Market Movers
Following a sharp sell-off in US stocks late in yesterday's trading session, focus today will be on whether European markets will take another turn for the worse.
Data on US oil inventories this afternoon will be watched closely. The oil price fell again yesterday after recovering a bit during the day.
ECB's Peter Praet speaks today on the euro crisis and is likely to be questioned about the current market situation. This afternoon Fed's vice chairman Bill Dudley (voter, dove) speaks. The theme is regional economy but Q&A is expected. Dudley is at the core of the Fed and may have coordinated today's remarks on the policy outlook with Fed chairman Janet Yellen.
On the data front, US durable goods orders for July are due for release. These are very volatile, though, and should have a limited effect on the markets.
We will also receive Swedish confidence measures and Norwegian unemployment data.
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