Futures indicate that the
"Last night’s FOMC minutes showed that the Federal Reserve does appear to be moving in the same direction as the Bank of
However, while European markets consolidated on Wednesday after two days of strong gains, US markets continued higher, despite the hawkish signals from the Fed. The DJIA pushed back up towards 17,000 points, gaining 0.4% to close at 16,979, while the S&P 500 gained 0.3%, and the Nasdaq Composite closed fractionally higher at another multi-year high of 4,526.482.
It has been a more mixed session in
The Japanese Nikkei closed up 0.8%, while the Chinese Shanghai Composite continues down 1.0%, and the Hang Seng down 0.8%.
With the historic Fed minutes out of the way, the main event of the week remains Fed Chair
On Thursday. the flash estimates of individual eurozone services and manufacturing sector PMI's for August will be released throughout the morning, with investors wary that any slip to these leading indicators is likely to translate badly into third-quarter eurozone GDP after the region stagnated completely in the second quarter.
The German numbers are out at
The domestic data focus will be on the
"The numbers are expected to be a little softer on a year-on-year basis than what we've seen this year, but that's not something we should be concerned about as it's more reflective of where the economy was 12 months ago than where it is now," said
Later in the session, there's the US initial jobless claims at
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