Top-of-mind economic news as we start the week:
— The U.S. added 261,000 jobs in October, significantly above estimates.
— The Federal Reserve increased the fed funds rate by another 75 basis points, a larger increase than many expected.
— Job openings surprisingly increased in September despite the Fed’s efforts to cool the labor market.
— The European Commission announced that it will invest €3 billion in cleantech projects aimed at supporting energy and industrial decarbonization.
— Luiz Inácio Lula da Silva defeated incumbent Jair Bolsonaro to become the new president of Brazil.
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