24.10.202516:50:19UTC+00Week Ahead - Oct 27th

Next week promises a series of significant monetary policy announcements. The Federal Reserve's Federal Open Market Committee (FOMC) will convene without the benefit of customary data, owing to the ongoing U.S. government shutdown. Similarly, rate decisions are anticipated from the European Central Bank, the Bank of Japan, and the Bank of Canada. Although the U.S. economic data remains uncertain due to the shutdown, this will be counterbalanced by the release of key earnings reports from major corporations such as Microsoft, Apple, Alphabet, Meta, Amazon, Visa, Mastercard, UnitedHealth, NextEra, Eli Lilly, AbbVie, Exxon Mobil, and Chevron. Attention will also focus on the meeting between U.S. President Trump and Chinese President Xi Jinping, as it may bring developments in trade and other issues between the two dominant global economies. In other regions, GDP data is expected from the Eurozone and its major countries, as well as from Mexico and South Korea, while Canada will release its monthly figures. Additionally, China is set to publish its Purchasing Managers' Index (PMI) data, and inflation reports will be forthcoming from both Australia and the Eurozone.