As every Sunday, the most important news from the past week, as well as the most important dates for the coming week.
Also as a video:
https://youtube.com/shorts/c-hHZ-ofdzk?si=XdNrltdC-g0IgxIv
Sunday:
Javier Milei's course is backed by the population. La Libertad Avanza' won in almost all of Argentina and achieved 40.67%. However, Donald Trump had intervened in the election campaign shortly beforehand and promised a USD 40 billion package if Milei won.
Monday:
According to ifo, the mood in the economy is better than expected. Sentiment is improving in almost all sectors except chemicals. However, the situation remains tense. Ifo head Clemens Fuest warned of a dramatic situation at the weekend. Because private investment is continuing to fall in relation to government spending.
Wednesday:
$MBG (-2,28%) Mercedes Benz has declines in turnover, sales and profits. However, the figures were well received by the stock market. The main reason for this is the special charges due to severance programs, which reduce profits in the short term but lead to lower personnel costs in the long term.
With a 10 to 2 rating, the Fed lowers interest rates again by a quarter of a percentage point to the new range of 3.75% - 4%. At the same time, the Fed ends QT and does not reduce the Fed's balance sheet any further. In addition, the Fed warns of a cooling of the labor market. However, Powell holds out the prospect of no further interest rate cuts in December.
https://www.cnbc.com/2025/10/29/fed-rate-decision-october-2025.html
Thursday:
As expected, the ECB leaves the key interest rate at 2%. Inflation is close to the ECB's target (2%) and the labor market is developing better than expected.
The Bank of Japan has not changed its key interest rate either, but is preparing to raise interest rates. Provided inflation and the economy develop as forecast.
https://de.investing.com/news/economy-news/bank-of-japan-belasst-leitzins-bei-05-3206223
Friday:
The inflation rate in the eurozone eases again somewhat, falling to 2.1% in October. In September, inflation was still at 2.2%. Experts had expected this decline.
These are the most important dates for the coming week:
Monday: 16:00 Industrial data (USA)
Thursday: 13:00 Interest rate decision (UK)
Thursday: 14:30 Labor market data (USA)
Can you think of any other dates?