Economic Calendar - Will the Manufacturing ISM stay above 50?

November has begun! The month that is crucial for stocks due to Black Friday and for Midterm elections this year. Today is a day off in many European countries, but the major markets are operating normally. During the Asian session, we got a series of PMI readings, where most of them, unfortunately, remained below 50 points. The RBA also decided to raise rates by 25 basis points in line with market expectations.

This morning we have several PMI readings from smaller European countries, although most of them will not be crucial for the market. Today, the market attention will focus on PMIs from the UK and the US, where we will also get the ISM index for manufacturing and the JOLTS Job Openings.

Calendar:

09:30 (BST am) UK, Manufacturing PMI for October - final (exp.: 45.8; prev.: 45.8)

01:45 (BST am) USA, Manufacturing PMI for October - final (exp.: 49.9; prev.: 52)

02:00 (BST pm) USA, Manufacturing ISM for October (exp.: 50.4; prev.: 50.9)

02:00 (BST pm) USA, JOLTS Job Openings for October (exp.: 9.75m; prev.: 10.053m)

08:40 (BST pm) USA, API Crude Oil change weekly (exp.: -0.5 mb; prev.: 4.52 mb)

Earnings from Wall Street:

• Advanced Micro Devices (AMD.US) - after the session
• Airbnb (ABNB.US) - after the session
• Electronic Arts (EA.US) - after the session
• Pfizer (PFE.US) - before the session
• Uber (UBER.US) - before the session