Markets pushed higher to close in October despite high-profile earnings report misses, a central bank surprise decision, and uninspiring economic data. Leading U.S. indices include S&P500, NASDAQ composite, and Dow Jones Industrial Average, while European indices also moved higher.Moreover, cryptocurrency trading saw many spikes and all-time highs.Market optimism is tested as a slew of corporate earnings, non-farm payrolls, and a Fed meeting is expected to signal the start of QE tapering. Here’s what to expect in this week’s market 1. Earnings Seasons rolls on Last week’s Top performers Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL) have already reported earnings while Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), and Facebook (NASDAQ:FB) are lagging.A much wider amount of companies will report on Q3 results this quarter and includes travel companies, Tech companies, commodity producers, and industrials and pharmas.Supply chain issues will continue to raise flags as investors watch these reports and the impact of the Q3 U.S. growth slowdown will be at the top of mind when considering their respective outlooks. 2. Non-farm payrolls November’s nonfarm payrolls report will test the U.S. economic recovery’s strength after October’s disappointing jobs report and the muted benumbed GDP number.After the NFP missed expectations in the last two months respectively, expectations are set for 385K new jobs.It is still uncertain whether the pause in activity is temporary and due to either the summer delta variant surge or supply chain issues. 3. Fed Meeting The Fed Open Market Committee (FOMC) report comes out at 2 pm on Wednesday after a two-day meeting. On Thursday, the Bank of England releases its November monetary policy decision, with many in the markets expecting a 15 basis points hike. Debates over whether inflation is transitory or persistent and what that means for the pace of interest rate hikes for months or years remain.After the Bank of Canada’s announcement last week, that interest rates hikes are expected as soon as April 2022, the questions remain how quickly central banks will move away from pandemic-era measures and how the economy and market will react. 4. Manufacturing PMI reportsSupply chain uncertainty and various growth slowdowns will be in the spotlight as we enter the holiday season to finish 2021.A few PMI reports are coming out this week with China kicking off with a disappointing 49.2. The U.S., UK, Germany, and other Euro Zone countries will also report. Expansion above 50 on the index, is expected across the board and will also be an indicator of how the global economy is set up to finish this year and how long in advance consumers will have to purchase their holiday presents. 5. Another Bitcoin ETF and monetary tightening In the past two weeks, leading cryptocurrencies Bitcoin and ETH/USD have set new all-time highs. But, smaller and less grounded coins like Shiba Inu continue to make headlines.A third of Bitcoin ETF is expected to start trading, as the VanEck Bitcoin Strategy ETF (NYSE:XBTF) and is expected to list by Wednesday. How the crypto complex reacts to a tightening environment will be worth watching as much of the investment thesis of crypto is tied to inflation and the value of money.To learn more about the markets and trading visit MEXEM.