European Markets Open Amid Data Flood and Rate Hike Uncertainty
European markets opened on Monday, August 17, amidst a packed schedule of key risk events. The US stock market is set to open at 15:30 CEST, with index futures pointing to a higher opening.
The day's major data releases include Canada's Consumer Price Index (CPI) and the Empire State Manufacturing Survey, both due out at 14:30 CEST. A strong reading in either could shift expectations for a Federal Reserve rate hike in September, currently assigned a 30% probability by markets.
Fabrinet will release its fourth-quarter earnings after US markets close, with investors watching for demand from AI and optical networking sectors. BHP's full-year earnings report is scheduled for Tuesday morning in Melbourne, offering insights into mining margins and commodity demand.