (Fed) during this second half of the year “.

In Europe, the August PMI for the manufacturing and services sector in the euro area and the 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 US, 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.

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

On Thursday, investors will be watching the price index for personal consumption expenditure (PCE), the inflation indicator preferred by the Fed, which usually influences the evolution of bond yields.

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

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