Moody’s have said that Spain’s BAA3 rating remains on review for a possible downgrade, elsewhere ECB’s Nowotny has said that new staff forecasts won’t be better and will likely be worse. Later this morning, Eurozone CPI and unemployment data will be released. European futures are pretty flat, after bourses yesterday sold off into the close.


All eyes on the Jackson Hole statement, after the European close today, otherwise look of for University of Michigan Confidence, Factory Orders  and Chicago Purchasing Manager data.


Philip Ball | Sales and Trading