It bounced back this morning, by 0.6%, led by mining stocks, tracking a rise in most metal prices after China unveiled new stimulus measures.

Investors will be focusing on the Bank of England’s monetary decision on Thursday. The US central bank also returns to center stage this week with a monetary policy decision on Wednesday. The market is not at all confident of another rate hike on this occasion, or even at the next meeting in December. It does, however, expect Jerome Powell to maintain a slightly threatening stance on the evolution of policy. How threatening? We’ll find out this week.

Like the previous week, with its rather dismal record, the week ahead is full of events. Along with the UK and the US, we also have central banks decisions from Japan, Brazil, Colombia, the Czech Republic, Malaysia, Egypt, Pakistan and the Dominican Republic. We'll also be treated to inflation figures (starting on Monday with Germany's October CPI) and activity indicators (China's "official" PMI on Tuesday and Caixin on Wednesday). Not to mention the monthly US employment report on Friday.

The corporate calendar is not to be outdone, with quarterly results from McDonald's, HSBC, Anheuser-Busch Inbev, Stellantis, Qualcomm, Airbnb, Shell, AXA, as well as the world's largest capitalization Apple, and the two new healthcare stars, Novo Nordisk and Eli Lilly.

Things to read today:

BlackRock warns investor disdain for mining threatens green transition (Financial Times)

Can Cathie Wood’s Ark conquer Europe? (Financial Times)

The Big Bond Market Event Wednesday Is at Treasury, Not the Fed (Bloomberg)