Reply To: Traders Market Weekly: Bull or Bear Trap Ahead of the Fed?

#46437
Truman
Participant

British Prime Minister Sunak postponed the Autumn fiscal statement from October 31 to November 17.
Deutsche Bank reported better than expected results while Mercedes beat estimates and raised its profit forecast for the full year.
Spain’s economy minister Calvino said that his country is not expected to fall into recession.
The European Central Bank is expected to announce a 75-bps rate hike tomorrow.
Eurozone’s September M3 Money Supply 6.3% yr/yr (expected 6.1%; last 6.1%) and loans to nonfinancials 8.9% yr/yr (last 8.7%)
France’s October Consumer Confidence 82 (expected 77; last 79)
Italy’s non-EU trade deficit EUR5.44 bln (last deficit of EUR5.79 bln)
Swiss October ZEW Expectations -53.1 (last -69.2)