- Stocks began the week on a positive note, mirroring Wall Street's gains on Friday following cautious comments from central bankers at Jackson Hole. China's support measures for its stock market aided sentiment.
- After Federal Reserve Chair Jerome Powell and European Central Bank President Christine Lagarde failed to shake the outlook for interest rates in Jackson Hole on Friday, the rate-sensitive technology sector led the advance in Europe. Trading volumes were two-thirds lower than the 30-day average for this time of day because UK markets were closed for a bank holiday.
- US equity futures rose slightly, while Treasuries and the dollar remained unchanged.
- Powell stuck to the script in his Jackson Hole speech, saying the Fed is "prepared to raise rates further if appropriate," while emphasising that the central bank will "proceed carefully," guided by economic data. Similarly, Lagarde stated that the ECB would set borrowing costs as high as necessary to keep inflation under control, but she stopped short of signalling an increase at the next meeting.
- Chevron Australia LNG workers vote in favour of potential strike action.
- ECB's Holzmann sees case for rate hike if no surprises appear.
