As the trading week gets underway, focus for much of it will be on the USA.
US market updates
This Thursday we’ll hear from the US central bank, the Federal Reserve. No changes to interest rates are expected this month – but last Friday's strong employment numbers (250,000 jobs added in October, versus the 200,000 the market was expecting) have raised expectations of another move higher in the US base rate in December.
And of course, this Tuesday, American voters go to the polls for the US mid-term elections. It is tempting to say that no surprises are expected here – but given the actions of voters over the last couple of years versus what the opinion polls were expecting, there is always the potential for some adverse market reaction.
Global stock markets recovery
The past week has seen global stock markets regain some of the losses made during October – although Friday saw a weaker performance after those strong job numbers. Nevertheless, investors do seem a little more confident going into this week, so further recovery for shares seems likely.