Business Lookahead: Ready for an action-packed week?

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STORY: From U.S. jobs data, to the aftermath of Japan's snap election, these are the stories to watch in business and finance in the coming week.

:: Lookahead

:: Megacaps, then jobs

It's a full-on week of U.S. earnings with five of the "Magnificent Seven" reporting quarterly results: Alphabet, Microsoft, Meta Platforms, Apple and Amazon.

Key jobs data is due on Friday.

It'll come just ahead of the U.S. election on Nov. 5...as well as a potential 25-basis-point rate cut from the Federal Reserve two days later.

:: Election aftermath in Japan

Japanese equities, hurt by the uncertainty around the outcome of Sunday's election, are on the backfoot.

If the Liberal Democratic Party holds onto power but loses its absolute majority, it may have to take on an additional coalition partner.

That could force Prime Minister Shigeru Ishiba to shelve some market-unfriendly policies he has favored.

The Bank of Japan is expected to hold steady at its meeting ending on Thursday.

:: Budget day in Britain

Britain's new Labour government unveils its first budget on Wednesday.

Finance Minister Rachel Reeves is staring down high debt, public spending pledges and a promise not to hike income tax.

Markets fear extra borrowing and tax grabs on capital gains, dividends and inherited wealth.

:: Euro woes

The euro has posted only four up-days in the last month – one of its worst runs ever and its weakest performance since the sovereign debt crisis in May 2012.

With the currency bloc's economy sputtering, the European Central Bank is expected to ramp up rate cuts.

European powerhouse Germany is deteriorating faster than any other industrialized country...and the coming week brings data on growth and inflation that are unlikely to offer much reassurance.