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Markets will face a week of attention at the Jackson Hole meeting

Date: September 30, 2023 Time: 02:56:12

After a week of turbulence in the markets around the world agitated by China, this week investors will be awaiting the advance data on activity in the manufacturing and services sectors in the large developed economies, which will be released on Wednesday, and the meeting annual meeting between the great central banks of the world that begins on Friday in Jackson Hole (Wyoming).

The investment director of ATL Capital, Ignacio Cantos, has commented to EFE that next Wednesday the advanced data of the manufacturing PMI and the tertiary sector in the United States, Japan, Germany, France, the Euro Zone or the United Kingdom will be published.

Annual meeting of the major central banks

Next week also highlighted the annual meeting of the presidents of the central banks of the large economies in Jackson Hole (Wyoming), which will begin on Friday, the day on which the president of the Federal Reserve (US central bank), Jerome Powell.

Both on that day and on the following days, the European and US monetary authorities could give “clues” about the decisions they could take at their monetary policy meetings in September, which could be relevant for the stock markets and the dollar, according to Cantos.

The focus will again be on China

Next week investors will also be watching interest rate decisions that the Bank of China may take on Monday, especially given the problems in the economy’s real estate market.

About this sector, but in the United States, statistics will be published on the sale of second-hand (Monday) and new (Tuesday) homes. Other data that will be known in these days with the orders of durable goods and the weekly applications for unemployment benefits in the United States on Thursday. German GDP data, the Japanese CPI ahead of this month or German business confidence for August (Ifo index) will be released on Friday

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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