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What to Watch: US S&P Global PMIs, Equity Earnings, Geopol Headlines

US TSYS
  • Main focus on US S&P Global PMIs at 0945ET after softer than expected Eurozone PMIs and a further tightening in credit standards in Q3 in early London hours.
  • Additional regional Fed data coming up: Philly Fed Non-Mfg Activity at 0830ET, and Richmond Fed Mfg Index at 1000ET.
  • Fed in policy blackout through November 2, while wires field asset manager opinions from Future Investment Initiative summit in Riyadh: Blackrock's Fink "SAYS FED WILL HAVE TO RAISE INTEREST RATES FURTHER", Bbg; Blackstone's Schwarzman: "FED IS HAVING 'PRETTY GOOD IMPACT' ON INFLATION" Bbg.
  • Early deluge of positive Q4 earnings announcements from PacWest Bancorp, Dow, GE, GM, Verizon and Xerox to name a few - sees S&P Eminis trading firmer (ESZ3 +24.0 at 4265.75). After market announcements include: Alphabet, Microsoft, Visa and Waste Management.
  • US Treasury issuance: $75B 42D CMB bill auction at 1130ET followed by $51B 2Y Note auction (91282CJE2) at 1300ET.
  • Eye on geopol risk headlines: ISRAEL: Army Spox Says Military Ready For Gaza Offensive; ISRAEL: Macron Calls For Avoidance Of Regional Escalation After Netanyahu Talks.

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