Draghi and Yellen amongst market movers today – Danske Bank

Research Team at Danske Bank, suggests that both ECB president Mario Draghi and Fed chair Janet Yellen are scheduled to speak today but we do not expect any major news from them.

Key Quotes

“The Fed speeches by Bullard, Evans and Mester are more interesting due to the divided FOMC at last week's meeting.

The most important data release today will be the US preliminary durable goods order for August. We have not seen shipments of core capital goods bottoming out yet, suggesting that actual investments are still weak. Still, it was encouraging that new orders rose in July. Our view is that business investments were also weak in Q3 16.”