US stocks glide higher as risk-on appetite increases post-FOMC
Trio of rate holds expected from the Fed, ECB, and BoE this week
CPI drops more than expected in Europe, Spain’s IBEX 35 looking to break pre-COVID highs
EZ PI expected to drop further but speed of decline
UK Chancellor Hunt will deliver the 2023 autumn statement to MPs on Wednesday 22 November.
Gold moves higher as softer economic data weighs on US yields and the dollar
GBP/JPY aims to break higher but faces strong resistance
Markets have no doubt that the Fed will keep its rate unchanged despite stronger GDP data
Meta (META) will deliver its Q3 earnings after the closing bell on Wednesday. We preview what the markets are expecting heading into the results.
Amazon (AMZN) will deliver its Q3 earnings after the closing bell on Thursday. We preview what the markets are expecting heading into the results.
Markets look to the Bank of Canada and European Central Bank meetings this week for further insight into the future of rates.
Escalating tensions in the Middle East sees silver, gold, and oil all pushing higher
A preview of the upcoming UK jobs and CPI data and how it could affect UK assets.
The Q3 earnings season begins this week in the US, with banks taking centre stage. JPMorgan Chase & Co, Citigroup, BlackRock, and Wells Fargo will kick off the financial sector’s reporting season this Friday, 13 October, before the opening bell. They’ll be followed by Bank of America Corp. and Goldman Sachs on 17 October, and Morgan Stanley on 18 October.
US indices start to draw attention as traders focus on the outlook for Q4.