The European Deal was at the center stage last week, grabbing attention of all the market participants. The main events to look out for the next week are as under :

• The Federal Open Market Committee is scheduled for a two day meeting on Tuesday, which will be followed by a statement in the Press conference to be addressed by the Chairman Mr. Ben Bernanke on Wednesday. The Market participants are not expecting any policy announcement from the current meeting as the economy showed better growth signals last week. The Q3 GDP data released last week showed that the economy grew 2.5% in the third quarter, which was more than double the growth of the second quarter.

• The October Unemployment Report is scheduled to be released on Friday. The Analysts fear that the unemployment rate will still be around the 9% mark and less than 100000 jobs created in the month of October.

• Key Manufacturing data like the ISM Manufacturing Index will be released on Tuesday, whereas the Chicago PMI on Monday. Manufacturing in the month of October is expected to expand.

• Quarterly Results of Whole Foods market Inc, Kraft Foods Inc, Starbucks Inc & Prudential Financial Inc. will also be watched for.