will the markets play at being scared before HALLOWEEN?
Editorial The somewhat more positive tone in the market persists due to the British MPs’ vote in favour of the agreement, but also thanks to stabilising macroeconomic indicators and a Q3 earnings season without any major disappointment. Nevertheless, there are still uncertainties and areas of fragility , and next week will be busy, with: 1/ an FOMC meeting faced with very strong expectations (implied probability of a rate cut: 90%), 2/ further details on the timing of Brexit and early elections 3/ a large number of macroeconomic indicators (see calendar below).