Euro markets lost the positive sign after the German macros

They missed the positive sign and Euro markets continue to lose amid nervous anticipation of Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Economic Symposium this afternoon and after disappointing macros from Germany.

Investors are looking to Powell’s speech for clues about the path of monetary policy in the coming months. Some hopes that the U.S. central bank will moderate its rate hikes to protect the economy have been dashed in recent days by statements from senior officials who pointed out that inflation remains particularly high and it is still too early to say for sure whether has started to slow down.

Against this background, analysts expect the Fed chairman to adopt an aggressive stance in his speech today, confirming that the bank’s main objective is to bring inflation to the 2% target, regardless of the impact on the economy.

On the board, the pan-European Stoxx 600 lost 0.2% to 432.33 points. The index is on course to end the week with total losses of nearly 1%, completing two consecutive declining weeks.

Germany’s DAX edged down 0.2 percent to 13,248.38 after data showed consumer sentiment headed for a new record low for a third straight month in September amid a rally in energy prices.

The GfK institute announced that the consumer sentiment index is expected to stand at -36.5 in September, continuing a streak of historic lows that began in July.

The French CAC 40 moves with small losses of 0.1% to 6,375.37 points, while the British FTSE 100 notes marginal gains of 0.02% to 7,481.23 points.

In the region, Italy’s FTSE MIB lost 0.4%, while Spain’s IBEX 35 fell 0.1%.