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3 Numbers to Watch: US Q2 GDP revision, WTI Crude price & French business sentiment index
European Central Bank president Mario Draghi’s decision to drop out of the Jackson Hole symposium, where he was due to speak on Saturday, has fuelled speculation that the ECB will unveil its new bond-buying programme at its next Governing Council meeting on September 6. The ECB said Draghi would not be attending the Fed's annual summit meeting due to his "heavy workload". Interestingly, it appears that Bundesbank president Jens Weidmann, who has publicly opposed the ECB bond-buying plan, will be present at the event. The ECB’s absence at the meetings will shift the focus on the Fed as the main market catalyst. ... (full story)