External broker reports(aggregated public sources), ABN AMRO

ABN AMRO

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External broker reports(aggregated public sources)

Macroeconomics

<div data-component-type="rich-text">United States – The upcoming week is dominated by the US presidential election, whose outcome is likely to have an immediate effect on various markets. In the shadows of the election, Thursday will see the conclusion of the Fed meeting, in which we expect the FOMC to decrease the policy rate by 25bps. Finally, on Tuesday the ISM services index is likely to drop back a bit relative to last month's surprisingly large increase.</div><div data-component-type="rich-text">Eurozone – A number of ECB officials are due to speak, and markets will be watching closely for hints on the outlook for rate cuts following the upside surprise in GDP. <a href="https://www.abnamro.com/research/en/our-research/eurozone-growth-surprise-eases-pressure-on-ecb-to-increase-rate-cut-pace" target="_blank" data-element-label="The data" data-element-type="textlink" data-element-target="https://www.abnamro.com/research/en/our-research/eurozone-growth-surprise-eases-pressure-on-ecb-to-increase-rate-cut-pace" data-v-bb3305c1="" rel="noopener">The data</a> supports our view that the ECB will stick to a 25bp pace, and further lowers the chance of a 50bp cut in December.</div>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

United States – The upcoming week is dominated by the US presidential election, whose outcome is likely to have an immediate effect on various markets. In the shadows of the election, Thursday will see the conclusion of the Fed meeting, in which we expect the FOMC to decrease the policy rate by 25bps. Finally, on Tuesday the ISM services index is likely to drop back a bit relative to last month's surprisingly large increase.Eurozone – A number of ECB officials are due to speak, and markets will be watching closely for hints on the outlook for rate cuts following the upside surprise in GDP. The data supports our view that the ECB will stick to a 25bp pace, and further lowers the chance of a 50bp cut in December.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The week ahead - 4 - 8 November 2024