Let’s take a look at the FXTS Weekly Market Preview for the upcoming week 4th – 8th Nov 2024. Discover the key events of the week ahead, including economic data releases and the quarterly reports of publicly listed companies.
Check out our weekly market preview, where we outline the key events of the week ahead, including economic data releases and the quarterly reports of publicly listed companies.
Economic Highlights
This week, global attention will be fixed firmly on events in the United States, ahead of the 2024 US Presidential Election, which is set to drive significant market moves as investors assess the impact on fiscal and trade policy. Alongside the election, major central bank meetings and critical PMI data will shape market sentiment. In particular, the Federal Open Market Committee (FOMC) is expected to announce a 25-basis-point rate cut, according to multiple leading economists polled by Reuters.
In Europe, the Bank of England (BoE) is due to hold its November meeting, with the markets anticipating that it will resume its lowering of interest rates, after pausing at 5% in September. Other key releases which could shed light on economic conditions across Europe include the eurozone’s retail sales, Germany’s trade figures, and the UK’s Halifax House Price Index.
In the Asia-Pacific, central bank meetings in Australia and Malaysia are predicted to maintain current policy settings. Focus will also be on China’s trade and inflation data for signs of economic health, while Australia’s trade statistics and various inflation releases across South Korea, Thailand, and the Philippines should provide additional insights into the wider region’s economic outlook.
Monday 4th November
Earnings
- Vertex Pharmaceuticals Incorporated (VRTX) – Q3 2024
- Palantir Technologies, Inc. (PLTR) – Q3 2024
Releases
- Worldwide (Global Manufacturing PMIs between 1-4 November)
- Turkey (Inflation, October)
- United States (Factory Orders, September)
Tuesday 5th November
Earnings
- Ferrari N.V. (RACE) – Q3 2024
- Thomson Reuters Corp (TRI) – Q3 2024
Releases
- Worldwide (Services, Composite PMIs, & Global PMI between 5-6 November)
- South Korea (Inflation, October)
- Australia (RBA Interest Rate Decision)
- Indonesia (GDP, Q3)
- Thailand (Inflation, Oct)
- Switzerland (Unemployment Rate, October)
- France (Industrial Production, September)
- Spain (Unemployment Change, October)
- Canada (Trade, September)
- United States (Trade, September)
- United States (ISM Services PMI, October)
Wednesday 6th November
Earnings
- Novo Nordisk A/S (NVO) – Q3 2024
- Toyota Motor Corp Ltd Ord (TM) – Q2 2025
Releases
- New Zealand (Unemployment, Q3)
- Japan (BoJ Meeting Minutes, September)
- Germany (Factory Orders, September)
- Malaysia (BNM Interest Rate Decision)
- Taiwan (Inflation, October)
- United Kingdom (Construction PMI, October)
- Brazil (Trade, October)
- Canada (BoC Summary of Deliberations, October)
- Brazil (Banxico Interest Rate Decision)
Thursday 7th November
Earnings
- Arista Networks, Inc. (ANET) – Q3 2024
- Petroleo Brasileiro S.A.- Petrobras (PBR) – Q3 2024
- Airbnb, Inc. (ABNB) – Q3 2024
Releases
- Australia (Trade, September)
- China (Mainland) (Trade, October)
- Germany (Trade, September)
- Germany (Industrial Production, September)
- United Kingdom (Halifax House Price Index, October)
- Eurozone (Construction PMI, Oct)
- Sweden (Riksbank Rate Decision)
- Norway (Norges Bank Interest Rate Decision)
- Eurozone (Retail Sales, September)
- Mexico (Inflation, October)
- United Kingdom (BOE Interest Rate Decision)
- United States (FOMC Interest Rate Decision)
Friday 8th November
Earnings
- Paramount Global (PARAA) – Q3 2024
Releases
- France (Trade, September)
- Taiwan (Trade, October)
- China (Mainland) (Current Account, Q3 prelim)
- Italy (Industrial Production, Retail Sales, September)
- Brazil (Inflation, October)
- Canada (Unemployment, October)
- United States (University of Michigan Sentiment, November prelim)
For a more in-depth look at the upcoming week’s key events, visit our Economic Calendar.
