U.S. midterm elections and a packed release calendar put politics and economic data in focus for crypto watchers, with Friday’s employment report the week’s final scheduled labor release.
The Institute for Supply Management (ISM) has scheduled its October Manufacturing Purchasing Managers’ Index (PMI) report for Monday, Nov. 2, at 10 a.m. ET. Apple has scheduled a fourth-quarter results call for 5 p.m. ET.
On Tuesday, Nov. 3, voters will decide all 435 House seats and one-third of the Senate seats, according to USAGov. The U.S. Bureau of Labor Statistics (BLS) has scheduled September Job Openings and Labor Turnover Survey (JOLTS) data for 10 a.m. ET, when the U.S. Census Bureau is also due to publish its September Manufacturers’ Shipments, Inventories and Orders report. Advanced Micro Devices (AMD) plans to report fiscal third-quarter results after the market closes and hold a call at 5 p.m. ET.
Wednesday’s schedule includes Automatic Data Processing’s October National Employment Report, the Bureau of Economic Analysis’ U.S. International Trade in Goods and Services report at 8:30 a.m. ET, and ISM’s October Services PMI at 10 a.m. ET. Thursday brings preliminary third-quarter productivity data and weekly jobless claims, both at 8:30 a.m. ET, plus Challenger, Gray & Christmas’ October job-cuts report at 5:30 a.m. ET.
The BLS has scheduled its October Employment Situation report for Friday, Nov. 6, at 8:30 a.m. ET. The latest report, covering September, showed nonfarm payroll employment up 29,000 and unemployment at 4.2%. Average hourly earnings for private nonfarm payroll employees rose 5 cents, or 0.1%, to $37.81.
ISM’s September manufacturing and services PMI readings were 54.5% and 54.9%, respectively. The organization says readings above 50% indicate expansion in the respective sector; this week’s reports will update those measures.
Election results can change which party holds a majority in each chamber of Congress. Any effect on crypto policy is a possible downstream implication; the official calendars reviewed list no crypto-specific vote or regulatory decision this week. The University of Michigan has also scheduled preliminary November consumer data for Friday at 10 a.m. ET.
