Economic calendar: All eyes on the US election

10:04 am 3 November 2020

  • US Presidential Election
  • US factory orders
  • API report
US presidential elections are unquestionably a key event of the day therefore economic calendar is certainly going to be secondary today. Latest polls suggest that former Vice President Joe Biden is maintaining his strong lead against President Donald Trump in key battleground states. Results of today's election may have a material impact on market risk sentiment, though the outcome may not be known for weeks. Much will depend on the margins of victory, with mail voting expected to delay the outcome for a number of U.S states. On the data front, September factory orders and API report are due out later today.
 
7:30 am BST – Swiss Consumer Price Index Y/Y (Oct). Expected: -0.6% Previous: -0.8%
3:00 pm BST – US Factory Orders (SEP). Expected: 1.0%. Previous: 0.7%
9:40 pm BST –  Crude Oil Stocks (API). Expected: 1.3 mln barrels. Previous: 4.58 mln barrels
9:45 pm BST – New Zealand Employment Change QoQ (Q3). Expected: -0.8%. Previous: -0.4%
9:45 pm BST – New Zealand Unemployment Rate (Q3). Expected: 5.4%. Previous: 4.0%

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