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Week ahead – Fed minutes and European PMIs highlight a calm week
video The economic calendar is relatively light next week, with the most crucial release being the euro area’s preliminary PMIs, which will reveal whether growth is headed for a contraction in Q4. In America, the minutes of the latest Fed meeting could add some color around the decision to hit ‘pause’ on rate cuts and clarify if the Fed intends to let the economy run hot. In the broader market, risk appetite will be driven by trade news, where the mood has soured lately. The main event next week, at least in terms of the data, will be the preliminary Eurozone PMIs for November that are due on Friday. ... (full story)