U.S. Public Debt Tops $40 Trillion for First Time 
Wall Street Slides as Treasury Yields Surge to 19-Year High 
US Dollar Hits Three-Month Low as Treasury Yields Fall 
BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow 
UK Inflation Rises to 2.9% in July as Energy Costs Climb 
Asian Stocks Rally as KOSPI, Nikkei Surge on Bond Market Relief 
European Stocks Slide as Iran War Escalation Sends Oil Higher 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
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Compared to last week, this week is more risk heavy, filled with central banks speakers.
What to watch for over the coming days:
- Jackson Hole:
The major focus for the week is on Jackson Hole symposium organized by Kansas City Fed and attended by central bankers and finance ministers around the world. So from Thursday, the focus of the market will be on the speeches from Jackson Hole. The Symposium had been used by former Fed President Ben Bernanke to announce changes in monetary policies; however, such actions are unlikely to come from Fed Chair Janet Yellen.
- GDP data:
This week’s most important economic data coming from the world is GDP. German second quarter GDP figure will be released on Wednesday, UK GDP figure for the second quarter will be released on Thursday and the same figure from the United States will be announced on Friday.
In addition to the above, unscheduled Brexit commentaries would keep weighing on the market.
