Traders will have their work cut out keeping up with Japan’s snap election, U.S. jobs data, a UK budget, euro zone growth numbers and a slew of third-quarter earnings.Here’s all you need to know about the week ahead:Five of the “Magnificent Seven” U.S. titans report quarterly results: Google parent Alphabet on Oct. 29, Microsoft and Facebook parent Meta Platforms on Oct. 30, and Apple and Amazon on Oct. 31.
But his Liberal Democratic Party could lose its absolute majority after Sunday’s election and fall short of enough seats to govern when combined with coalition partner Komeito.A disastrous loss could force Ishiba to fall on his sword, wresting the dubious mantle of shortest-serving prime minister from Sosuke Uno, who held office for under 10 weeks in 1989.
The 10-year gilt yield is about 18 bps higher this week, dragged up in part by rising U.S. Treasury yields, even after soft inflation fuelled hopes for UK rate cuts. The prospect of U.S. rates not falling as quickly as anticipated has boosted the dollar, while expectations for Republican Donald Trump to win the November election are hitting the euro, given the risk of a sharp rise in U.S. tariffs on European goods.
Besides looking for evidence of asset quality resilience, they want a sharper strategy, lower costs and the potential to outperform in a low growth global economy.