Week Ahead: Doves to dominate at Jackson Hole

Welcome to your guide to the week ahead in the markets.

Jackson Hole 

As global bond yields fall and investors worry about a recession, all eyes will be on the central banker meeting this week in Jackson Hole. Whilst it’s rare for major policy announcements to emerge from the symposium, markets will be fixated on any signals from the Fed and others about the path of interest rates. 

FOMC minutes 

Minutes from the Fed’s last meeting will be parsed for clues about future rate cuts. With markets pricing in more cuts this year, these minutes will help show exactly where members stand on the issue. 

Earnings 

A few earnings to watch for – Anglo-Australian miner BHP Billiton and some US retail sector stocks including GAP and Target bring up the rear as US second quarter earnings season winds down. 

Corporate Diary

There are still a lot of earnings releases in the current week, including big name brands Target, Salesforce and Gap.

Approx 22.30 GMT19th AugBHP Billiton Ltd – Q4
Pre-Market20th AugHome Depot – Q2 2020
Pre-Market20th AugMedtronic Plc – Q1 2020
Pre-Market21st AugLowe’s Companies Inc – Q2
Pre-Market21st AugTarget – Q2
After-Market22nd AugSalesforce
After-Market22nd AugGap – Q2
XRay

Join our XRay sessions live, or watch them on catch-up at a convenient time. This week, we’ll be covering the following topics in our live video streams.

07.15 GMT19th AugEuropean Morning Call
17.00 GMT19th AugBlonde Markets
15.30 GMT20th AugAsset of the Day: Bullion Billions
15.45 GMT20th AugAsset of the Day: Oil Outlook
13.00 GMT21st AugAsset of the Day: Indices Insights
Key Economic Events

There’s a lot going on this week, with special notice paid to the Red meeting in Jackson Hole.

08.30 GMT21st AugUK Public Sector Net Borrowing
12.30 GMT21st AugCanadian CPI
18.00 GMT21st AugFOMC Meeting Minutes
07.15 – 08.00 GMT22nd AugEurozone Member PMIs (Services, Manufacturing)
11.30 GMT22nd AugECB Monetary Policy Meeting Accounts
Day 122nd AugFederal Reserve Jackson Hole Symposium
22.45 GMT22nd AugNew Zealand Retail Sales
12.30 GMT23rd AugCanada Retail Sales
Day 223rd AugFederal Reserve Jackson Hole Symposium