With the U.S. midterm elections ahead, U.S. economic data and policy meetings in various countries are scheduled one after another next week. The article organizes the key event schedules and market focus for North America, Europe, Asia and emerging markets.
In North America, a series of important U.S.-related events is scheduled from 2 to 6 November next week. On 2 November, the U.S. October ISM manufacturing index and Apple's earnings are due, followed on 3 November by U.S. September JOLTS job openings, on 4 November by U.S. October employment data and the trade balance, and on 5 November by the preliminary Michigan index, among other releases. These announcements and developments in the U.S. midterm elections will draw market attention.
In Europe, the BOE's policy rate announcement is scheduled for 5 November, along with publication of the meeting minutes and Monetary Policy Report. The possibility of further rate hikes at the next meeting in December is expected to be a market focus, and attention will also center on comments from BOE Governor Bailey.
In Asia and Oceania, China's manufacturing PMI is scheduled for 2 November, the RBA policy rate decision for 3 November, New Zealand employment and unemployment data and the BOJ's meeting minutes for 4 November, Australia's September trade balance for 4 November, and Japan's total cash earnings for 6 November. Rising Australian CPI and expectations for an RBA rate hike are the market's main focus.
Among emerging markets, Turkey's manufacturing PMI is due on 2 November, Turkey's CPI and Mexico's manufacturing PMI on 3 November, and the Bank of Mexico's policy rate decision on 5 November. The Bank of Mexico is expected to keep its policy rate unchanged.
The U.S. midterm elections and the policy direction of major central banks will be the market's focus next week. The release schedule across regions could affect movements in major currencies, including dollar/yen.