Wall Street, Oct. 26 -- Financial markets are preparing for an exceptionally busy week dominated by the Federal Reserve's penultimate monetary policy meeting of the year. Following softer-than-expected September consumer inflation figures and signs of a slowing labour market, investors are widely anticipating the US central bank will enact another 25 basis point interest rate cut on Wednesday.

Beyond the Fed's decision, the week will be packed with third quarter earnings reports, placing a significant spotlight on five of the 'Magnificent Seven' tech giants: Microsoft, Alphabet (Google), Meta Platforms (Facebook), Apple, and Amazon.

Market participants will also be closely monitoring major economic data releases, including the third qua...