Economic calendar: PMIs to steal the show

European futures erased overnight gain
US presidential debate did not move markets
Avalanche of PMI releases from Europe and the United States

European futures traded higher overnight but erased most of the gains during the previous hour. Indices from the Old Continent are seen opening either flat or slightly lower now. Final US presidential debate was a much calmer event than the first face-off between Trump and Biden. Candidates focused on policies and refrained from making too many personal attacks. Markets barely saw any reaction to the event. Today's calendar is dominated by flash PMI releases from Europe and the United States for October. It is expected that most of the European releases will show weaker readings than in September.

8:15 am BST - France, PMI indices for October.

Manufacturing. Expected: 51. Previous: 51.2
Services. Expected: 46. Previous: 47.5

8:30 am BST - Germany, PMI indices for October.

Manufacturing. Expected: 55.1. Previous: 56.4
Services. Expected: 49.2. Previous: 50.6

9:00 am BST - Euro area, PMI indices for October.

Manufacturing. Expected: 53.1. Previous: 53.7
Services. Expected: 47. Previous: 48

9:30 am BST - UK, PMI indices for October.

Manufacturing. Expected: 53.1. Previous: 54.1
Services. Expected: 54. Previous: 56.1

2:45 pm BST - US, PMI indices for October.

Manufacturing. Expected: 53.4. Previous: 53.2
Services:. Expected: 54.6. Previous: 54.6

Noteworthy US earnings

American Express (AXP.US) - before market open

5 November 2025, 10:01

BREAKING: Eurozone PPI in line with expectations.

5 November 2025, 09:00

BREAKING: European Services PMIs Slightly Above Expectations in October. EURUSD slightly up!

5 November 2025, 07:46

BREAKING: France's industrial production exceeds expectations! EURUSD slightly up!

5 November 2025, 07:23

Economic calendar: Key Macroeconomic Data from Europe and the US in Focus for Markets (05.11.2025)

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Economic calendar: PMIs to steal the show

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