Publication Date: November 6, 2026
In this market calendar, we discuss the key macroeconomic developments and releases that could move the financial markets in the coming week.
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A look back at the past week
In Tuesday’s midterm elections, the Democrats won a majority in both the House of Representatives and the Senate. Stock markets reacted with relief on Wednesday: uncertainty about the results dissipated, and oil prices fell. The Dow Jones gained more than 3%, marking its best trading day since April 2025. The dollar weakened, and the U.S. 10-year yield fell to 4.92%.
On Thursday, sentiment took a complete turn. Investors fear that a Democratic Congress will introduce stricter regulations on AI and slow down the construction of data centers. Chip stocks were hit the hardest, and the sell-off dragged down the entire market. The S&P 500 closed 4.4% lower, and the Nasdaq lost as much as 5.5%.
In the eurozone, inflation rose to 4.0% in October. That is the highest level since September 2023 and higher than the expected 3.8%. The increase was mainly driven by energy, which was 20.8% more expensive than a year earlier. Core inflation remained stable at 2.5%. This gives the ECB some breathing room, but an interest rate hike remains very much on the table.
On Friday afternoon, the U.S. job figures for October came in much stronger than expected. A total of 165,000 jobs were added, while analysts had anticipated around 60,000. The figures for August and September were also revised sharply upward. The unemployment rate fell from 4.2% to 4.1%. Average hourly wages rose by 0.4% on a monthly basis and 3.1% on an annual basis, also exceeding expectations. A strong labor market with accelerating wage growth increases the risk that inflation will remain stubbornly high. As a result, the Fed has less reason to wait and see. The likelihood of an interest rate hike in December increased, and U.S. bond yields rose. This is unfavorable for stocks and gold, which were already under pressure.
Outlook for the coming week
Following the strong jobs report, the U.S. Consumer Price Index for October takes on added importance. It will be released on Tuesday at 2:30 p.m. In September, inflation rose to 3.7% year-over-year, mainly due to higher gas prices. Core inflation, which excludes food and energy, rose to 2.6%. This is the final inflation figure before the Fed’s interest rate decision on December 9.
Higher-than-expected core inflation, combined with the tight labor market, would make an interest rate hike in December virtually certain. That would support bond yields and the dollar, but put further pressure on stocks and gold. A figure in line with or below expectations, on the other hand, could provide some relief. The Producer Price Index will be released on Friday, showing the extent of price pressures earlier in the production chain.
Wednesday is Veterans Day in the United States: the bond market is closed, but the stock markets are open as usual.
The stock market calendar for Week 46
Below is a selection of key economic releases and quarterly earnings reports. All times are in Dutch time (CET).
Monday, November 9, 2026:
No major macro-economic releases.
Tuesday, November 10, 2026
Macroeconomic Data
2:30 p.m.: U.S.: Consumer Price Index (CPI) for October
2:30 p.m.: U.S.: Core Consumer Price Index (CPI) for October
Wednesday, November 11, 2026
Macroeconomic data
U.S.: Veterans Day; bond market closed, stock markets open
Quarterly Results
7:00 a.m.: ABN AMRO
Thursday, November 12, 2026
Macroeconomic Data
2:30 p.m.: U.S.: Weekly unemployment claims
Quarterly Results
7:00 a.m.: Siemens
7:00 a.m.: Allianz
Friday, November 13, 2026
Macroeconomic Data
2:30 p.m.: U.S.: Producer Price Index (PPI) for October
Please note that publication dates and times are subject to change. For the most up-to-date information, always consult the official communication channels of the relevant institutions and government agencies.
Disclaimer: Investinginvolves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. They are therefore intended for educational purposes only.