Americans head to the polls on Tuesday for midterm elections to decide control of both chambers of Congress, the governorship in 36 states, and countless other local races and ballot initiatives. Democrats risk losing their House majority to Republicans but are seeking to keep their narrow hold on the Senate.

Markets will watch the latest US inflation reading on Thursday after the core consumer price index rose more than forecast to a 40-year high in September. Even if prices begin to moderate, the CPI is far above the Federal Reserve's comfort zone.

COP27, the first United Nations climate change conference to be held in Africa in six years, started Sunday in the Egyptian Red Sea resort of Sharm El-Sheikh. The summit takes place in the shadow of the Russia-Ukraine war, which has sparked global food and energy supply crises.