All the data agenda macro scheduled for next week is completely overshadowed by the elections that will take place next Tuesday in the United States, as all market agents around the world await their results.
However, we must not forget that two days later, the meeting that Jerome Powell’s team will hold at the Federal Reserve is also marked in red. The market hopes that, at its penultimate meeting before the end of the year, reduce the interest rate by 25 pointsup to 4.75%.
The question will then be whether they give any clues about what they will do at the last meeting, the one in December, in which investors are now doubtful of a new move or a pause after the latest data macroeconomics, where there are risks of a rebound in inflation.
This is why the data which will be published in the coming days of October PMI surveysin which it is estimated that they will clearly remain at expansion levels.
The results of these surveys will also be published in the Eurozone, China and the United Kingdom, where Bank of England to hold rate meetingin which a new reduction of 25 points is updated. In contrast, in Brazil, interest rates are expected to rise by half a percentage point, to 11.25%.
Turning to the Eurozone, inflation data for October was released this week, leaving its reading above what was expected, which also prompted expectations for the latest ECB meeting to calm down and abandon fixed income assets. . Furthermore, retail sales in Germany, which constitute the preamble to European sales, showed great vigor.
