Europe in focus for markets, Draghi speaks

August 23, 2017

A busy night for markets with plenty of announcements to keep traders occupied throughout the day, with most of the information emanating from Europe.

On the announcement front from Europe, there are a number of figures set for release. These figures include: European, German and French Flash Manufacturing PMIs, European, German and French Flash Services PMIs and Consumer Confidence. These PMI figures are important as they reflect the strength of the manufacturing and services sectors in Europe as a whole and also in Germany and France individually. As Europe continues its economic recovery, these figures are significant to help track that recovery in different sectors. ECB President Mario Draghi is also due to speak.

The other announcements set for publication come from the US. This information includes: Flash Manufacturing & Flash Services PMIs, New Home Sales and Crude Oil Inventories data. Finally, Fed Reserve Member, Robert Kaplan, is due to speak.