Markets already waiting for Jackson Hole?

US equity markets have reached new all-time highs, underlining how fundamentally optimistic they remain. But more mixed Asian markets, the slight rise in bond yields (the 10-year US Treasury is close to 1.3%) and the upward tremor of the dollar (1.1740 against the euro) seem to reflect greater caution ahead of Jerome Powell’s key speech on Friday in Jackson Hole.

The IFO survey will be published this morning in Germany, followed by the durable goods orders this afternoon in the United States, but, barring any surprises, the market could adopt a wait-and-see attitude until Friday.

Economics news
Share this news :

You might also read :

ES-economy
April 12, 2021

Mixed signals

As the Fed chairman said during the week-end, the US economy is ready for a very strong recovery, but the economic outlook remains dependent on…
ES-oil
March 2, 2021

Brent corrects as the dollar rallies

Brent prompt future contract corrected lower, at 63 $/b, as demand-side worries emerged. The US dollar continued strengthening also lowered crude prices. Finally, the anticipation of…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]