{"id":30759,"date":"2022-10-17T03:41:28","date_gmt":"2022-10-17T03:41:28","guid":{"rendered":"https:\/\/errante.com\/?p=30759"},"modified":"2022-10-24T07:21:07","modified_gmt":"2022-10-24T07:21:07","slug":"the-week-ahead-17th-21st-october-2022","status":"publish","type":"post","link":"https:\/\/errante.com\/newsroom\/the-week-ahead-17th-21st-october-2022\/","title":{"rendered":"The Week Ahead: 17th – 21st October 2022"},"content":{"rendered":"\n

Overview of the Week Ahead<\/h2>\n\n\n\n

U.S. earnings season gets underway against a background of worries that the Federal Reserve\u2019s aggressive rate hike campaign could tip the economy into a recession. Investors will get an update on the U.S. housing market where the increase in borrowing costs has already led to cooling demand. Appearances by several Fed officials are also on the agenda. In the U.K., Jeremy Hunt will his first full week as Chancellor after Prime Minister Liz Truss was forced to fire his predecessor. Elsewhere, third quarter economic data out of China is likely to underline the challenges facing the world\u2019s number two economy, while in Japan the yen is back on intervention watch.<\/p>\n\n\n\n

China\u2019s key economic data this week will likely show a fragile recovery as stringent Covid policies, and a property-market slump continues to batter consumer and business confidence.<\/p>\n\n\n\n

European Union leaders meeting at the end of this week will explore a range of options for gas price caps, over which they have been divided for weeks, according to a new draft of conclusions for the Oct. 20-21 summit seen by Reuters.<\/p>\n\n\n\n

The EU’s 27 countries have been deadlocked for weeks over whether and how to cap gas prices as part of efforts to tame soaring energy prices, as Europe heads into a winter of scarce Russian gas, a cost-of-living crisis, and a possible recession.<\/p>\n\n\n\n

EU ambassadors will hold an extraordinary meeting in Luxembourg late on Monday to discuss the matter.<\/p>\n\n\n\n

Have your trading charts ready!<\/strong><\/p>\n\n\n\n

This Week\u2019s High-Impact Events<\/strong><\/h2>\n\n\n\n

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

Monday 17th<\/sup> October<\/strong><\/p>\n\n\n\n