Introduction to the Week Ahead
From China’s Singles’ Day shopping event to the oil monthly reports to the UN’s annual climate summit, this week is filled with significant events that will impact the global economy and environment. It’s essential to stay informed about these events to understand their potential effects on the world.
Monday’s Key Events
- The AI Summit in Seoul will focus on the convergence of AI, industry, and innovation.
- The COP30, UN Climate Change Conference, begins in Belem, Brazil, and will run through November 21.
- Japan will release its September leading index, and the Bank of Japan will publish the Summary of Opinions from its October 29-30 meeting.
- BOJ board member Nakagawa Junko and RBA Deputy Governor Andrew Hauser are set to speak at separate events.
- A hearing for former French President Nicolas Sarkozy regarding his request to be released from prison while appealing a conviction is scheduled.
- Norway will release its October CPI, and BOE Deputy Governor Clare Lombardelli will speak at the BOE/Bank of Ghana Pan-African Central Bank Governors’ conference.
- San Francisco Fed President Mary Daly and St. Louis Fed President Alberto Musalem will appear in interviews on Bloomberg Television.
Tuesday’s Highlights
- China celebrates its annual Singles’ Day shopping festival, featuring deeply discounted offers from e-commerce giants.
- It’s Veterans Day in the US, with bond markets closed, and many countries commemorate Armistice Day or Remembrance Day.
- Australia will release its November Westpac consumer confidence and October NAB business confidence data.
- Germany’s October ZEW survey expectations and the U.K.’s September/October employment data will be released.
- ECB Governing Council members will speak at various events, including Martin Kocher on inflation and rates.
- The U.S. will release its October NFIB Survey, and Brazil will publish its October CPI and central bank minutes.
Wednesday’s Agenda
- India will release its October CPI, and the RBA Assistant Governor Brad Jones will hold a fireside chat.
- OPEC will publish its monthly oil market report, and Italy will release its September industrial production data.
- ECB Vice President Luis de Guindos will speak at the FIBI International Banking Conference.
- The US Treasury Market Conference will take place at the New York Fed, with remarks from President John Williams and Treasury Secretary Scott Bessent.
- Fed Governor Michael Barr will speak on AI and innovation at the Singapore FinTech Festival.
Thursday’s Schedule
- Japan will release its October PPI, and Australia will publish its October employment data.
- The IEA will release its monthly oil market report, and EU finance ministers will meet to discuss topics including the revision of the energy taxation directive.
- The ECB will publish its Economic Bulletin, and the U.K. will release its Q3 GDP and September industrial production data.
- ECB Governing Council members will speak at various events, and the BOE rate-setter Megan Greene will discuss central bank independence.
Friday’s Events
- Election results are expected from India’s eastern state of Bihar.
- China will release its October property prices, retail sales, industrial production, and FAI data.
- The EU’s Economic and Financial Affairs Council will meet in Brussels to discuss the 2026 budget.
- The ECB Governing Council members will participate in a panel at the Singapore FinTech Festival.
- The filing deadline for third-quarter 13Fs will offer insights into the positions of many closely-watched hedge funds in the U.S.
Earnings
Over 2,700 companies are set to report their earnings this week, including newly IPO’d companies such as $ETOR, $GEMI, $BRCB, $VIA, $STUB, $FIGR, and $LGN. Other notable earnings include $TCEHY, $BABA, $CSCO, $AMAT, and $DIS.
Previews
Previews of the week’s economic and financial events highlight the significance of the Singles’ Day shopping festival, the COP30 conference, and the release of various economic data from around the world.
Focus on U.S. Economic Calendar
The U.S. economic calendar will be light due to the shutdown, with only the NFIB small business sentiment report and weekly mortgage applications and EIA inventories data scheduled for release. However, several Fed speakers are set to speak, despite the lack of new economic data.
Conclusion
This week is packed with significant events that will impact the global economy, environment, and financial markets. From shopping festivals to climate conferences and economic data releases, staying informed is crucial for understanding the potential effects of these events on the world. Despite the U.S. government shutdown affecting economic data releases, Fed speakers will continue to provide insights, and earnings reports from over 2,700 companies will offer a glimpse into the health of various industries.
