US Rate Decision Looms as Tech Earnings, Geopolitical Meetings Dominate Week
WASHINGTON D.C. & OSLO, Norway – global markets brace for a pivotal week as the Federal Reserve’s interest rate meeting takes centre stage alongside key earnings reports from tech behemoths and a high-profile diplomatic encounter between former US president Donald Trump and Chinese President Xi Jinping. The confluence of economic data, corporate performance, and geopolitical maneuvering is poised to substantially impact investor sentiment and shape market trajectories.
The Federal Reserve’s Wednesday meeting is widely anticipated to offer clues about the future path of monetary policy, with persistent inflation and a resilient labour market creating tension between continued rate hikes and concerns about triggering a recession.Together, Wall Street will be closely scrutinizing quarterly results from Alphabet, Meta, Microsoft, Amazon, and Apple – bellwethers of the tech sector – for indications of consumer spending and future growth. Adding another layer of complexity, former President Trump is scheduled to meet with President Xi in South Korea on Thursday, a perhaps important development given ongoing trade and geopolitical tensions between the two nations.
Key Events This week:
* Wednesday, October 29: The Federal Reserve’s interest rate decision will be released, alongside quarterly earnings from Equinor, Nordic Semiconductor, Telenor, Nel, and others. Wall Street will also report results from alphabet, Meta, and Microsoft. Sweden’s GDP figures are also due.
* Thursday, October 30: EU interest rate decisions and GDP data will be published alongside US BNP figures. Former President Trump is scheduled to meet with chinese President Xi Jinping in South Korea.Amazon and Apple will release thier quarterly earnings.
* Friday, October 31: US inflation data (PCE) will be released, providing further insight into the state of the American economy. Norges Bank will announce its krone purchase plans for november, and Nav will publish unemployment statistics.
