Overnight, job openings in the U.S. fell to their highest level in nearly 2-1/2 years in August , investors quickly followed suit, suggesting the Fed may be less aggressive now. Global stock markets have rallied, and Wednesday’s flood of data from Europe will provide investors with a clearer picture. Meanwhile, just a day after the dovish turn, the Reserve Bank of Australia, New Zealand’s central bank, took a tough stance, Determined to keep raising interest rates.
Sterling also weakened on Wednesday, paring some sharp gains from record lows a week ago. Prime Minister Liz Truss will return to the headlines on Wednesday, emphasizing that Britain needs to “do things differently” to kickstart stagnant growth. In her first faithful speech to the party as leader of the Conservative Party, Truss hopes to Chow regained some trust after a dramatic U-turn. her tax cuts. Major developments that may affect the market on Wednesday: Zurich – Andrea Maechler, Member of the Board of Directors Swiss National Bank (SNB) speaking at an event on inflation, interest rates – 24 GMT
ATLANTA – Remarks by Atlanta Fed President Rafael Bostic – 400 GMT. STOCKHOLM – Riksbank Executive Board Meeting – 500 GMT.
US 4 Monthly Treasury Auction Economic Data – German Trade, French Industrial Production, Eurozone Services PMI, US ISM Non-Manufacturing PMI, US International Trade , Brazil industrial production 50