<p>What key events and releases will be driving the markets next week?</p><p>Tuesday , August 23</p><ul><li>various flash PMI estimates for Europe and UK</li><li>US/services and manufacturing PMI indices, 9:45 AM ET. Manufacturing PMI 52.0 vs. 52.2 last month. Services PMI 50.0 vs. 47.3 last month</li><li>US new home sales, 10 AM ET. Estimate 574K vs. 590K last</li><li>Richmond Fed manufacturing index for August. 10 AM ET. Estimate -6 vs. 0 last month</li></ul><p>Wednesday, August 24</p><ul><li>US durable goods orders. 8:30 AM ET. Estimate 0.9% vs. 2.0% last month</li><li>US pending home sales. 10 AM ET. Estimate -2.1% vs. -8.6% last month</li></ul><p>Thursday, August 25</p><ul><li>New Zealand retail sales Q/Q. 6:45 PM ET (Wednesday). Estimate 1.7% vs. -0.8% last quarter</li><li>German Ifo business climate. 4 AM ET. Estimate 86.7 vs. 88.6 last month</li><li>US preliminary GDP for 2Q. 8:30 AM ET. -0.8% vs. -0.9%.</li><li>US unemployment claims. 8:30 AM ET. Estimate 250K unchanged from last week</li><li>Jackson Hole symposium. All day</li></ul><p>Friday, August 26</p><ul><li>US core PCE price index. 8:30 AM ET. Estimate 0.3% vs. 0.6% last month.</li><li>US personal income/consumption. 8:30 AM ET. Personal income estimate 0.6% vs. 0.6% last. Personal consumption 0.5% vs. 1.1% last</li><li>US University of Michigan consumer sentiment. 10 AM ET. Estimate 55.3 vs. 55.1 preliminary</li><li>Fed Chair Powell speaks at the Jackson Hole symposium. 10 AM ET. </li></ul>

This article was written by Greg Michalowski at www.forexlive.com.