Powell says Fed ‘not far’ from having confidence to cut interest rates

Events: Big Tech companies such as Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft face a European Commission deadline to ensure compliance with the EU’s Digital Markets Act. Anna Morris, a US Treasury official with responsibility for illicit money flows, begins a two-day visit to Austria. Frankfurt airport, Germany’s busiest, is closed due to a strike by security staff.

Central banks: The European Central Bank’s governing council holds a monetary policy meeting. Banco de España hosts a conference on diversity, equity and inclusion.

Corporate updates: Companies presenting full-year results include Admiral Group, Aviva, Beazley, Elementis, Entain, Funding Circle, Grafton, ITV, Lufthansa, Melrose Industries, PageGroup, Rentokil Initial, Robert Walters, TT Electronics and Vivendi. Brooks Macdonald, Darktrace and Kier issue half-year data.

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