The U.S. dollar hovered below a one-week high on Thursday and European stock markets opened flat as investors braced for three days of potentially market-moving news from the Federal Reserve's annual symposium in Jackson Hole.

When Federal Reserve Chairman Jerome Powell takes the stage Friday at the annual Jackson Hole, Wyoming, economic forum, he will face pressures ranging from President Trump's repeated calls for his resignation to a recent mix of worrying economic data.

Federal Reserve chair is under bombardment from Donald Trump and battling an insurgency within the central bank

India's equity benchmarks are set to open little changed on Thursday, following a five-session rally driven by tax-cut hopes, as investors await the Federal Reserve's annual symposium for rate trajectory cues.

The takeaway is that markets aren’t pricing in any sort of “succession premium” tied to any one chairman. The glidepath of monetary policy — regardless of Powell’s successor — appears structural, anchored to the Fed’s backward-looking framework . If that holds, it would mark a break from recent history.

The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.

The U.S. dollar was little changed on Wednesday as traders awaited a speech from Federal Reserve Chair Jerome Powell at the annual Jackson Hole central bankers' symposium later this week for clues on the path of monetary policy.

The Nasdaq fell as megacaps lost, after having rallied for much of the year. Nvidia fell 3.5%, the biggest drop in nearly four months.