Week InAdvance: October 17, 2022
With earnings in full swing, investors will seek guidance on companies' growth prospects against the backdrop of a strong US dollar, high inflation and recession concerns. Bank of America Corp. and Goldman Sachs Group Inc.are among banks posting results.
The US housing market will also be in focus, with economists forecasting existing-home sales to drop for an eighth straight month — matching the longest string of declines since the housing market crashed in 2007.
The UK releases inflation figures for September following its recent gilt-market turmoil triggered by the government's package of unfunded tax cuts.
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