Reply To: Traders Market Weekly: US Elections, Rates and Inflation


Russia will reportedly resume its participation in the Black Sea grain deal.
European Central Bank policymaker Nagel said that the ECB has a long way to go on rate hikes and that the central bank should begin reducing its bond portfolio at the start of 2023.
Shipping giant Maersk beat Q3 expectations but warned that demand for containers is falling.
Eurozone’s October Manufacturing PMI 46.4 (expected 46.6; last 48.4)
Germany’s October Manufacturing PMI 45.1 (expected 45.7; last 47.8). October Unemployment Change 8,000 (expected 15,000; last 13,000) and October Unemployment Rate 5.5%, as expected (last 5.5%). September trade surplus EUR3.7 bln (expected surplus of EUR700 mln; last surplus of EUR1.2 bln). September Imports -2.3% m/m (expected -0.4%; last 4.9%) and Exports -0.5% m/m (expected 0.1%; last 2.9%)
France’s October Manufacturing PMI 47.2 (expected 47.4; last 47.7). September budget deficit EUR146.60 bln (last deficit of EUR149.90 bln)
Italy’s October Manufacturing PMI 46.5 (expected 46.9; last 48.3)
Spain’s October Manufacturing PMI 44.7 (expected 47.5; last 49.0)