Top 5 things to watch in the market in the coming week

Investing.com – Thursday’s U.S. inflation data may provide some insight into when the pace of rate hikes by the Federal Reserve may start to slow. The outcome of the U.S. midterm elections on Tuesday will also be in focus, with control of Congress under threat. China is to release trade and inflation data as Beijing’s zero-coronavirus policy continues to take its toll on the economy. Meanwhile, the UK is due to release GDP data on Friday, which is expected to show the economy has entered a recession. Here’s what you need to know to start your new week.

2008 US inflation data 10002008 65
The U.S. will release October inflation data on Thursday, and market watchers are closely watching the Fed’s slump Signs that price pressures are cooling after the scale of interest rate hikes.

Federal Reserve Chairman Jerome Powell said last week that policymakers are likely to adopt higher-than-expected interest rates to curb soaring inflation , so a higher-than-expected reading could cement expectations that the Fed will continue its hawkish path. , but a lower-than-expected reading could make markets more concerned about the possibility of a recession. Economists expect annual inflation to reach 368.0%, the monthly inflation rate rose

0.7% . 200

US Midterm Elections
52 The U.S. is gearing up for Tuesday’s midterm elections when Congress takes control and President Joe Biden’s agenda for the remaining two years of his term will be threatened. Republicans have been leading the polls, and many analysts believe the likely outcome will be a divided government, with Republicans controlling the House of Representatives and possibly in Biden’s Controls the Senate for the second half of the term. Voter concerns about high inflation hit Democrats’ election hopes, Biden’s public approval rating has been below % over a year in 11% in a recent Reuters/ In an Ipsos poll. 169169
stock166169 52Wall Street Friday’s rebound ended a weak week, but the beleaguered stock market rally will be tested in the coming days by a double whammy of inflation data and the U.S. midterm elections.
Despite Friday’s gains, 2008 Dow Jones down 1.% of the week ended a four-week winning streak, 400 Standard & Poor’s 26

Shed 3.09% for one week and

NASDAQ down 5.36%, its maximum weekly percentage ge since January declined since. Inflation data has driven huge market volatility this year, with persistently high readings forcing investors to raise Fed expectations 200 Hike

. Analysts say the surprise victory for Democrats could spark criticism More concerns about the outlook for fiscal spending and inflation. According to Reuters data, U.S. stocks have fared better in times of government split, Standard & Poor’s 36

s return% in a divided Congress and % Republican control under a Democratic president of Congress, compared to

% When Democrats control both the President and Congress.

3419941000 China data 14958500 2008 week 5 Stocks in China and Hong Kong rose sharply on speculation that Beijing may ease policy soon. Strict zero COVID restrictions, but officials said Saturday the country is sticking to its policy. China will release

data Trade

, 166 Inflation

and

NEW Lending

The world’s second-largest economy is expected to remain weak in the coming week as the coronavirus outbreak dampens demand.

Beijing is also depleting foreign exchange reserves due to the release of data as authorities seek to prop up the yuan, which is in the midst of Worst year since .

has declined for eight consecutive months, China’s foreign exchange reserves are not far from the psychological level of $3 trillion since the Federal Reserve started raising interest rates in March, amid a broadly stronger dollar. 3610002008 UK GDP 1000

500 UK to release third on Friday Preliminary data on quarterly economic growth, expected to show a contraction 169 0.5% for the three months ending in September. Last Thursday Bank of England 2008 Hike
rose sharply as it tried to deal with inflation higher than

Risks arising from % and warned of a long-term recession. The Bank of England forecasts inflation to reach 09 – New Year High Approx. % in the quarter, but the UK Has entered a recession that could last two years – longer than in 36- financial crisis. — Reuters contributed to this report