1. U.S. Presidential Election
The highly-anticipated U.S. Presidential Election will be held on Tuesday. The Congressional Elections for the Senate and the House of Representatives will also be held on the same day.
Global financial markets were rattled last week by signs the U.S. presidential election race between Democrat candidate Hillary Clinton and Republican nominee Donald Trump was tightening.
2. U.S. EIA Weekly Oil Supply Report.
The U.S. Energy Information Administration will release its closely-watched weekly report on oil supplies for the week ended November 4 at 10:30AM ET (15:30 GMT) Wednesday.
Last week, the EIA reported that U.S. crude stockpiles increased by a whopping 14.4 million barrels, the most since records began, sending oil prices tumbling to five-week lows.
3. China October Trade Data.
China is to release October trade figures at around 02:00GMT on Tuesday (9:00PM ET Wednesday). The report is expected to show that the country’s trade surplus widened to $51.7 billion last month from $42.0 billion in September.
Exports are forecast to have dropped 6.0% in October from a year earlier, following a decline of 10.0% a month ago, while imports are expected to fall 1.0%, after decreasing 1.9% in September.
Additionally, on Wednesday, the Asian nation will publish data on October consumer and producer price inflation. The reports are expected to show that consumer prices rose 2.1% last month, while producer prices are forecast to increase by 0.8%.
4. September U.K. Manufacturing Production
The Office for National Statistics is to produce data on U.K. manufacturing production for September at 09:30GMT (4:30AM ET) on Tuesday, amid expectations for a gain of 0.4%. Industrial output is forecast to inch up 0.1%.
The Bank of England held interest rates at a record-low 0.25% last week, as was widely expected, but hinted it could raise rates in the coming months if inflation accelerates too quickly.
5. Reserve Bank of New Zealand Rate Review.
The Reserve Bank of New Zealand’s monetary policy update is due at 20:00GMT (3:00PM ET) on Wednesday. Most market analysts expect the central bank to cut its benchmark interest rate by 25 basis points to a record-low 1.75% to help meet inflation forecasts.
RBNZ Governor Wheeler will also hold a press conference following the decision.
