WEEK AHEAD: midterms, Seoul and a Gulf on edge
WEEK AHEAD: midterms, Seoul and a Gulf on edge
The week ahead is set by three dates: an election in Washington, a state visit in Seoul, and a deadline for Bulgaria's official results.
This week opens with President Erdogan in South Korea on a state visit, with defense industry, economy and energy cooperation at the top of the agenda. Seoul's welcome was warm, and both sides want concrete deals, not just ceremony.
On Tuesday, November 3, Americans vote in midterm elections that will decide control of Congress and shape the rest of Donald Trump's term. The result matters far beyond Washington: it affects Ukraine aid, trade policy, and, after a weekend of Gulf shipping attacks and Iranian threats, the timing of any US response in the Middle East.
By Wednesday, November 4, Bulgaria's official presidential results are due, confirming whether acting president Iliana Yotova's projected runoff win holds. A confirmed win would lock in Sofia's cautious line on Ukraine aid.
Further out, November 12 brings a decision point for Caribbean citizenship programs, a date subscribers have been watching as several states weigh changes to their passport offers. Details will be covered in this week's subscriber posts.
No central bank decisions fall this week in Türkiye, Kazakhstan, Uzbekistan, the eurozone or the United States, with the next round of rate calls due in December, so markets will trade on politics and headlines rather than policy.
What to watch: how Borsa Istanbul trades on Monday after its chief's detention; whether Binance outflows slow or keep running; whether Gulf shipping attacks continue after the US vote; and whether Bulgaria's official count matches the exit polls.
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