Earnings, US mid-terms to dominate markets this week

ASIAN markets were given a boost from the middle of last week on positive earnings reports from Wall Street and developments in US-China trade relations.

But as markets head into the first full week of November, all eyes will be on political developments in the US, with the mid-term elections on Nov 6.

Said Jameel Ahmad, global head of currency strategy and market research at FXTM: "Any optimism that political risk will take a backseat from influencing financial market movements (this week) will likely be faint, when you consider that the largest political risk event of 2018 is now just days away.