US Election

Political stability is a cornerstone of economic prosperity, shaping the trajectory of nations and their development. It provides the bedrock upon which businesses flourish, investments thrive, and societies prosper. In this article, we delve into the pivotal role that political stability plays in economic performance, exploring its multifaceted impact on various aspects of the economy. From fostering investor confidence to promoting policy continuity, political stability is essential for creating an environment conducive to sustainable growth and development.

Key events: USA – Core Retail Sales (MoM) (Oct) USA – Retail Sales (MoM) (Oct) Canada – Core CPI (MoM) (Oct) UK – BoE Gov Bailey Speaks      UK – Inflation Report Hearings      Eurozone – ECB President Lagarde Speaks      USA – Crude Oil Inventories  

Key events: USA – Crude Oil Inventories   One can`t but be concerned about the midterm elections, right? Worrying about what the makeup of the U.S. Congress will be after the election is always present. Curiously, the stock market usually drops during the period until the first Tuesday after November 1 in election years, but then rises sharply until the second quarter of the following year.

Key events: USA – EIA Short-Term Energy Outlook   The two main catalysts for this week could either revive the fading stock rally or end it.

Key events: Eurozone – ECB President Lagarde Speaks   U.S. stock indices were up in trading on Friday but finished the week in the red, and the drop in Nasdaq Composite became the maximum since January. Most importantly, the market was supported on Friday by the statistical data on unemployment in the USA for October, which showed that the labor market remains strong, but began to lose momentum to growth.