Sellers take control and U.S. stock indices fall to their lowest levels in two months.

The last full week of August brings forth a US-centric economic calendar.

S&P 500 starts the week under pressure as downside momentum persists.

Both EUR/USD and GBP/USD rates hit fresh yearly lows today.

Major stock indices are off to a rocky start as risk assets remain vulnerable to changes in sentiment. DAX, FTSE and DJI all face an uphill battle towards Jackson hole.

Market sentiment soured last week as Federal Reserve officials stood firm on further rate tightening. The US Dollar surged higher, pressuring US stocks, cryptos and gold. Traders await Jackson Hole.

European indexes began the week on the back foot as risk appetite waned. Firmer US Dollar indicative of investor caution in global markets

The S&P 500 dropped from the recent high as Fed speakers reaffirmed the appetite for more hikes, bolstering the dollar. PCE data in focus after cooler CPI earlier this month