Europe awaits cautiously the meeting of central bankers in Jackson Hole.

The European financial market is preparing for a day marked by caution, awaiting the central bankers' meeting that will take place in Jackson Hole, Wyoming. Futures for the major European indices reflect a downward trend, anticipating slight declines in today's crucial openings. In this context, the Ibex 35 is positioned in a delicate balance, defending the barrier of 11,100 points, after closing yesterday with a slight advance of 0.24%, reaching 11,114.90 points. Market attention is focused on the minutes from the last meeting of the United States Federal Reserve (Fed), recently published. These minutes highlighted that several members of the body have expressed support for the possibility of an interest rate cut as early as July, generating expectations around a potential reduction in the next scheduled meeting on September 18. This move could have significant implications for global monetary policy, affecting not only the U.S. economy but also the European one. The Euro Stoxx, for its part, shows a decline of 0.16%, while other European indices such as the German DAX and the French CAC also experience drops of 0.10% and 0.18%, respectively. The British FTSE joins this downward trend with a cut of 0.15%. This outlook suggests a day of uncertainty and caution in the markets, where the influence of the Fed's and the European Central Bank's (ECB) decisions will play a fundamental role. As for the Jackson Hole event, it is an annual meeting of great relevance on the economic calendar, where central bankers, economists, and experts from around the world gather. This year, the central theme of discussion will be "Reassessing the Efficiency and Transmission of Monetary Policy," a matter that takes on special importance in a global economic context marked by inflation and uncertainty. Interventions and speeches during this meeting are expected to provide clues about the future monetary policy decisions that major central banks will adopt. One of the most anticipated moments of the event will be the speech by Fed Chairman Jerome Powell, scheduled for tomorrow. Powell's address is key, as investors will be watching for any indication of the Fed's intentions regarding a possible rate cut. Given the recent expression of support from some Fed members for a reduction, expectations are high, and any comments could lead to significant movements in the markets. The influence of this meeting is not limited to the Fed's decisions; the ECB is also under the scrutiny of investors. The minutes from the ECB's last meeting are expected to be published today, which could provide more context for monetary policies in Europe and how they align with the Fed's decisions. The interconnection of both institutions highlights the importance of their relationship in the global economic landscape. As European markets face these challenges, investors are preparing for a series of macroeconomic data that could influence monetary policy decisions. One of the most awaited reports is the upcoming U.S. employment report, scheduled for September 6, which will provide valuable insights into the health of the U.S. labor market and, therefore, the economy in general. In summary, the Ibex 35 and major European indices face a day marked by waiting and uncertainty. The defense of the 11,100 points in the Ibex becomes a symbol of the volatility characterizing the current market. With the Jackson Hole meeting on the horizon and the minutes from the Fed and ECB providing perspectives on the direction of monetary policies, the coming days will be decisive in determining the direction that financial markets will take in the short and medium term. The interaction between central bank decisions and economic data will be crucial for the balance of a global economy that continues to navigate turbulent waters.