U.S. Economy

Key events this week: U.S. Fed, BoE interest rate decisions; U.S. jobs report, UK PMI, Eurozone inflation and more

The central banks of India, the United Kingdom, and the United States will meet in the upcoming week.

These banks' monetary policy committees will announce their key decisions. Additionally, October jobs data for the US, and the Eurozone inflation data will be released. The October UK manufacturing PMI data is also awaited. Also, leading publicly traded companies in India and the US will also announce their earnings reports ending September quarter.

Let's take a look at the important policy, economic, and business events of the week starting October 31.

Eurostat, the Central Statistics Office (CSO) of the European Union, will provide the flash estimate of inflation in the Euro zone on November 1. Economists in a Reuters poll expect euro Let's take a look at the important policy, economic, and business events of the week starting October 31.

Eurostat, the Central Statistics Office (CSO) of the European Union, will provide the flash estimate of inflation in the Euro zone on November 1. Economists in a Reuters poll expect euro wide Harmonised Index of Consumer Prices (HICP) to fall to 9.7% on an annual basis from a record 9.9% last month.

The euro area annual inflation rate rose 1.2% month on month to 9.9% in September 2022, figures published by the European Union's statistics office Eurostat said of the consumer prices in the 19 countries.

The Institute of Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) report on business in the United States for the month of OCtober will be released on November 1. It is summarizing the economic activity in the manufacturing sector in the U.S. The September Manufacturing PMI registered 50.9%, 1.9% points lower than the 52.8% recorded in August.wide Harmonised Index of Consumer Prices (HICP) to fall to 9.7% on an annual basis from a record 9.9% last month.

The euro area annual inflation rate rose 1.2% month on month to 9.9% in September 2022, figures published by the European Union's statistics office Eurostat said of the consumer prices in the 19 countries.

The Institute of Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) report on business in the United States for the month of OCtober will be released on November 1. It is summarizing the economic activity in the manufacturing sector in the U.S. The September Manufacturing PMI registered 50.9%, 1.9% points lower than the 52.8% recorded in August.

International

A Green Hydrogen Bet, GM Expects EV Profits By 2025 And The World’s Population Hits 8 Billion

Challenges with supply chains and an incredibly slow production ramp-up of new electric vehicles continues but General Motors is still having a very good year financially and expects that to continue.

Investing Ideas

India: Pre-Ipo Investors are Offloading Paytm Shares. But Who Are Buying Them?

Paytm shares are oscillating around its life-time lows that has attracted bottom-fishing interest in some foreign institutional investors.

International

World Population Touches the 8 Billion Milestone; India to Replace China As Most Populated Country By 2030

The world touched 1 billion back in 1804, and the growth has gotten faster and faster over the subsequent two centuries.