Investing.com -- It’s going to be a very busy week for investors, with a Federal Reserve meeting, the latest U.S. jobs report and earnings from technology heavyweight Apple that could set the direction for stocks and bonds the rest of the year. Here’s what you need to know to start your week.
The index has fallen more than 10% since hitting a year-high in late July, though is still up nearly 8% on the year.The key piece of economic data this week will be Friday’s nonfarm payrolls report for October. After a blockbuster 336,000 jobs were added in September, economists are expecting more moderate jobs growth ofyear-on-year, which would mark a post-pandemic period low.
Investors are expecting the BoE to keep rates on hold at a 15-year high of 5.25%, while leaving the door open to further hikes if necessary. Policymakers are also expected to reiterate that rates will need to remain around current levels for quite some time to come despite growing signs that the economy is flat-lining.
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Source: CNBC - 🏆 12. / 72 Read more »