This week, the spotlight is likely to fall on the US mid-term elections. Polls suggest that there is an increasing likelihood for Democrats to take control of the House, but the chances of gaining majority in the Senate are less. We also have three central banks deciding on interest rates: the FOMC, the RBA and the RBNZ. That said, all three Banks are expected to keep interest rates untouched.
On Monday, during the European morning, the UK services PMI for October is due to be released and expectations are for the index to have declined for the second consecutive month. Specifically, the index is forecast to have declined to 53.3 from 53.9.
We get October PMIs from the US as well. The final Markit composite and services PMIs are coming out, as well as the ISM non-manufacturing index for the month. The final Markit prints are expected to confirm their preliminary estimates, while the ISM index is anticipated to have declined to 64.5 from 65.2.
On Tuesday, all lights are likely to fall on the US mid-term elections. All 435 seats in the House will be contested, as well as...
Last week, Australia’s inflation data showed that the headline CPI rate slid to +1.9% in Q3 from +2.1% in Q2, while the trimmed mean rate ticked down to +1.8% from +1.9%. Even though both rates are still slightly...
Read the full financial markets weekly outlook on JFD Research.