Huo Xing Finance reports: On November 1, the week of November 2 to 8 will bring several major global events. The U.S. midterm elections, earnings reports from Apple and AMD, and the October non-farm payroll data will be key market focal points. Additionally, interest rate decisions by the Bank of England and the Reserve Bank of Australia, the outcome of Israel’s parliamentary election, and progress in trilateral negotiations between Russia, the U.S., and Ukraine are also worth monitoring. In the technology sector, Apple and AMD will release their latest earnings reports, serving as a critical test of investor confidence in AI-related trading following recent setbacks. Apple’s expected revenue is approximately $113 billion, marking the first earnings report under new CEO Tim Cook; AMD’s expected revenue is around $13 billion, with market attention focused on the progress of the Helios cabinet and MI450 chips. Additionally, Qualcomm, Super Micro Computer, Coherent, Lumentum, and Berkshire Hathaway will also announce their financial results. Reports indicate that Marvell is currently in discussions to acquire Lumentum, with an announcement potentially coming as early as next week. Apple’s integration of Apple Intelligence with Alibaba’s Qwen is scheduled to open for testing on November 4. On the political and geopolitical front, the U.S. midterm elections on November 3 will renew all 435 seats in the House of Representatives and 35 seats in the Senate; the outcome will influence the Trump administration’s capacity to advance fiscal, tariff, and industrial policies over the next two years. The final results of Israel’s parliamentary election are expected to be announced on November 4, while trilateral negotiations among Russia, the U.S., and Ukraine are set to resume in Abu Dhabi next week. On the macroeconomic front, the U.S. October non-farm payroll report will be released. Following September’s non-farm job growth of only 29,000, market expectations for October stand at an addition of 65,000 jobs. A strong employment report could further reinforce market expectations for a Federal Reserve rate hike in December, impacting the dollar, U.S. Treasuries, and gold. China’s October foreign exchange reserves data will also be released.
Next Week’s Macro Outlook: U.S. Midterm Elections and Nonfarm Payrolls in Focus
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Summary
Liquidity and crypto markets remain sensitive ahead of key macro events next week, including the U.S. midterms and the October nonfarm payrolls report. The election will determine 435 House seats and 35 Senate seats, influencing the trajectory of Trump’s policy agenda. Apple and AMD will report earnings, with revenue forecasts at $113 billion and $13 billion, respectively. The nonfarm data, expected to show 65,000 jobs added, could signal a potential Fed rate hike in December. Meanwhile, CFT regulations may regain attention amid shifting political dynamics.
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