Global markets focused on Powell's speech

Global markets are focused on Fed Chair Jerome Powell's speech at the Jackson Hole meeting where central bank governors will come together. Global stock indices are on a downward trend this morning due to uncertainty ahead of Powell's speech later in the day. Wall Street indices closed in the red yesterday. The S&P 500 fell 1.35 percent, and the Nasdaq 100 fell 2 percent. US futures indices are weak and mixed this morning. The outlook in Asia is also negative. Technology stocks are leading the declines in both the US and Asia. The US 2-year bond yield, which is most sensitive to Fed interest rate decisions, rose 6 basis points yesterday to close above 5 percent. The Bloomberg Dollar Index rose 0.40 percent with this support. Fed Chair Jerome Powell will speak at the Jackson Hole Economic Policy Symposium today at 17:05 Turkish time. Philadelphia Fed President Patrick Harker will speak at 16:00 Turkish time. US August Michigan University expectation indexes will be monitored at 17:00 Turkish time. European Central Bank (ECB) President Christine Lagarde will speak at the Jackson Hole Summit at 22:00 Turkish time.