• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Fed, inflation and Alphabet, Microsoft and Amazon earnings set the week

FinanceInternationalXTB.com45 s readAI summary
Image: XTB.com

Markets face a busy week: the Fed will decide monetary policy on Wednesday, October 28, with the market expecting it to hold rates at 3.75%-4.00%. Alphabet and Microsoft report earnings the same day, and Amazon on Thursday. The September PCE and the first estimate of third-quarter US GDP will also be published. Decisions are due from the Bank of Canada, the ECB, the Bank of Japan and the Reserve Bank of New Zealand, and on Friday from Colombia's Banco de la República, with its reference rate at 12.25%.

In 45 seconds

  • The Fed would announce its decision on Wednesday, October 28; futures reflect more than 90% probability of holding rates at 3.75%-4.00%.
  • Alphabet and Microsoft report on Wednesday and Amazon on Thursday, amid doubts over returns on AI spending.
  • September PCE will be released on Thursday, after the Fed, along with the first estimate of third-quarter GDP.
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading