8:44 AM · 2 November 2020

Economic calendar: Intensive week begins

  • European futures point to more or less flat opening of the session today

  • US manufacturing ISM seen improving slightly in October

  • FED and BoE to announce rates, US elections this week

Investors are starting to focus on the US presidential election that will be held tomorrow. Opinion polls as well as betting markets give Biden a significant edge over Trump but one should keep in mind that the incumbent US President was not expected to win elections in 2016 either. Today's calendar is filled with manufacturing PMI releases for October. However, apart from Polish, SPanish and Italian releases, other reports will be revised. US manufacturing ISM is the key release of today's US session.

8:00 am GMT - Poland, manufacturing PMI for October. Expected: 51.1

8:15 am GMT - Spain, manufacturing PMI for October. Expected: 51

8:45 am GMT - Italy, manufacturing PMI for October. Expected: 53.5

8:50 am GMT - France, manufacturing PMI for October (final). Expected: 51

8:55 am GMT - Germany, manufacturing PMI for October (final). Expected: 58

9:00 am GMT - Euro area, manufacturing PMI for October (final). Expected: 54.4

9:30 am GMT - UK, manufacturing PMI for October (final). Expected: 53.3

2:45 pm GMT - US, manufacturing PMI for October (final). Expected: 53.3

3:00 pm GMT - US, manufacturing ISM for October. Expected: 55.6. Previous: 55.4

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