Stephen Koukoulas – All Eyes On Jackson Hole

The world’s central bankers and a plethora of economists will gather at Jackson Hole, Wyoming, USA, for an annual get together with the topic this year, “Fostering a Dynamic Global Economy”. While that is an important topic as the world continues to lurch unevenly from the global crisis which started 10 years ago, the market will be looking at the speeches and discussion for clues on monetary policy settings.

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Monday At The Open

US sharemarkets rose on Friday as bargain-hunters moved in. Also the low inflation data favoured growth-focussed sectors as opposed to banks. Shares in Snap fell 14% to record lows as the company disappointed with the latest data on revenue and daily users.

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Friday At The Open

US markets fell sharply on Thursday as investors responded to the tensions between the US and North Korea. North Korea’s claim it was completing plans to fire four intermediate range missiles over Japan to land near Guam drove the initial selloff.

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