Daily Morning Call

From the Floor: Hurricanes Janet, Mario and Harvey on the radar — #SaxoStrats

365 views
Financial markets keenly await speeches by Fed chief Janet Yellen and ECB president Mario Draghi at the Fed's Jackson Hole gathering later today. Meanwhile, the Texas Gulf Coast is in the path of Hurricane Harvey, which is already having a two-way effect on oil prices and could potential wreak huge damage.

  •  • US Fed chief Janet Yellen to speak on financial stability at 1400 GMT
  •  • ECB president Mario Draghi to speak at Jackson Hole at 1900 GMT
  •  • Yellen's speech poses a hawkish risk, therefore USD-supportive: Hardy
  •  • Hurricane Harvey in the Gulf of Mexico shuts refineries, lifts gasoline prices
  •  • Harvey has had two-way effect on oil prices, both lifting and weighing: Hansen
  •  • Harvey could wreak huge damage, with up to 1 metre of rain in worst case
  •  • Gasoline prices surge as US Gulf refineries begin to shut down
  •  • Gold stuck in $1,280 to $1,295 range