Global stock markets are heading into a week filled with political and economic events, including the U.S. midterm elections, major employment data, central bank decisions and earnings reports from prominent technology and artificial intelligence companies.

The schedule runs from Monday, November 2, through Friday, November 6. Tech stocks are already falling, while hedge funds are cutting their exposure. Traders are watching how the events may overlap as the week progresses.

Politics, Earnings and Rate Decisions Fill the Calendar

Bull Theory shared the weekly schedule in a post on X, listing the events by day and including the associated market forecasts. The account said tech stocks were already crashing and that hedge funds were aggressively reducing their exposure.

The post said:

GLOBAL STOCK MARKETS COULD FACE A MASSIVE POLITICAL AND ECONOMIC SHOCK THIS WEEK. The U.S. midterm elections, critical jobs data, major central bank decisions and earnings from some of the biggest AI companies are all coming in the next 5 days. And this is happening while… pic.twitter.com/rtKlqK0yHM — Bull Theory (@BullTheoryio) November 1, 2026

The post is available through and https://x.com/BullTheoryio/status/2116870777693700152?ref_src=twsrc%5Etfw.

Monday’s schedule includes the ISM Manufacturing PMI, a monthly gauge of U.S. factory activity that is forecast at 54.7, a level above the 50 mark that separates expansion from contraction. Apple is expected to report revenue of $113.4 billion, while Palantir is also scheduled to report earnings.

On Tuesday, the U.S. midterm elections will take place, with all 435 House seats and roughly a third of Senate seats on the ballot and control of Congress at stake. Australia’s central bank is expected to raise its interest rate to 4.85%. The JOLTS job-openings report, a monthly Bureau of Labor Statistics survey tracking job openings, hires and quits, is also due, along with earnings from AMD, Arista, Astera Labs, Shopify and Eaton. The reports arrive as the AI trade is already struggling.

Wednesday will bring the ADP employment report, a private-sector gauge of hiring that offers an early read before the government’s official October jobs report on Friday. It is forecast to show 65,000 jobs. The ISM Services PMI, the services-sector counterpart to Monday’s manufacturing survey, is expected at 54.8, while Eurozone inflation is forecast at 3.9%.

Qualcomm, Arm, AppLovin, Coherent, Uber and Datadog are scheduled to report earnings. The releases will provide data on employment and services activity in the United States, as well as inflation in Europe.

Jobs Data and Fed Expectations Add Pressure

Thursday’s calendar includes the Bank of England’s rate decision, adding another central bank event after Australia’s expected decision on Tuesday. U.S. jobless claims, a weekly count of new applications for unemployment benefits, and Challenger job cuts, a monthly tally of layoffs announced by U.S. employers, are also scheduled for release.

Microchip, Lumentum, Cloudflare and Airbnb will report earnings on Thursday.

The week will end Friday with the U.S. October jobs report. Forecasts call for 60,000 jobs, compared with 29,000 in September. The unemployment rate is expected to be 4.2%, while the Michigan consumer sentiment index, a University of Michigan survey of household confidence, is forecast at 47.3, near record lows.

Bull Theory said markets were pricing roughly an 80% chance of another Federal Reserve rate hike in December. The account identified the concentration of events in a short period as a key risk for global stock markets.

A weak jobs report could raise concerns about the U.S. economy, while stronger inflation data could make it more difficult for the Federal Reserve to ease policy. The midterm elections could also reshape Washington’s approach to AI.

The election comes as AMD, Arm, Qualcomm and other chipmakers report earnings. Disappointing guidance could add pressure to the struggling AI trade, according to the report.

Source: Blockonomi