Fed and ECB Rate Decisions, Big Tech Earnings This Week

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This week’s macro focus includes the Fed’s rate decision on Thursday at 02:00 UTC, followed by Chair Walsh’s press conference at 02:30 UTC. U.S. Q3 GDP, PCE, and jobless claims will also be released. The ECB announces its rate decision at 21:15 UTC, with Lagarde speaking at 21:45 UTC. Japan’s BoJ follows on Friday, with Kuroda’s remarks at 14:30 UTC. Big tech earnings begin with Microsoft and Alphabet after Wednesday’s close, and Amazon on Thursday. Movements in risk-on assets and liquidity in crypto markets could react sharply to these events.

Huo Xing Finance reports that on October 26, here are the key market events this week (all times in Beijing Time): Thursday, 02:00: Federal Reserve FOMC announces interest rate decision; Thursday, 02:30: Federal Reserve Chair Powell holds a monetary policy press conference; Thursday, 20:30: U.S. Q3 real GDP annualized quarterly rate (initial estimate), U.S. September core PCE price index annual rate, U.S. September PCE price index annual rate, U.S. initial jobless claims for the week ending October 24, U.S. September personal spending monthly rate; Thursday, 21:15: European Central Bank announces interest rate decision; Thursday, 21:45: ECB President Lagarde holds a press conference; Friday: Bank of Japan announces interest rate decision; Friday, 14:30: Bank of Japan Governor Ueda Kazuo holds a press conference. This week, U.S. equities will enter the busiest week of this earnings season, with approximately one-third of S&P 500 constituents reporting results. Microsoft and Alphabet will release earnings after market close on Wednesday, followed by Amazon after market close on Thursday.

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