NAGA : The Top 6 Economic Events Happening This Week | August 22-26

Hey!

Are you ready for another busy week?

This week, the focus of the markets will be on Jackson Hole and the tone from Federal Reserve members at their annual symposium.

The Fed meets at a time when some analysts are warning that frenzied trading in meme stocks and overconfidence in inflation being tamed could be a signal that investors are in front of their skies.

So, want to learn more details?

Let's take a look in our weekly economic recap

The French and German PMI (Services and Manufacturing) - Tuesday, August, 23rd

The French and German PMI (Services and Manufacturing) will be released on Tuesday, August 23 at 10:15 (French) & 10:30 (German) GMT+3.

The French and German PMI Manufacturing Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; a reading below 50 indicates contraction. So, higher is better, and under 50 is especially negative.

Beware of potential volatility for Euro and EU Indices

The UK Manufacturing and Service PMI - Tuesday, August, 23rd

On Tuesday, August 23, the UK Manufacturing and Service PMI will be released at 11:30 GMT+3.

The UK Manufacturing and Service Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. Traders watch these surveys closely, as purchasing managers usually have early access to data about their company's performance, which can be a leading indicator of overall economic performance.

Higher than 50.0 indicates economic growth. A higher figure than that predicted is positive, and a higher figure to that of the previous month.

Beware of potential volatility for GBP and FTSE 100

The US Services PMI - Tuesday, August, 23rd

On Tuesday, August 23, the US Services PMI will be released at 16:45 GMT+3.

The US Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. The surveys cover transport and communication, financial intermediaries, business and personal services, computing & IT, hotels, and restaurants.

An index level of 50 denotes no change since the previous month, while a level above 50 signals an improvement, and below 50 indicates a deterioration.

So, beware of potential volatility for USD and US Indices

The US Prelim GDP - Thursday, August, 25th

The US Prelim GDP will be released on Thursday, August 25 at 15:30 GMT+3.

Gross Domestic Product (GDP) measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is the broadest measure of economic activity and the primary indicator of the economy's health.

If the figure remains in the negative or even sees a sharper decline, it may further convince investors that the economy is in a recession.

Beware of potential volatility for USD and US Indices

The Jackson Hole Symposium - Thursday, August, 25th

The Jackson Hole Symposium will be held on Thursday, August 25.

The Jackson Hole Economic Symposium is an annual symposium that allows an open discussion of economic issues, stock, and currency issues facing the economies of the world. It is a prominent conference that witnesses the attendance of bankers, academics, and finance ministers, among other prominent participants.

There is no official press release, but sometimes members talk to journalists about what has been discussed and agreed upon.

Beware of potential volatility for all assets

The PCE Price Index - Friday, August, 26th

The PCE Price Index will be released on Friday, August 26 at 15:30 GMT+3.

The "core" PCE price index is defined as personal consumption expenditures (PCE) prices excluding food and energy prices. The core PCE price index measures the prices paid by consumers for goods and services without the volatility caused by movements in food and energy prices to reveal underlying inflation trends.

Price data for the PCE index comes from surveys of businesses, rather than what consumers say they're spending on goods and services. The PCE's basket of goods and services changes regularly to account for substitution-when prices for one item rise, consumers shift their spending to cheaper alternatives.

Beware of potential volatility for US Dollar and US Stocks

That's it for this week!