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Monday 2 November 2026
Friday close S&P 5007,376.86+0.3% Dow51,285.73−0.5% Nasdaq24,579.42+1.1% US 10Y4.86%+2 bp Gold$4,075−0.9% Brent$98.32 As of 6 November. CNBC, Yahoo Finance.
Economy

Midterms, payrolls and 2 rate decisions fill the week ahead

Americans vote on Tuesday and the October jobs report comes on Friday. The Reserve Bank of Australia and the Bank of England decide rates, and 31% of S&P 500 companies report.

Source published · In the Daily Brief of 2 November 2026

Filed under Economy, Markets

The midterm elections fall on Tuesday 3 November. The October employment report follows on Friday at 13:30 UTC, after a September gain of 29,000 jobs and an unemployment rate of 4.2%. Tech Insider puts expectations at about 55,000 jobs. The Institute for Supply Management (ISM) manufacturing index comes on Monday, after 54.5 in September with prices paid at 77.9, and job openings on Tuesday.

The Federal Reserve held at 3.75–4% last week in a 10-2 vote, with both dissenters wanting a rise, so a strong report would add to the case for one. The Reserve Bank of Australia is expected to raise its rate by 25 basis points on Tuesday, according to Yardeni Research, and the Bank of England also decides this week.

Earnings continue with Apple, Palantir, AMD, Qualcomm and Arm. Apple and Palantir are due after the close on Monday, according to Tech Insider.

Back to the Daily Brief of 2 November 2026