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European stock markets set for lower opening
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UK markets closed for Summer Bank Holiday
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NFP report a key point in this week's economic calendar
Downbeat moods can be spotted on the global financial markets at the beginning of a new week. Powell's speech on Friday was taken as hawkish and triggered big declines on the stock markets. Those are being continued at the start of a new week with DAX futures currently pointing to an around-150 points drop at the beginning of the European cash session.
Economic calendar for today is bare. There are no market-moving releases scheduled for today but investors will get to hear from Fed Vice-Chair Brainard at 7:15 pm BST. A point to note is that UK traders are off for holidays today therefore liquidity may be somewhat thinner during the European trade.
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Open account Try demo Download mobile app Download mobile appKey events in the later part of the week:
Tuesday
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1:00 pm BST - Germany, flash CPI inflation for August
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3:00 pm BST - US, Conference Board consumer confidence index for August
Wednesday
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2:30 am BST - China, PMI indices for August
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10:00 am BST - Euro area, flash CPI inflation for August
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1:15 pm BST - US, ADP employment report for August
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Expected start of 3-day Nord Stream maintenance
Thursday
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Final manufacturing PMIs for August from Europe and the United States
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7:00 am BST - Germany, retail sales for July
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3:00 pm BST - US, ISM manufacturing index for August
Friday
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1:30 pm BST - US, NFP report for August
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3:00 pm BST - US, factory orders for July
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Expected end of 3-day Nord Stream maintenance
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