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Martins Kazaks, the ECB Governing Council member, said that resolute measures are required from the European Central Bank to curb the inflation, and the main action must be an interest rate hike of at least 0.5%.

Consensus between exporting countries to lower oil production is within reach. The move would stabilize the market, the producers say. The OPEC President supported the Saudi Arabia officials, who put forward this idea, causing an oil price surge of more than $100 per barrel.

New Zealand may be coming to the end of its aggressive tightening cycle, as Reserve Bank Governor Adrian Orr sees new signs of the beginning of a consumption slowdown.

Thursday’s formal dinner will mark the beginning of the Federal Reserve Bank of Kansas City's Annual Economic Symposium in Jackson Hole, Wyoming. Fed Chairman Jerome Powell is scheduled to speak on Friday morning, at 10:00 a.m. Washington time.

The new data obtained on Thursday from the US Bureau of Economic Analysis showed that an economic slowdown in the second quarter was actually less than it had been forecasted earlier. The main tool for evaluating economic activity is the country’s gross domestic product, which fell by 0.6% in the second quarter. This result is better than the predicted one, as in June the fall by 0.9% was forecasted.

The upcoming speech by Fed Chairman Jerome Powell, scheduled for August 26, touches upon the potential for tightening the U.S. monetary policy. A symposium takes place at Jackson Hole, Wyoming.

Bank of Japan (BOJ) board member Toyoaki Nakamura commented Thursday on the economic environment in the country. The central bank plans to continue monetary easing as the current inflation rate driven by rising energy prices, isn’t expected to be persistent.

The Federal Reserve's annual monetary policy conference will take place on Friday in Jackson Hole, Wyoming. As reported by Tapas Strickland, NAB's economics director, investor expectations have changed. They predict that the Fed Funds rate will hit a peak of 3.80 percent in March 2023.

On Wednesday, the Nvidia corporation, known for its graphics chips production, announced its forecast for the current quarter. The company expects to see a nosedive in sales as a result of a general weakening of the gaming industry. After the forecast, the company’s stocks decreased in after-hours trading, with a total drop being around 5%.

The company is about to shut down Amazon Care, an online telehealth service. A decision to terminate the program is likely to affect the app exclusively, and it doesn't refer to other Amazon units.