Oil Prices Hold Above $100 as Trump-Xi Meeting and Iran Conflict Keep Markets on Edge 
DOJ Ends Probe Into Fed Chair Jerome Powell, Boosting Kevin Warsh Confirmation Prospects 
Trump Pushes China Market Access During High-Stakes Xi Summit 
Wall Street Futures Rise Ahead of Trump-Xi Summit as Tech Stocks Lead Market Rally 
S&P Global Revises Mexico Credit Outlook to Negative Amid Rising Debt Concerns 
BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build 
Trump Faces Uphill Battle Seeking China’s Help on Iran Conflict 
U.S. Urges China to Help Curb Iran’s Actions in Gulf, Rubio Says 
Asian Currencies Slide as Indian Rupee Hits Record Low Amid Iran Tensions 
Compared to last week, this week is more risk heavy, filled with central banks speakers.
What to watch for over the coming days:
- Jackson Hole:
The major focus for the week is on Jackson Hole symposium organized by Kansas City Fed and attended by central bankers and finance ministers around the world. So from Thursday, the focus of the market will be on the speeches from Jackson Hole. The Symposium had been used by former Fed President Ben Bernanke to announce changes in monetary policies; however, such actions are unlikely to come from Fed Chair Janet Yellen.
- GDP data:
This week’s most important economic data coming from the world is GDP. German second quarter GDP figure will be released on Wednesday, UK GDP figure for the second quarter will be released on Thursday and the same figure from the United States will be announced on Friday.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.
