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Week Ahead – Eurozone PMIs and Japanese Inflation Due; Jackson Hole Summit, Trade Updates & Turkey Could Steal the Show

Upcoming releases in the next seven days are pointing to a relatively quiet August week. Among the few stand-out readings are flash PMI prints out of the eurozone, Japanese inflation figures and US capital goods orders. In addition, the minutes relating to the Federal Reserve and Reserve Bank of Australia’s latest meetings will be made public next week. Despite a mostly light calendar, comments out of central bankers gathering for the Jackson Hole Symposium, as well as global trade & Turkey-related news have the capacity to provide plenty of excitement, acting as major market movers.

US capital goods orders, FOMC minutes and Canadian retail sales on the horizon; Jackson Hole summit a risk event

In terms of US releases, the most noteworthy are durable goods orders for July out on Friday – these are expected to give an indication on business spending in Q3 –, as well as the Fed minutes from its July 31 – August 1 meeti