Of course, the main focus today will remain on the US midterm elections and the decisive Democratic victory. However, several interesting macroeconomic releases will also be published in the background.
Before noon, attention will focus primarily on the Riksbank interest rate decision and preliminary Eurozone HICP inflation data. The market expects headline inflation to accelerate to 4.0% YoY from 3.8%, while core inflation is expected to remain unchanged at 2.2%.
In the afternoon, market attention will shift to the US. The key releases will be the ADP employment report and the ISM Services index, which could influence expectations for Fed policy and the US dollar. Later, oil market investors will receive the weekly EIA fuel inventory data. In the evening, it will also be worth watching the New Zealand labor market report, which could increase volatility in the NZD.
Detailed calendar for the day:
- 08:30 AM GMT, Sweden, Riksbank interest rate decision: expected 2.00%
- 10:00 AM GMT, Eurozone, preliminary core HICP inflation (YoY): expected 2.20%, previous 2.20%
- 10:00 AM GMT, Eurozone, preliminary HICP inflation (YoY): expected 4.00%, previous 3.80%
- 01:15 PM GMT, US, ADP employment change: expected +69k, previous +90k
- 01:30 PM GMT, Canada, trade balance: expected +CAD 4.1bn, previous +CAD 4.2bn
- 01:30 PM GMT, US, trade balance: expected -$108.0bn, previous -$105.6bn
- 03:00 PM GMT, US, ISM Services index: expected 54.8, previous 54.9
- 03:30 PM GMT, US, EIA crude oil inventories: expected +1.8mn barrels, previous -1.9mn
- 03:30 PM GMT, US, EIA distillate inventories: expected +0.3mn barrels, previous -1.5mn
- 03:30 PM GMT, US, EIA gasoline inventories: expected -0.75mn barrels, previous +3.9mn
- 09:45 PM GMT, New Zealand, HLFS labor market report – employment change and unemployment rate
Morning wrap (04.11.2026)
Daily Summary: Chips lift Wall Street on Election Day, oil drops amid progress in negotiations (03.11.2026)
Economic Calendar - Global series of industrial PMI indicators and tech giants' results
๐Morning Wrap: Oil falls after Qatar talks. China injects liquidity, while the US prepares for elections.
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