Upcoming events in the New York market include the scheduled release of major US economic indicators, along with a succession of hearings and speeches by officials from major central banks. Developments related to the US midterm elections are also expected to remain in focus.
At 00:00 on the 4th, the US JOLTS job openings report for September is due, with a forecast of 7.15 million, compared with 7.079 million previously. This will be followed by new US manufacturing orders for September, forecast at 1.1% versus 0.1% previously, month on month. Also at 00:00, the preliminary US durable goods orders report for September is due, forecast at 1.8% versus 1.8% previously, month on month. Core orders excluding transportation are expected to be 0.5%, unchanged from the previous reading.
At 1:00, Bank of Canada Governor Macklem and Senior Deputy Governor Rogers are scheduled to appear before the House of Commons Standing Committee on Finance.
At 2:00, Bundesbank President Nagel is expected to discuss the roles of Germany and France in Europe. At 3:15, De Nederlandsche Bank Governor Sleijpen is scheduled to speak.
The US midterm elections will be a major focus, covering 435 seats in the House of Representatives, 35 Senate seats and gubernatorial elections in 36 states. The schedule may be subject to change.
From this day onward, spillover effects are expected depending on developments in the New York market, requiring attention to trends in the foreign exchange, equity and commodities markets.