{"id":12264,"date":"2020-10-05T07:39:58","date_gmt":"2020-10-05T07:39:58","guid":{"rendered":"https:\/\/errante.net\/the-week-ahead-5th-9th-october-2020\/"},"modified":"2020-10-05T07:39:58","modified_gmt":"2020-10-05T07:39:58","slug":"the-week-ahead-5th-9th-october-2020","status":"publish","type":"post","link":"https:\/\/errante.net\/hi\/the-week-ahead-5th-9th-october-2020\/","title":{"rendered":"The Week Ahead 5th \u2013 9th October 2020"},"content":{"rendered":"\n

Market Outlook for Today<\/strong> <\/h2>\n\n\n\n

Shares rose Monday in Asia as investors were encouraged by positive reports about President Donald Trump\u2019s health after he tested positive for the coronavirus. <\/p>\n\n\n\n

Trump briefly ventured out in a motorcade on Sunday to salute cheering supporters. Trump\u2019s medical team reported that his blood oxygen level had dropped twice in recent days, and that they gave him a steroid typically only recommended for the very sick. They also said his health is improving and that he could be discharged as soon as Monday. <\/p>\n\n\n\n

Japan\u2019s benchmark Nikkei 225 gained nearly 1.4% to 23,340.52. South Korea\u2019s Kospi jumped 1.3% to 2,357.93, while Australia\u2019s S&P\/ASX 200 surged 2.4% to 5,932.20. Hong Kong\u2019s Hang Seng rose 1.6% to 23,825.56. Markets are closed in Shanghai until Friday. <\/p>\n\n\n\n

Stephen Innes, chief global market strategist at Axi, said global markets were focused on Trump\u2019s recovery. <\/p>\n\n\n\n

\u201cIt is difficult to look beyond the trajectory of U.S. President Trump\u2019s illness in mapping out the contours of price action in the week ahead<\/a>,\u201d he said in a report. <\/p>\n\n\n\n

\u201cBy reducing uncertainty around a possible delay to the U.S. presidential election, the initial market reaction should be positive for risk assets, with U.S. equities and oil prices, for example, reversing Friday\u2019s declines<\/a>,\u201d Innes said. <\/p>\n\n\n\n

Shares jumped in Japan, Hong Kong, South Korea and Australia, where volumes were lower than normal because of a holiday. S&P 500 futures climbed after U.S. equities finished lower on Friday in a volatile day for global financial markets. <\/p>\n\n\n\n

Crude oil pared some of Friday\u2019s slump. The pound fluctuated following a weekend call between U.K. Prime Minister Boris Johnson and European Commission President Ursula von der Leyen on\u202fBrexit<\/a>. The dollar slipped. <\/p>\n\n\n\n

In other news, New York plans to\u202fcrack down<\/a>\u202fon coronavirus hot spots as cases surge, while the French government is said to be looking at further restrictions in Paris. <\/p>\n\n\n\n

Overview for the Week Ahead<\/strong> <\/h2>\n\n\n\n

The Reserve Bank of Australia is forecast to keep interest rates and its three-year yield target unchanged at 0.25% on Tuesday.  Also, on Tuesday, Fed Chair Jerome Powell and ECB Chief Economist Philip Lane deliver keynote addresses at the NABE conference. <\/p>\n\n\n\n

On Wednesday, the minutes of the Sept. 15-16 meeting of the FOMC could be especially fruitful for Fed watchers, beginning with details of the debate on conditions necessary to trigger a rate increase and the U.S. Vice Presidential debate takes place in Salt Lake City on Wednesday. <\/p>\n\n\n\n

Though the final formal round of talks is over, the British government expects trade negotiations to continue\u202fup to\u202fthe EU summit in mid-October. <\/p>\n\n\n\n

All these events and more have the potential to influence the markets which means there is plenty of trading opportunities. <\/p>\n\n\n\n

Today’s High Impact Events<\/strong><\/h2>\n\n\n\n

The times below are GMT+3.<\/p>\n\n\n\n

Monday 5th<\/sup> October<\/strong><\/h3>\n\n\n\n