Hi there and welcome to the working week.
On Tuesday, Individuals will lastly put paid to months of hypothesis once they head to the poll field. Monetary Instances journalists have painstakingly chronicled each twist and switch over this marathon election cycle. But the polls have remained utterly deadlocked.
I gained’t weigh in on the controversy about whether or not that is probably the most consequential American election ever. However what’s actually true is that Nato member states, Ukraine, China, the Center East and Russia will all have their eyes mounted on the US because the outcomes pour in. Anticipate dispatches from across the globe because the world digests the state of play. The FT’s first-class information journalism group will even be working across the clock to provide you a forensic breakdown of the numbers because the rely ticks up over Tuesday night time and Wednesday morning.
Dovetailing with the election is the Federal Reserve’s rate-setting assembly on Thursday this week. Economists are betting on a quarter-point reduce, because the US closes in on its 2 per cent inflation goal. But the shadow of the election looms. The Fed is aware of that if the White Home modifications tack with respect to tariffs, for instance, it is going to danger imperilling the progress it has made in curbing inflation if it doesn’t act.
Traders might be watching the central financial institution carefully. Relying on who wins Tuesday’s vote, they could need to revise their predictions on the tempo and dimension of price cuts going ahead.
Although US information will dwarf that of the UK, the Financial institution of England will convene on Thursday. Markets have digested final week’s Funds, and although taxes had been elevated to file highs, the trajectory of monetary policy is unlikely to alter all that a lot, based on economics commentator Chris Giles. Analysts are predicting a quarter-point reduce to the coverage price.
There are many firm studies on the horizon. Carmakers BMW, Toyota and Nissan will submit their earnings this week, with buyers keenly watching the impact of stalling electrical car gross sales on the sector. Weight problems drugmaker Novo Nordisk’s earnings are additionally hotly anticipated, as analysts weigh the affect of the corporate’s stiffening competitors.
Another factor . . .
Final month, a beforehand undiscovered Chopin waltz was discovered at a library vault in New York. I intend to mud off my keyboard and try to play it this week. I hear myriad tales from adults who used to play musical devices as youngsters, however then stopped when faculty or work or parenthood obtained in the best way. This touching piece from the FT archive is an encouraging reminder of the advantages of selecting your instrument again up — and the life lessons doing so can teach you.
What are your priorities for the following seven days? E-mail me at harvey.nriapia@ft.com or, in case you are studying this out of your inbox, hit reply.
Key financial and firm studies
Here’s a extra full record of what to anticipate by way of firm studies and financial information this week.
Monday
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EU: HCOB Manufacturing PMI information launched for October
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Outcomes: BioNTech Q3, Ryanair Holdings HY
Tuesday
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Australia: Reserve Financial institution of Australia rate of interest choice
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China: Caixin Providers PMI information for October
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Outcomes: Adecco Group Q3, Asos FY, Related British Meals annual outcomes, Bouygues Q3, Deutsche Publish (DHL Group) Q3, Hugo Boss Q3, Nintendo Q2 2025, Ørsted Q3, Saudi Aramco Q3, Schaeffler Q3, Thomson Reuters Q3, Zalando Q3
Wednesday
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Outcomes: BMW Q3, Commerzbank Q3, CVS Well being Q3, Gilead Sciences Q3, Henkel AG & Co Q3, Hensoldt Q3, JFE Holdings HY, Marks and Spencer HY, Novo Nordisk Q3, Pandora Q3, Puma Q3, Qualcomm This fall, Toyota Q2
Thursday
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UK: Financial institution of England rate of interest choice
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US: Federal Reserve rate of interest choice
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EU: Retail gross sales launched for September
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Outcomes: Air France-KLM Q3, Banca Generali Q3, BT HY, DBS Q3, Euronav Q3, Halliburton Q3, Hershey Q3, Moderna Q3, Nippon Metal Q2, Nissan Q2, Rheinmetall AG Q3, Sainsbury’s HY, Statkraft Q3, Wizz Air HY, WK Kellogg Q3
Friday
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US: Michigan shopper sentiment index for November
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Canada: Unemployment price figures for October
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Outcomes: IAG Q3, Sony Group Corp Q2 2025
World occasions
Lastly, here’s a rundown of different occasions and milestones this week.
Monday
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South Korea: South Korean and EU officers are to carry their first strategic dialogue in Seoul to debate Russia’s deployment of North Korean troops
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UAE: Annual power business occasion ADIPEC begins with Opec’s secretary-general and executives from high oil and gasoline firms in attendance
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China: The Nationwide Folks’s Congress Standing Committee will start its weeklong assembly during which it’s anticipated to concern extra debt to revive the nation’s flagging economic system
Tuesday
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US: Presidential election
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EU: Finance ministers will meet in Brussels to debate finance for Ukraine, laws on VAT, the Restoration and Resilience Facility and the local weather
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UK: Man Fawkes Day
Wednesday
Thursday
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EU: ECB’s Philip Lane, Isabel Schnabel and Frank Elderson give speeches; European political neighborhood to satisfy in Budapest
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US: Federal Open Market Committee holds press convention
