where Powell will deliver his speech 16:05 CET. This is an opportunity the chairman has previously used to correct market views, for example last year. ECB president Largarde will speak at 21:00 CET.and it will be interesting to see if it confirms the gloomy picture painted by the PMIs yesterday. We also get revised GDP and other national accounts data for Q2, but that is mostly of historical interest since the indicators for July and August have been so negative.
His more dovish colleague at the ECB, Portuguese Mario Centeno on the other hand urged officials to be cautious with the next policy move saying risks are materialising.At the BRICS Summit in Johannesburg the group yesterday invited six new members into the club: Argentina, Saudi Arabia, Egypt, UAE, Iran and Ethiopia. The BRICS now represent close to half the world's population and more than 1/3 of global GDP and will likely become a stronger force representing the Global South.
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