📆 Monday, August 21
â–º A relatively quiet week in economic data lies ahead with only significant manufacturing data being released in the middle of the week. Investors await the Jackson Hole Summit on Friday (Aug 25), for statements from Fed Chair Jerome Powell and ECB President Christine Lagarde regarding economic health and potential rate policy decisions.
â–º European gas prices spike with a looming Australian strike that could disrupt up to 10% of global liquefied natural gas exports. Oil prices rise for three consecutive days, responding to a strengthening physical market and stagnation in the USD's climb, despite demand concerns.
â–º European equities, particularly energy firms such as TotalEnergies, Shell, and BP, see a boost in share prices due to rising crude oil and gas prices affected by the potential strike.
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