Investors focus on ECB rate decision, US-China trade negotiations, corporate earnings; uncertain market outlook.

From Google: 2024-10-14 01:09:12

This week, investors are eagerly awaiting the European Central Bank’s rate decision, as it is expected to maintain its loose monetary policy to support the economy. In the US, Federal Reserve Chairman Jerome Powell will testify before Congress, providing insight into the central bank’s outlook on the economy.

Market participants will also be closely monitoring the latest developments in the US-China trade war, as recent negotiations have shown signs of progress. Analysts will be watching for any updates on tariffs and trade agreements between the two countries, which could affect global markets.

Meanwhile, corporate earnings season continues with big names like Disney, Coca-Cola, and Cisco reporting their quarterly results. Investors will be scrutinizing these reports for any indications of the impact of the ongoing trade tensions and global economic slowdown on corporate performance.

In the UK, the focus will be on the Bank of England’s interest rate decision. With Brexit uncertainty looming, analysts will be looking for any changes in monetary policy to mitigate the potential economic fallout. The decision could have significant implications for the pound and UK stocks.



Read more at Google: Week ahead in the markets: ECB rate decision takes centre stage – Euronews