From Investing.com: 2024-11-08 10:20:00

After Trump’s White House comeback, markets surge to record highs and Treasury yields hit 4-month highs. Expectations of lower interest rates fade as investors react to Trump’s potential economic policies. US CPI data due Wednesday is key post-election test for rate cut bets. October CPI expected to edge up to 2.5% y/y. Other key releases this week include producer prices, retail sales, Empire State Manufacturing index, and industrial production.

UK government bond yields spike following Labour government’s budget announcement. BoE cautious on rate cuts as borrowing requirements rise. UK GDP forecasted to slow to 0.2% q/q in Q3. Wage growth data and employment change figures to be released this week.

Eurozone outlook gloomier, but Q3 growth beats expectations. Germany’s ZEW economic sentiment survey and political developments in Germany to watch. Euro likely to remain stable amid current volatility.

Japanese yen continues to weaken post-US election. Uncertainty around BoJ’s next move keeps yen under pressure. Better-than-expected Q3 GDP data on Friday could provide slight lift to the yen. BoJ likely to wait until after spring wage negotiations before making rate decision.



Read more at Investing.com: Market Outlook: Trump’s Return, Key Economic Reports to Shape Trading Next Week