What are the main events for today? | investingLive

In the European session, we don’t have anything on the agenda. Markets will either stay rangebound into next week’s labour market data or keep fading the Jackson Hole moves.

In the American session, we have the US Durable Goods Orders and the US Consumer Confidence report. Durable goods data is rarely a market-moving release because it’s a very volatile data set, so the focus will be on consumer confidence.

The US Consumer Confidence is expected at 96.2 vs 97.2 prior. The prior report indicated an improvement in consumer confidence, especially in the expectations index. Overall, the data continues to improve as things get better in the economy as seen also in the latest US PMIs.

This is often a market-moving report but we will likely need big deviations to get some sustained moves. The most important data this week is just the US Jobless Claims figures on Thursday. Then the focus will turn to the labour market data due next week that will culminate with the NFP report.

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