logo-loader

Friday's agenda - Labour market in focus as central bankers meet in Wyoming

Published: 13:24 21 Aug 2014 EDT

united_states350_53f61da237f31

Ecomomic news may be non-existent today but if you're into global economic policy, then there's a lot going on this weekend. 

Taking place is the Jackson Hole symposium where the globe's top central bankers meet in Wyoming to enjoy the scenery, but more importantly, to debate what's going on in the financial landscape.

Central banks and their role is sure to be a massive focus  this year and the topic at the weekend is associated with reassessing labour market dynamics.

This theme naturally is vital to the scope and timing of potential tightening of monetary policy among Central Banks as investors have been eyeing for some time now, potential interest rate rises.

In terms of markets, previously stocks have rallied after Fed chair's speeches - for example Ben Bernanke, but some experts believe this may not be the case this time with Janet Yellen, as likely dovish comments have already been factored in.

However, Thurday's gold price move may signal what might be to come for equities in the light of the symposium as the precious metal broke out of its recent torpor as hawkish hints in minutes from the latest Federal Reserve meeting sent the price tumbling by over 1%.

A growing number of the Fed Open Committee’s members see an early rate rise as ‘appropriate’ if the targets for employment and inflation are hit quicker than expected.

It was a clear change of tone from previous meetings and unsettled Fed watchers who had been predicting a benign outcome ahead of the Jackson Hole central bank symposium.

Significant annoucements expected:

Friday

Companies: Finals: Allergy Therapeutics (LON:AGY). Interims: Rangemaster Group (LON:AGA), Boot (Henry) (LON:BHY).

Economic: None

ARway.ai announces multiple new SaaS developer contracts in both the United...

ARway.ai (CSE:ARWY, OTCQB:ARWYF) Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to announce multiple new SaaS developer sign-ups for its augmented reality experience platform, focusing on AR indoor navigation. These partnerships represent significant milestones in...

1 hour, 12 minutes ago