US Election, Fed and BOE meeting to dictate global markets move this week- Daily Market Update 4 Nov 2024

The US presidential election will be held on Nov. 5 between Vice President Kamala Harris and Republican challenger Donald Trump.

Besides politics, the attention will be on the Federal Reserve meeting from Nov. 6-7 where policymakers decide whether the US economy and inflation are cooling enough to warrant another rate cut.

Bank of England will also make its own rate decision with a similar expectation of a 25-bps cut.