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Stocks Mixed as Focus Shifts to Central Bankers: Markets Wrap

Stocks struggled for traction at the start of a week set to be dominated by the gathering of Central bankers at Jackson Hole amid growing unease about persistent low inflation.

Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi will be among the officials addressing this year’s installment of the annual conference hosted by the Kansas City Fed.

The summit, held at a Wyoming mountain retreat, comes as central banks in advanced economies grapple with ending years of unprecedented monetary easing, even as stubbornly tepid inflation clouds the outlook.

“The key event this week is the Jackson Hole Central bank policy forum which begins on Thursday,” Citigroup strategists including Peter Goves wrote in a note to clients.

Combined sales of new (data Wednesday) and previously owned (Thursday) U.S. homes probably edged up in July from the prior month, indicating a still robust real estate market held in check by rising property prices, economists forecast.

READ MORE (Bloomberg)

  • Will Dollar Rally Into Jackson Hole?Nasdaq
  • Euro Bounces but Markets Wary Before Jackson HoleU.S. News & World Report
  • Global Stocks Down; Jackson Hole Central Bankers Meeting In FocusMoney Morning
  • Jackson Hole Symposium: Will Draghi and Yellen disappoint?MarketPulse (blog)
  • Euro Pressured as Volatility Rises on Jackson Hole, FOMC MeetingBloomberg
  • Talking Down the Euro Won't WorkBloomberg
  • Policy divergence between these central banks could lead to a currency war ...CNBC
  • ECB's Draghi seen walking cautious line at Jackson Hole after Sintra debacle ...CNBC
  • Less Dovish Central Banks May Be Brewing A Bond Bubble

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Stocks Mixed as Focus Shifts to Central Bankers: Markets Wrap


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