Nasdaq 100 futures rebound ahead of the US opening

There is just one US economic release due out later today and that is the July Leading index and it is expected to show a 0.4% decline. This is due out at 2pm GMT. It would seem unlikely to have much of an impact, unless it is a real surprise reading. There are releases later in the week that might be of more interest to the markets, but the main event comes on Thursday and Friday. That is when leading Central Bankers and movers and shakers gather in Jackson Hole, Wyoming for the annual symposium. The main speaker there is surely the Fed boss, Jerome Powell and the markets will be very keen to see what he might have to say on monetary policy. Powell has already made it clear that he is pushing for a Fed cut in September and anything that detracts from that will have an impact across the US equity markets and the dollar. So, right now the earlier modest downside call for the US stock markets this afternoon has been reversed and that especially applies to the Nasdaq 100. The index closed on Friday at 19,508. It is just now called to open at around 19,540, but subject to change over the next hour too