Markets brace for a high-stakes week featuring U.S. midterm elections on Tuesday and critical October nonfarm payrolls data on Friday, alongside a heavy slate of corporate earnings including Apple, AMD, and Qualcomm. The economic calendar also includes Eurozone CPI preliminary figures, ISM services PMI, and initial jobless claims, with FOMC voter Williams and ECB Chief Economist Lane scheduled to speak at the ECB Money Market Conference.
Recent trading highlighted concerns over AI capital expenditure returns, a hawkish Federal Reserve stance, and sharp corrections in precious metals. Spot gold closed October down 6.7% at $3,876.89/oz, while silver plummeted more than 18% to $49.13/oz. With over half of S&P 500 companies already reporting, third-quarter earnings growth is projected at 31.6%, according to LSEG IBES data.
Macro Outlook: Nonfarm Payrolls, Midterm Elections, and Big Tech Earnings Set Stage for Volatile Week
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
