Next Week's Memo

November 3 (Monday)

Japan holiday market closed

New Zealand September building permits month-on-month: previous value up 5.8%

Australia October S&P Manufacturing PMI final value: initial value 49.7

Australia October TD-MI inflation index month-on-month: previous value up 0.4%

Australia September building permits month-on-month: forecast up 5%; previous value down 6%

South Korea October S&P Manufacturing PMI: previous value 50.7

Vietnam October S&P Manufacturing PMI: previous value 50.4

China October S&P Manufacturing PMI: forecast 50.7; previous value 51.2

Taiwan October S&P Manufacturing PMI: previous value 46.8

India October HSBC Manufacturing PMI final value: initial value 58.4

Italy October HCOB Manufacturing PMI: previous value 49

France October HCOB Manufacturing PMI final value: initial value 48.3

Germany October HCOB Manufacturing PMI final value: previous value 49.6

Eurozone October Manufacturing PMI final value: forecast 50; initial value 50

UK October S&P Manufacturing PMI final value: initial value 49.6

Switzerland October CPI year-on-year: forecast up 0.3%; previous value up 0.2%

Switzerland October CPI month-on-month: forecast no change; previous value down 0.2%

Switzerland October Manufacturing PMI: forecast 48.2; previous value 46.3

US October S&P Manufacturing PMI final value: initial value 52.2

US October ISM Manufacturing Index: forecast 49.2; previous value 49.1

US September construction spending month-on-month

Canada October S&P Manufacturing PMI final value: initial value 47.7

Corporate earnings: Palantir (PLTR.US), BioNTech (BNTX.US)

First day of listing: MININGLAMP-W (02718.HK). OCEAN ONE HLDG (09876.HK) first day transferred to main board

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November 4 (Tuesday)

Reserve Bank of Australia meeting, expected to maintain the benchmark interest rate at 3.6%

South Korea October CPI month-on-month: forecast no change; previous value up 0.5%

South Korea October CPI year-on-year: forecast up 2.1%; previous value up 2.1%

Japan October S&P Manufacturing PMI final value: initial value 48.3

France first nine months government budget: first eight months deficit €157.5 billion

US September trade balance

US September JOLTs job openings: previous value 7.227 million

US September factory orders month-on-month

US September durable goods orders month-on-month final value

Corporate earnings: AMD (AMD.US), Uber (UBER.US), Amgen (AMGN.US), Pfizer (PFE.US), Spotify (SPOT.US), Marathon Oil (MPC.US), AIG (AIG.US), South Korea Coupang (CPNG.US) Nintendo (7974.JP)

Earnings Announcement: Yum China (09987.HK)

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November 5 (Wednesday)

New Zealand Q3 Unemployment Rate: Forecast 5.3%; Previous 5.2%

New Zealand Q3 Employment Change QoQ: Forecast to rise 0.1%; Previous fell 0.1%

New Zealand October ANZ Commodity Price MoM: Previous fell 1.1%

Australia October S&P Composite PMI Final: Initial 52.6

Australia October S&P Services PMI Final: Initial 53.1

Japan October Monetary Base YoY: Previous fell 6.2%

China October S&P Services PMI: Previous 52.9

China October S&P Composite PMI: Previous 52.5

Hong Kong October S&P PMI: Previous 50.4

Singapore October S&P PMI: Previous 56.4

Singapore September Retail Sales YoY: Previous rose 5.2%

Singapore September Retail Sales MoM: Previous rose 0.5%

Germany September Manufacturing Orders MoM: Forecast to rise 1.3%; Previous fell 0.8%

Germany September Working Day Adjusted Manufacturing Orders YoY: Forecast to fall 3.9%; Previous rose 1.5%

Germany October HCOB Services PMI Final: Initial 54.5

Germany October HCOB Composite PMI Final: Initial 53.8

Italy October HCOB Services PMI: Previous 52.5

Italy October HCOB Composite PMI: Previous 51.7

Italy September Retail Sales MoM: Previous fell 0.1%

Italy September Retail Sales YoY: Previous rose 0.5%

France October HCOB Services PMI Final: Initial 47.1

France October HCOB Composite PMI Final: Initial 46.8

Eurozone October Services PMI Final: Forecast 52.6; Initial 52.6

Eurozone October Composite PMI Final: Forecast 52.2; Initial 52.2

Eurozone September PPI MoM: Previous fell 0.3%

Eurozone September PPI YoY: Previous fell 0.6%

UK October S&P Services PMI Final: Initial 51.1

UK October S&P Composite PMI Final: Initial 51.1

US Last Week MBA Mortgage Applications: Previous rose 7.1%

US October ADP Private Employment: Forecast to increase by 25,000; Previous fell by 32,000

US October S&P Services PMI Final: Initial 55.2

US October S&P Composite PMI Final: Initial 54.8 US October ISM Services Index: Forecast 51; Previous Value 50

Canada October S&P Services PMI: Preliminary Value 46.3

Canada October S&P Composite PMI: Preliminary Value 46.3

Corporate Earnings: Novo Nordisk (NVO.US), AppLovin (APP.US), McDonald's (MCD.US), Qualcomm (QCOM.US), Arm (ARM.US), Robinhood (HOOD.US), Johnson Controls (JCI.US), Toyota (7203.JP)

Earnings Announcement: Hong Kong Stock Exchange (00388.HK)

First Day Listing: Seres (09927.HK)

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November 6 (Thursday)

Bank of England Monetary Policy Meeting, expected to maintain the benchmark interest rate at 4%

Bank Negara Malaysia Monetary Policy Meeting, expected to maintain the benchmark interest rate at 2.75%

Japan September Labor Cash Income Year-on-Year: Forecast to rise 2%; Previous Value revised to rise 1.3%

Japan October S&P Composite PMI Final Value: Preliminary Value 50.9

Japan October S&P Services PMI Final Value: Preliminary Value 52.4

Australia September Trade Balance: Forecast surplus of AUD 4 billion; Previous Value surplus of AUD 1.825 billion

Vietnam October CPI Year-on-Year: Forecast to rise 3.3%; Previous Value rose 3.38%

Vietnam October Trade Balance: Forecast surplus of USD 1.6 billion; Previous Value surplus of USD 2.85 billion

Vietnam October Industrial Value Added Year-on-Year: Previous Value rose 13.6%

Vietnam October Retail Sales Year-on-Year: Previous Value rose 11.3%

South Korea September Current Account (BoP): Previous Value surplus of USD 9.1488 billion

South Korea September BoP Trade Balance: Previous Value surplus of USD 9.3978 billion

India October HSBC Composite PMI Final Value: Preliminary Value 59.9

India October HSBC Services PMI Final Value: Preliminary Value 58.8

Taiwan October CPI Year-on-Year: Forecast to rise 1.4%; Previous Value rose 1.25%

Switzerland October Seasonally Adjusted Unemployment Rate: Forecast 3.1%; Previous Value 3%

Germany September Seasonally Adjusted Industrial Production Month-on-Month: Forecast to rise 3.1%; Previous Value fell 4.3%

Germany September Working Day Adjusted Industrial Production Year-on-Year: Forecast to rise 0.1%; Previous Value fell 3.9%

Germany October Construction PMI: Previous Value 46.2

UK October S&P Construction PMI: Previous Value 46.2

Eurozone September Retail Sales Month-on-Month: Previous Value rose 0.1%

Eurozone September Retail Sales Year-on-Year: Previous Value rose 1%

US October Challenger Job Cuts Year-on-Year: Previous Value fell 25.8% U.S. Q3 non-farm productivity preliminary rate: Previous value increased by 3.3%

U.S. Q3 unit labor costs preliminary rate: Previous value increased by 1%

U.S. new unemployment claims last week

U.S. September wholesale sales month-on-month rate

U.S. September wholesale inventory month-on-month rate

Canada October Ivey seasonally adjusted PMI: Previous value 59.8

Corporate earnings: AstraZeneca (AZN.US), ConocoPhillips (COP.US), Airbnb (ABNB.US), Warner Bros. Discovery (WBD.US), DBS Group

Earnings announcements: Autohome-S (02518.HK), BeiGene (06160.HK), Hua Hong Semiconductor (01347.HK), Rusal (00486.HK), Zai Lab (09688.HK)

First day listing: Joyson Electronics (00699.HK), WeRide-W (00800.HK), Pony.ai-W (02026.HK), Wangshan Wangshui-B (02630.HK)

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November 7 (Friday)

China October foreign exchange reserves: Previous value $3.3386 trillion

China October trade balance in USD: Forecast surplus $101.1 billion; Previous value surplus $90.45 billion

China October year-on-year export growth in USD: Forecast increase of 3.9%; Previous value increase of 8.3%

China October year-on-year import growth in USD: Forecast increase of 3.1%; Previous value increase of 7.4%

China October trade balance in RMB: Previous value surplus ¥645.47 billion

China October year-on-year export growth in RMB: Previous value increase of 8.4%

China October year-on-year import growth in RMB: Previous value increase of 7.5%

Japan September household spending year-on-year: Forecast increase of 2.6%; Previous value increase of 2.3%

Germany September seasonally adjusted trade balance: Previous value revised to surplus €16.9 billion

France September trade balance: Previous value deficit €5.529 billion

Hong Kong October foreign exchange reserves: Previous value $419.2 billion

Taiwan October trade balance: Forecast surplus $10.7 billion; Previous value surplus $12.4 billion

Taiwan October year-on-year export growth: Forecast increase of 31.8%; Previous value increase of 33.8%

Switzerland October foreign reserves: Previous value $726.7 billion

U.S. October non-farm payroll job additions

U.S. October unemployment rate

U.S. November University of Michigan consumer sentiment index preliminary value: Forecast 54; Previous value 53.6

Canada October unemployment rate: Forecast 7.2%; Previous value 7.1%

Canada October employment change: Forecast decrease of 20,000; Previous value increase of 60,400 External Corporate Performance: Honda (7267.JP)