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

PMI data 7595 166

First look at European business activity in September​​​​​ , PMI data for Eurozone and UK

This

Eurozone Purchasing Managers Index
has been less than

two months level that separates contraction from expansion – suggesting that with energy shocks and monetary policy tightening, the euro zone may enter recession sooner than previously thought. last Thursday,72 World Bank Warning , the world economy has slowed sharply, and even “a moderate hit to the global economy could slip into recession next year” as central banks raise interest rates at the same time to combat persistent inflation.

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US equities 1000 166 U.S. stocks closed lower on Friday, S&P 75
and400 weighed down by inflation concerns, looming rate hikes and ominous economic warning signs, the Nasdaq had its biggest weekly percentage drop since June. U.S. stocks have not changed significantly this year. Due to the high inflation data, the Federal Reserve may continue to raise interest rates faster and further than previously expected. thereby increasing the likelihood of an economic recession. “Although the market expects the Fed to raise interest rates sharply next week, there are huge uncertainties and concerns about future rate hikes, David Carter, managing director of JPMorgan in New York, told Reuters on Friday. “The Fed is doing what it needs to do. After some pain, the markets and the economy will heal on their own.” – Reuters Contributed to this report