GRAPHIC-Take Five: Central bank trick or 扱う/治療する

Oct 27 (Reuters) - Central 銀行業者s will keep 投資家s on 警報 in the coming days, with the 日本銀行, the U.S. 連邦の Reserve and the Bank of England all 予定 to 会合,会う, while Apple 最高の,を越すs the 法案 for 収入s on both 味方するs of the 大西洋.

Here's your week ahead in markets from Elizabeth Howcroft and Amanda Cooper in London, Kevin Buckland in Tokyo, and 吊りくさび Krauskopf and Ira Iosebashvili in New York.

1/ SPOOKY YIELDS

It's no secret that the 日本銀行 has a penchant for surprises, making Halloween Tuesday a fitting day for its 政策 告示.

October's 全世界の 社債 market ructions have made the 会合 very much a live one, as 急に上がるing U.S. 財務省 産する/生じるs helped 押し進める Japan's (判断の)基準 to 10年間 highs every day for over a week.

While the 頂点(に達する) of 0.885% is still below the 日本銀行's 1% 政策 天井, that's partly because the central bank has been leaping into the market with 緊急 操作/手術s about twice a week on 普通の/平均(する). 夜通し 索引 交換(する)s 申し込む/申し出 a cleaner 見解(をとる) of where markets put 10-year 産する/生じるs without 日本銀行 干渉,妨害, popping as high as 1.0863% in 最近の days.

知事 Kazuo Ueda has 主張するd the bank will take a 患者 approach to 除去するing 刺激, but markets will remember his comments from late July about 持続するing accommodative 政策 - just days before the last surprise tweak.

2/ CORE EARNINGS

Apple headlines another busy week of U.S. 法人組織の/企業の 収入s, with the iPhone 製造者 報告(する)/憶測ing on Thursday.

株 of Apple, the largest company by market value, have helped 運動 公正,普通株主権 索引s higher this year along with 株 of other megacap U.S. tech and growth companies. But the 在庫/株 has pulled 支援する はっきりと s ince late July, when the S&P 500 攻撃する,衝突する its high for 2023.

Results already in from megacaps have 誘発するd a mixed reaction, with 株 of Alphabet and Tesla 低迷ing after their 各々の 報告(する)/憶測s.

消費者s' spending habits will also be on 陳列する,発揮する with other companies 始める,決める to 報告(する)/憶測 含む McDonald's on Monday, Caterpillar and Pfizer on Tuesday, Mondelez on Wednesday, and Starbucks and Eli Lilly on Thursday.

3/FED FACTOR

A bruised U.S. 株式市場 will turn its attention to the Fed 通貨の 政策 会合 on Wednesday, with 投資家s eager to hear policymakers' 見解(をとる)s on the 明言する/公表する of the economy and the 見通し for 利益/興味 率s.

未来s tied to the main 政策 率 show most 仲買人s don't 推定する/予想する the Fed to raise borrowing costs, though some believe a 率 増加する could come when the central bank 会合,会うs again in December.

調印するs that policymakers still ーするつもりである to keep 率s around 現在の levels through next year could 支える bets on その上の upside in 財務省 産する/生じるs, whose climb to their highest levels in more 15 years has 与える/捧げるd to a sharp sell-off in the S&P500.

The 索引 has fallen more than 10% since hitting a year-high in late-July, though is still up nearly 8% on the year.

4/A VERY BRITISH DILEMMA

How many policymakers does it take to 始める,決める 利益/興味 率s when インフレーション is high and the economy is flat-lining? The answer in the Bank of England's 事例/患者 is nine, and they will gather in 委員会 on Nov. 2 for their penultimate 会合 of 2023.

Ahead of the MPC's first 会合 of 2023, インフレーション was running at 10.1%, GDP showed 1% year-on-year growth and 利益/興味 率s were at 3.5%. 急速な/放蕩な 今後 to now, and year-on-year growth has halved, 率s are at 5.25% a nd インフレーション is still high at 6.7% - 井戸/弁護士席 above 4.3% in the euro zone and 3.7% in the 部隊d 明言する/公表するs.

The BoE, like other central banks, will want to 押し通す home the message that 率s won't 落ちる any time soon. 権利 now, markets are pretty sure of at least one, if not two, 削減(する)s next year.

It could take some 堅い talk to 転換 that.

5/CRYPTO SHINE

Bitcoin has had a stellar ride recently, with 仲買人s getting excited about the 可能性 that the U.S. 安全s and 交流 (売買)手数料,委託(する)/委員会/権限 could 認可する an 使用/適用 for a 位置/汚点/見つけ出す bitcoin ETF.

Earlier this month, bitcoin jumped はっきりと on a 誤った 報告(する)/憶測 that BlackRock's ETF 使用/適用 had been 認可するd. Last week, a 名簿(に載せる)/表(にあげる)ing of BlackRock's planned ETF on a (疑いを)晴らすing house website sent 相場師s into a frenzy - even after the (疑いを)晴らすing house said this was just 基準 practice for 未解決の 使用/適用s rather than a 調印する of any regulatory 是認.

Still, the cryptocurrency is 貿易(する)ing at around half the $69,000 頂点(に達する) it reached in November 2021.

一方/合間, the 詐欺 裁判,公判 of Sam Bankman-Fried, whose crypto 会社/堅い FTX 崩壊(する)d a year ago, is captivating crypto 選挙立会人s around the globe.

(Graphics by Pasit Kongkunakornkul, Sumanta Sen and Vineet Sachdev, 収集するd by Karin Strohecker, editing by John Stonestreet)

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