Markets are heading into a busy week after investors spent the past several sessions focused on returns from AI capital spending, the Federal Reserve’s hawkish hold, and a deep pullback in precious metals, according to Jin10, as cited by PANews. In equities, AI trades were hit by another round of selling.
In commodities, spot gold settled at $3,876.89 an ounce on Friday and fell 6.7% over October. Silver closed at $49.13 an ounce, down more than 18% for the month.
Key events on next week’s calendar
The following are the main events markets will watch in the coming week, with all times listed in Beijing time:
- Tuesday, time to be determined: 2026 U.S. midterm elections;
- Wednesday 18:00: eurozone October CPI preliminary year-over-year reading and preliminary month-over-month reading;
- Wednesday 21:30: U.S. September trade balance and the U.S. Treasury quarterly refunding announcement;
- Wednesday 22:45: final U.S. October S&P Global services PMI;
- Wednesday 23:00: U.S. October ISM non-manufacturing PMI;
- Thursday 18:00: eurozone September PPI month-over-month reading;
- Thursday 21:30: U.S. initial jobless claims for the week ending Oct. 31;
- Friday 17:30: FOMC permanent voter and New York Fed President John Williams, along with European Central Bank Chief Economist Philip Lane, will take part in discussions at the 2026 ECB Money Market Conference;
- Friday 21:30: U.S. October unemployment rate, October nonfarm payrolls, October average hourly earnings year over year, and October average hourly earnings month over month;
- Friday 23:00: preliminary U.S. November University of Michigan consumer sentiment and preliminary one-year inflation expectations for November.
Earnings season will be crowded
Next week will also be one of the busiest stretches of earnings season, with more than 100 S&P 500 companies set to report.
LSEG IBES data shows that more than half of the index has already released results, and third-quarter earnings growth is expected to reach 31.6%. Apple will report after the U.S. market closes on Monday Eastern Time. AMD and Qualcomm are also scheduled to release earnings next week.

