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Key Events and Data Forecast This Week: US Midterm Elections, Non-Farm Payrolls, China's Foreign Reserves

On November 2, the key events and data forecast for this week are as follows: 1. Monday: ① Data: China's October RatingDog Manufacturing PMI; Switzerland's September actual retail sales year-on-year; final values of October Manufacturing PMI for France, Germany, Eurozone, and the UK; final values of October S&P Global Manufacturing PMI for the US; October ISM Manufacturing PMI for the US; September construction spending month-on-month for the US; ② Events: Today, there are $1 trillion in overnight reverse repos and 56 billion yuan in 7-day reverse repos maturing. ③ Earnings Reports: Apple (AAPL.O), Palantir (PLTR.N), etc. 2. Tuesday: ① Data: Reserve Bank of Australia's interest rate decision as of November 3; Switzerland's October CPI month-on-month; September JOLTs job openings in the US; September factory orders month-on-month in the US; ② Events: The Reserve Bank of Australia announces its interest rate decision and monetary policy statement, with Chairman Lowe holding a monetary policy press conference; 2027 FOMC voting member and Chicago Fed President Goolsbee speaks; speeches by ECB Governing Council members Lagarde, Müller, Kocher, and others; 2026 US midterm elections; ③ Holiday: Tokyo Stock Exchange in Japan closed for Culture Day; ④ Earnings Reports: Pfizer (PFE.N), AMD (AMD.O), BioNTech SE (BNTX.O), etc. 3. Wednesday: ① Data: US weekly API crude oil inventories; China's October RatingDog Services PMI; final values of October Services PMI for France, Germany, Eurozone, and the UK; preliminary values of October CPI for the Eurozone; October ADP employment numbers for the US; September trade balance for the US; final values of October S&P Global Services PMI for the US; October ISM Non-Manufacturing PMI for the US; US weekly EIA crude oil inventories, weekly EIA Oklahoma Cushing crude oil inventories, and weekly EIA Strategic Petroleum Reserve inventories; ② Events: ECB Governing Council member Nagel and Chief Economist Lane speak; US Treasury releases quarterly refinancing announcement; the 24th China Semiconductor Packaging and Testing Technology and Market Annual Conference will be held from November 4-6 at the Fengda International Hotel in Nanjing; ③ Earnings Reports: Qualcomm (QCOM.O), Arm (ARM.O), Uber (UBER.N), McDonald's (MCD.N), etc. 4. Thursday: ① Data: France's September industrial production month-on-month; Switzerland's October seasonally adjusted unemployment rate; Eurozone's September PPI month-on-month; October Challenger job cuts in the US; Bank of England interest rate decision as of November 5; initial jobless claims in the US for the week ending October 31; October Global Supply Chain Pressure Index for the US; US weekly EIA natural gas inventories; ② Events: Bank of Japan releases minutes from September monetary policy meeting; speeches by ECB Governing Council members Müller and Executive Board member Schnabel; Bank of England releases interest rate decision, meeting minutes, and monetary policy report, with Governor Bailey holding a monetary policy press conference; Swiss National Bank President Jordan speaks; 2026 FOMC voting member and Cleveland Fed President Mester speaks on stablecoins and safe-haven currency exchange rates; 2027 FOMC voting member...

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