Week Ahead – w45
Summary Key Macro Events
EU and British Brexit negotiators will continue talks in Brussels on Monday and until around mid-week (2)
ISM Manufacturing for October (2)
Hong Kong’s embattled leader, Chief Executive Carrie Lam, will begin a three-day trip to Beijing to discuss plans to revive the financial hub’s economy – Nikkei (3)
In Australia, investors expect the central bank will cut rates on Tuesday, coupled with the introduction of further quantitative easing, though the they are unsure of the exact mix – FT (3)
Americans will vote on Tuesday to decide whether Donald Trump or Joe Biden will be president of the US (3)
ISM Services for October (4)
Ant Group makes its much-anticipated stock market debut in Hong Kong and Shanghai after successfully concluding the world’s largest initial public offering (5)
The Bank of England announces its policy decision on Thursday after a meeting where the latest lockdown announcement over the weekend will have loomed large – FT (5)
The Federal Reserve will hold its meeting a day later than usual because of the election, with a policy announcement due at 2pm on Thursday (5)
Employment Report for October (6)
Earnings
This Week's Most Notable #Earnings (via @eWhispers)
*Mon: $PYPL $CLX $ANET $SEDG
*Tues: $W $RACE $HUM
*Wed: $QCOM $HLT $H $WEN $MTCH $MELI $PAYC
*Thurs: $SQ $BABA $PTON $UBER $GM $PZZA $ROKU $NET $EA $TTWO $GOLD $SPCE $AZN $BMY $CRON $TTD
*Fri: $CVS $IMGN $MAR $VIAC$SPY $QQQ pic.twitter.com/JtrpYaR0EA— Jesse Cohen (@JesseCohenInv) November 1, 2020
#earnings for the week https://t.co/lObOE0dgsr $PYPL $SQ $BABA $CLX $ROKU $W $PTON $QCOM $WING $SWKS $CVS $GOLD $NET $SPCE $GM $HZNP $LL $MPC $AZN $WM $TTD $EL $DBX $AYX $ON $ZNGA $CWH $AMCX $MELI $SEDG $REGN $CPE $LDOS $AMRN $UBER $BMY $KPTI $LITE $HUM $WEN $BHC $MCK $CPLP pic.twitter.com/HukZHD8G6u
— Earnings Whispers (@eWhispers) October 31, 2020
U.S. Faces Biggest Week of 2020 With Election, Fed, Jobs Report – Bloomberg
*Link: https://t.co/iYi3wtawc1 pic.twitter.com/xAMXoY7Yiu— Christophe Barraud (@C_Barraud) November 1, 2020
US election, Fed and BoE meetings, American jobs data https://t.co/oAGKdszyEt
— FT Economics (@fteconomics) November 1, 2020
Your Week in Asia
— Trump vs Biden
— Ant Group debut
— TikTok in courthttps://t.co/0bxhACfHqj— Nikkei Asia (@NikkeiAsia) November 1, 2020
*Here are https://t.co/HMaYPuSux7's #Top5ThingsToWatch this week:
* #PresidentialElection
*Wall Street volatility
*Fed meeting
* #NonFarmPayrolls
*BoE meetinghttps://t.co/9f1AdO7946— Investing.com (@Investingcom) November 1, 2020
UK and EU officials are zeroing in on a solution to break the 8-month-long deadlock over one of the biggest obstacles to their planned trade deal https://t.co/UiHnk6xiTR
— Bloomberg Economics (@economics) November 1, 2020
The U.S. central bankers are widely expected to hold fire on any additional stimulus measures in the midst of the election. Powell may though leave the door open to adjusting Fed bond purchases at a later meeting, perhaps as soon as December https://t.co/lrLANaV4Ab pic.twitter.com/zzwvd0pbyQ
— Bloomberg Economics (@economics) November 1, 2020
The Bank of England looks certain to unleash another burst of monetary stimulus this week as new coronavirus lockdowns shock the economy and put yet more pressure on government finances (via @_DavidGoodman & @lucy_meakin) https://t.co/dFsWNVoMgg
— Bloomberg Economics (@economics) November 2, 2020
Focus on Economic Calendar
Schedule for Week of November 1, 2020 https://t.co/vdjuLmopr1 The key report this week is the October employment report on Friday.
The FOMC meets on Wednesday and Thursday this week, and no change in policy is expected.
— Bill McBride (@calculatedrisk) October 31, 2020
Note: October Employment Report Will Show a Decrease of 147,000 Temporary Census Workers https://t.co/E5HQgaRZPF
— Bill McBride (@calculatedrisk) October 27, 2020
U.S. ECONOMIC DATA THIS WEEK:
*ISM MANUFACTURING PMI (MON.)
*PRESIDENTIAL ELECTION (TUES.)
*ADP NONFARM PAYROLLS (WED.)
*ISM SERVICES PMI (WED.)
*FED DECISION (THURS.)
*JOBLESS CLAIMS (THURS.)
*NONFARM PAYROLLS (FRI.)
*UNEMPLOYMENT RATE (FRI.)⚠️ https://t.co/zssQozcKnb$SPY pic.twitter.com/c2GE27of2N
— Investing.com (@Investingcom) November 1, 2020
Top 10 Macro/Financial Charts of the Previous Week – w44
⚠ Top 10 Macro/Financial Charts of the Week – w44 ⚠
HT @jsblokland, @TaviCosta, @BittelJulien, @jessefelder, @vol_christopher, @dlacalle_IA, @fwred, @JeffreyKleintophttps://t.co/WfQwMDwSZD
— Christophe Barraud (@C_Barraud) November 2, 2020