AUSTRALIAN DIARY: Everything you need to know about the week ahead for markets

It's a particularly quiet week of data ahead on the domestic calendar as we approach the end of the month.

Internationally, markets will be focused on the annual two-day meeting of central bankers in Jackson Hole, Wyoming on Thursday and Friday.

After Asian markets closed on Friday, US stocks closed the week down 0.2% following a 1.5% fall on Thursday - the second worst day of the year for the S&P500.

Markets seemingly breathed a sigh of relief as news spread that Gary Cohn, the chair of the government's National Economic Council, would not be resigning.

Capital flows moved back out of save haven assets, with the US dollar gaining against the yen after USD/YEN had fallen below 109 for the first time since April.

Gold also eased back after briefly climbing above $US1,300 for the first time since before the US election last November.

The Australian dollar moved back above US79 cents and closed the week at 0.7931.

The week ahead

There are no headline data releases scheduled this week on the Australian calendar.

Monday will kick off as usual with CoreLogic's weekly house price index, followed by the ANZ-Roy Morgan consumer confidence index on Tuesday.

On Wednesday the ABS has the monthly producer price index data for June.

Looking abroad, all eyes will be on the Jackson Hole conference with European Central Bank President Mario Draghi and US Fed chair Janet Yellen both scheduled to speak.

This year's meeting arrives as both the US and European economies are showing broad signs of strength, but inflation growth remains below the target range of 2-3%.

While historically Jackson Hole has been used by central bankers as a platform to send signals to the market, a Reuters report said Draghi isn't planning to use the forum to announce any major changes in ECB policy. US Fed chart Yellen will make a speech on financial stability on Friday.

The US will also have data this week on new/existing homes sales and durable goods orders.

While neither are key data releases, a recent turnaround in US data has helped provide a floor for the US dollar and a continued run of good second-tier data points could further boost positive sentiment around the greenback.

This week will also see the release of PMI data in Europe, the US and Japan with results expected to confirm that the global economy is steadily improving.

Here's this week's calendar of domestic data releases along with key events abroad (via ANZ):