The statistical meetings are few Wednesday, and the publications of non-existent companies. What to concentrate on the report of the Fed which must be published in the evening.
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The Fed Minutes, a prelude to Jackson Hole | Photo credits: shutterstock United States Federal Reserve
The agenda is worthy of an August Wednesday, the appointments can be counted on the fingers of one hand. Nothing to report on the corporate front, where communication is still slowing for a little over a week.
Attention will therefore once again be focused on the economy, where publications will mainly come from the United States. But the main announcement is scheduled after the close of European markets and will therefore only have a potential impact on Wall Street. These are the minutes of the last monetary policy meeting of the US Federal Reserve, that of July 30 and 31, which resulted in a 25 basis point cut in key rates, the first since 2008. A meeting that also took place just before Donald Trump announced that he wanted to overtax the $ 300 billion in Chinese import goods that were still exempt by 10%. This report is expected by 8 p.m.
Jackson Hole in the crosshairs
A few days away from the Jackson Hole Symposium, where the world’s major financial and central bankers meet each year, and a much-anticipated speech by Fed President Jerome Powell on Friday at 4 p.m. KST, the The attention of investors remains focused on the slightest sign that could enlighten them as to the timetable for further monetary easing that can be envisaged across the Atlantic.
The other statistics of the day concern the sales of old homes in July, at 4 pm (consensus: 5.20 million units at an annualized rate, against 5.27 million in June). Half an hour later, we will monitor the evolution of oil stocks across the Atlantic. According to Bloomberg, crude reserves are expected to have declined by 1.21 million barrels in the week ending August 16, while gasoline reserves may have fallen by 194,000 barrels, after falling 1.41 million a week earlier. .
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