Weekly Macro Outlook: US midterm elections and nonfarm payrolls take center stage; US stocks await Apple and AMD earnings reports

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⚡️ Weekly Macro Outlook: US midterm elections and nonfarm payrolls take center stage; US stocks await Apple and AMD earnings reports

BlockBeats reports that November 2，November 2 to 8 this week, global markets will see a number of major events. US midterm elections, earnings reports from Apple and AMD, and October nonfarm employment data will be key market focuses. In addition, interest-rate decisions by the Bank of England and the Reserve Bank of Australia, the results of Israel's parliamentary election, and progress in trilateral Russia-US-Ukraine talks are also worth watching.

In technology stocks, Apple and AMD will release their latest earnings reports, serving as an important test following a blow to AI trading confidence. Apple is expected by the market to report revenue of approximately 113000000000 USD, which will also be the first earnings report since new CEO Ternus took office;AMD is expected by the market to report revenue of approximately 13000000000 USD, with progress on Helios racks and MI450 chips drawing attention. In addition, Qualcomm, Super Micro Computer, Coherent, Lumentum, and Berkshire Hathaway will also release results. Separately, reports say that Marvell is in talks to acquire Lumentum, with an announcement potentially coming as early as this week. Testing of Apple Intelligence's integration with Alibaba Qwen is planned to open on November 4.

On geopolitics,November 3 the US midterm elections will elect all 435 seats in the House of Representatives and 35 seats in the Senate. The outcome will affect the Trump administration's room to advance fiscal, tariff, and industrial policies over the next 2 years.November 4 Final results of Israel's parliamentary election are expected to be announced, while trilateral Russia-US-Ukraine talks are also scheduled to resume in Abu Dhabi this week.

Regarding macroeconomic data, the US October nonfarm payroll report will be released. Previously,September nonfarm job growth was only 29000 people, while the market expects October to add 65000 jobs. If employment data are strong, this could further reinforce market expectations of December Fed rate hikes and affect USD, US Treasuries, and gold.

Original link https://m.theblockbeats.info/flash/374930

Key points

According to BlockBeats,November 2 to 8 this week, the market will focus on US midterm elections, earnings reports from Apple and AMD, and US October nonfarm employment data.
The article states that Apple is expected by the market to report revenue of approximately 113000000000 USD，AMD is expected by the market to report revenue of approximately 13000000000 USD。
US September nonfarm job growth was 29000 people, and the market expectation cited in the article is that October will add 65000 jobs.
The article states that November 3 the US midterm elections will elect all 435 seats in the House of Representatives and 35 seats in the Senate.
Separately, reports say that Marvell is in talks to acquire Lumentum, with an announcement potentially coming as early as this week.
The article states that trilateral Russia-US-Ukraine talks are scheduled to resume in Abu Dhabi this week.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This is a list of events for the coming 1 weeks. Earnings reports are used to observe the operating performance of companies including Apple and AMD; the nonfarm payroll report reflects changes in US employment; and election outcomes may affect the Trump administration's room to advance fiscal, tariff, and industrial policies over the next 2 years. The revenue and employment figures mentioned in the article are partly market expectations, rather than final results that have already been released.

Why it matters to readers

The article considers earnings reports from Apple and AMD to be AI a test following a blow to trading confidence; if US employment data are strong, this may reinforce market expectations of December Fed rate hikes and affect USD, US Treasuries, and gold.

Beginners can distinguish between “released facts” and “market expectations”: actual earnings data,October nonfarm payroll results, election results, and progress in negotiations all await subsequent release; forecasts should not be treated as certain outcomes.

Risks and unknowns

The actual earnings reports and guidance of Apple and AMD have not yet been disclosed in the article.
US October nonfarm employment data have not yet been released; 65000 people is only a market expectation.
Marvell's acquisition of Lumentum is only reported to be under discussion; whether it will be completed or announced remains uncertain.
The resumption of trilateral Russia-US-Ukraine talks is planned; whether they will actually be held and their outcome are unknown.

Weekly Macro Outlook: US midterm elections and nonfarm payrolls take center stage; US stocks await Apple and AMD earnings reports

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