Fed Raises Interest Rates for Second Time this Year
Who gained and who lost what from the Trump-Kim summit
Tardy Trump Disrupts G-7 Gender Equality Meeting
Buffett, Dimon urge end to quarterly profit forecasts | AP business
ZTE Said to Have Signed Preliminary Agreement to Lift US Ban
Why Yellen's Jackson Hole speech could be a dud
23 August 2017, 12:25 | Cedric Leonard
Though tensions between the USA and North Korea started eased last week, experts have warned that geopolitical fears could still drag down global markets. The pound strengthened slightly against the euro on Monday.
Another possibility is that it may be the bullish flag pattern, which could go substantially higher, as the usual method for calculating the target is by extrapolating the length of the pole from the point of the breakout.
Elsewhere in the U.S., we will get home prices data tomorrow; business conditions survey results on Wednesday, new and existing home sales (Wednesday and Thursday) and durable goods orders (on Friday).
Jackson Hole is one of the most prestigious conferences on the global central-banking calendar and has been used in the past as a forum to foreshadow policy actions.
"After testing support at 108.50 three times over the past month, dollar/yen appears to have found a base at this level and the key question this week will be whether the dollar can stage any sort of counter trend rally ahead of the Jackson Hole symposium this week", he added. And it could provide the backdrop for the ECB president to signal the eventual withdrawal from loose monetary policy by the central bank. Both the Empire State and the Philadelphia Fed Manufacturing indexes beat expectations, and consumer confidence rose to its strongest level in seven months.
In the United Kingdom we get the second estimate of second quarter GDP, while the final estimate of Germany second quarter GDP will be out on Friday.
"With its commodity stocks maintaining the gains they saw yesterday - In part helped by a positive statement from BHP Billiton, which saw the Aussie giant bow to investor pressure and announce it was offloading its U.S. shale business - and Persimmon up 3% following another Brexit-ignoring update, the FTSE rose 0.7% in early trading" notes Spreadex Analyst, Connor Campbell. Economists surveyed by The Wall Street Journal expect existing-home sales grew 0.7% in July.
"A risk is that she elevates concern about financial stability as a factor which would warrant a more aggressive path of rate hikes".
Android O to 'touch down' on Aug 21 solar eclipse
Google and Oreo's maker, Mondelez, referred to their deal as a partnership, rather than a sponsorship, as no money was exchanged. We know this primarily because Google just launched a solar eclipse-themed teaser website that counts down to 21 August.
Sierra Leone floods death toll passes 400: Red Cross
We have young people being displaced, people being orphaned, we have problems of medication and medical supplies. Responding to the crisis that began on Monday will require "a combination of efforts from all people", he added.
Taylor Swift Just Deleted All of Her Instagram Photos
Her new music or new album could arrive as soon as this weekend - or maybe she's going to make us wait a little while longer. Taylor Swift , best known for catchy pop music , troublesome #SquadGoals, and bomb-ass red lipstick, is up to something.