Global Stock Markets Enter a Packed Week as Tech Stocks Fall and Hedge Funds Cut Exposure Brenda Mary | usagoldmines.com

TLDR:

• Markets price roughly an 80% chance of another Fed rate hike in December, according to Bull Theory. 
• The U.S. October jobs report is forecast at 60K, after 29K in September, with unemployment at 4.2%.
• Apple, Palantir, AMD, Qualcomm, Arm, and Cloudflare are among the companies reporting earnings.
• Control of Congress is at stake in the Nov. 3 midterms that could reshape Washington’s approach to AI. 

Global stock markets enter a week packed with political and economic events. The U.S. midterm elections, key jobs data, central bank decisions, and earnings from major AI companies all arrive within five days.

Tech stocks are already falling, and hedge funds are cutting their exposure. The schedule runs from Monday, November 2, through Friday, November 6. Traders now watch how these events could overlap and shape market direction before the week closes.

Politics, Earnings, and Rate Decisions Fill the Calendar

Bull Theory shared the weekly schedule in a post on X. The account listed each event by day, along with the market forecasts attached to them. The post also noted that tech stocks are already crashing. In addition, hedge funds are aggressively cutting their exposure.

Monday brings the ISM Manufacturing PMI, with a forecast of 54.7. Apple is expected to report revenue of $113.4 billion, and Palantir also reports earnings. On Tuesday, the U.S. midterm elections will follow, and control of Congress is at stake.

Australia is also expected to raise its rate to 4.85% on Tuesday. JOLTS job openings arrive the same day. AMD, Arista, Astera Labs, Shopify, and Eaton report earnings as well. These reports arrive while the AI trade is already struggling.

Wednesday includes ADP employment, forecast at just 65K jobs. ISM Services PMI is expected at 54.8, and Eurozone inflation is forecast at 3.9%.

Qualcomm, Arm, AppLovin, Coherent, Uber, and Datadog will report earnings. Together, these releases cover employment, services activity, and inflation across the United States and Europe.

Jobs Data and Fed Expectations Add Pressure

Thursday features the Bank of England rate decision. The decision adds another central bank event to the week, after Australia’s decision on Tuesday.

U.S. jobless claims and Challenger job cuts are also due. Microchip, Lumentum, Cloudflare, and Airbnb will report earnings.

Friday closes the week with the U.S. October jobs report. Forecasts call for 60K jobs, after 29K in September. The unemployment rate is expected at 4.2%, while Michigan consumer sentiment is forecast at 47.3, near record lows. These figures arrive at the end of a week already loaded with data.

According to Bull Theory, the larger risk is how these events could reach global stock markets at the same time. Markets price roughly an 80% chance of another Fed rate hike in December.

A weak jobs report could raise concern about the U.S. economy. As a result, global stock markets could react to several releases in a short window.

Stronger inflation data, meanwhile, could make it harder for the Fed to ease policy. The midterm elections could also reshape Washington’s approach to AI.

This comes as AMD, Arm, Qualcomm, and other chipmakers report earnings. Disappointing guidance could add pressure to an already struggling AI trade. Each of these factors keeps global stock markets on alert.

The post Global Stock Markets Enter a Packed Week as Tech Stocks Fall and Hedge Funds Cut Exposure appeared first on Blockonomi.

This articles is written by : Nermeen Nabil Khear Abdelmalak

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