Market expectations for the day

European Central Bank (ECB) President Christine Lagarde’s upcoming speech is garnering attention, though it is anticipated to be more of a reiteration of the ECB’s cautious and patient approach. With the ECB waiting for comprehensive summer data before taking any decisive action on interest rates, Lagarde’s comments are likely to focus on the bank’s current economic outlook and the factors influencing their wait-and-see strategy.

Federal Reserve updates

European Central Bank (ECB) President Christine Lagarde’s upcoming speech is garnering attention, though it is anticipated to be more of a reiteration of the ECB’s cautious and patient approach. With the ECB waiting for comprehensive summer data before taking any decisive action on interest rates, Lagarde’s comments are likely to focus on the bank’s current economic outlook and the factors influencing their wait-and-see strategy.

Central bank speeches and expectations

The day is expected to be uneventful with no major data releases or news. The US Richmond Fed Manufacturing index is on the calendar, but it is a volatile, low-impact report that seldom influences the market.