{"id":15800,"date":"2021-10-25T07:46:04","date_gmt":"2021-10-25T07:46:04","guid":{"rendered":"https:\/\/errante.net\/?p=15800"},"modified":"2021-10-25T07:46:04","modified_gmt":"2021-10-25T07:46:04","slug":"the-week-ahead-25th-29th-october-2021","status":"publish","type":"post","link":"https:\/\/errante.net\/ru\/the-week-ahead-25th-29th-october-2021\/","title":{"rendered":"The Week Ahead: 25th \u2013 29th October 2021"},"content":{"rendered":"\n

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

The week ahead brings earnings reports from several tech giants including Amazon and Apple. There are also some key economic reports in the coming week, including a first look at U.S. third-quarter GDP on Thursday. The European Central Bank holds its latest meeting against a background of persistent inflation pressures.<\/p>\n\n\n\n

The Fed is likely to start tapering in November and the Bank of England has indicated that interest rate hikes are coming soon so the question is, will the ECB follow?<\/p>\n\n\n\n

Thursday\u2019s post-policy meeting press conference with ECB head Christine Lagarde will likely give investors a clue into December\u2019s decision.<\/p>\n\n\n\n

Evergrande has bought another week to deal with the looming debt crisis casting a shadow over the world\u2019s second-largest economy and the Bitcoin rollercoaster rolls on.<\/p>\n\n\n\n

Bitcoin<\/a> hit an all-time high of $67,016 on Wednesday, rising above April\u2019s record propelled by bets the first U.S. bitcoin futures exchange-traded funds would pave the way for more money to pour into digital assets.<\/p>\n\n\n\n

The new ETFs track bitcoin futures rather than the cash price.<\/p>\n\n\n\n

The new peak came after the world\u2019s largest digital currency had struggled in recent months, briefly dipping below $30,000 as China cracked down on digital currencies.<\/p>\n\n\n\n

Bitcoin volatility looks set to continue.<\/p>\n\n\n\n

Turkey\u2019s lira<\/a> slid to a record low amid a diplomatic spat. The lira fell after Turkey\u2019s President Recep Tayyip Erdogan said 10 ambassadors, including from the U.S., Germany, and France, were no longer welcome. They had demanded the release of a businessman and philanthropist.<\/p>\n\n\n\n

Traders are also monitoring an outbreak of the delta virus strain in China<\/a> that is expected to worsen. The nation sought to allay concerns about the economy\u2019s slowdown with a lengthy state media commentary outlining how the government is managing risks and remains confident about achieving its targets for the year.<\/p>\n\n\n\n

This Week\u2019s High Impact Events<\/strong><\/h3>\n\n\n\n

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

Monday 25th<\/sup> October<\/strong><\/p>\n\n\n\n