Here's a look at the week ahead in markets with the October U.S. jobs report and euro area inflation data in focus
A consequential week for markets also includes Friday's October U.S. payrolls report, with economists polled by Reuters forecasting the economy created 200,000 new jobs.The Bank of England looks set to raise rates by the most since 1989 on Thursday with a 75 bps increase
That is down from near-100% bets on a full percentage-point leap in the Bank Rate which were doused last week by new finance minister Jeremy Hunt when he reversed almost all of former Prime Minister Liz Truss's tax cuts.of Hunt and new Prime Minister Rishi Sunak until Nov. 17 will make it harder for the BoE to spell out its economic forecasts.
After delays caused by Britain's recent market mayhem, the BoE is also due to start selling bonds from its stimulus stockpile on Tuesday.An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan ErnstInflation in the bloc is running at almost 10% and the European Central Bank just deliveredLike other big central banks, the ECB is hoping for signs that peak inflation is coming.
Core inflation, which strips out volatile food and energy prices, was at 6% in September - well above the ECB's 2% target. No wonder some ECB officials are keen to take monetary tightening further byThe Reserve Bank of Australia is under pressure ahead of Tuesday's policy gathering. Its decision to slow hikes to a quarter point clip earlier this month reverberated through global markets as investors began to
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