US Markets Anticipate Presidential Election Results
1 month ago

US benchmark equity indexes were on track to close higher Tuesday as markets awaited results of the presidential election. The Nasdaq Composite was up 1.4% at 18,431.8, while the S&P 500 rose 1.1% to 5,776.5. The Dow Jones Industrial Average advanced 0.9% to 42,174.2. All sectors were gaining, led by consumer discretionary and industrials. Americans are voting to pick the country's next president, with Democratic Party nominee, Vice President Kamala Harris, competing with Republican Party nominee, former President Donald Trump. Wall Street will be watching key swing states, with the market likely to wobble through uncertainty until a clear result is known.

It could take several days before the outcome of the vote is known. "The US presidential election likely will be decided by a few thousand voters across a handful of swing states," Wells Fargo Investment Institute stated. The US two-year yield was up 1.4 basis points at 4.19%, while the 10-year rate lost three basis points to 4.28%. Microchip Technology, Devon Energy and Frontier Communications Parent are among the companies scheduled to report their latest quarterly financial results after the closing bell. West Texas Intermediate crude oil rose 0.9% to $72.12 a barrel..

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Economic Calendar

Manufacturing PMI
2025-01-02 02:45:00
Actual
50.5
Forecast
51.6
Previous
51.5

China Manufacturing Purchasing Managers’ Index (PMI) provides an early indication of the economic activities in the Chinese manufacturing sector on a monthly basis.

Nationwide House Prices y/y
2025-01-02 08:00:00
Actual
4.7%
Forecast
3.8%
Previous
3.7%

Nationwide House Prices measure a change in value caused by inflation using a statistical method to construct an 'average house'.

Nationwide House Prices m/m
2025-01-02 08:00:00
Actual
0.7%
Forecast
0.1%
Previous
1.2%

Nationwide House Prices measure a change in value caused by inflation using a statistical method to construct an 'average house'.

Manufacturing PMI
2025-01-02 09:15:00
Actual
53.3
Forecast
53.6
Previous
53.1

Purchasing Managers' Index (PMI) is based on monthly questionnaire surveys of carefully selected companies which provide an advance indication of what is really happening in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across the manufacturing sector.

Riksbank Monetary Policy Meeting Minutes
2025-01-02 09:30:00
Actual
Forecast
Previous

It's a detailed record of the Swedish Central Bank (Riksbank) Policy Board's meeting, providing in-depth insights into the economic conditions that influenced their decision on where to set interest rates.

Manufacturing PMI
2025-01-02 09:45:00
Actual
46.2
Forecast
44.9
Previous
44.5

Purchasing Managers' Index (PMI) is based on monthly questionnaire surveys of carefully selected companies which provide an advance indication of what is really happening in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across the manufacturing sector.

M3 Money Supply y/y
2025-01-02 10:00:00
Actual
3.8%
Forecast
3.5%
Previous
3.4%

M3 is a “broad” monetary aggregate that comprises M2 plus repurchase agreements, money market fund shares and units as well as debt securities with a maturity of up to two years.

Final Manufacturing PMI
2025-01-02 10:00:00
Actual
45.1
Forecast
45.2
Previous
45.2

Purchasing Managers' Index (PMI) is based on monthly questionnaire surveys of carefully selected companies which provide an advance indication of what is really happening in the private sector economy by tracking changes in variables such as output, new orders, stock levels, employment and prices across the manufacturing sector.

Private Loans y/y
2025-01-02 10:00:00
Actual
0.9%
Forecast
0.9%
Previous
0.8%

It measures the change in the total value of new loans issued to consumers and businesses in the private sector.

Markit/CIPS Manufacturing PMI
2025-01-02 10:30:00
Actual
47.0
Forecast
47.3
Previous
48.0

Manufacturing CIPS (The Chartered Institute of Purchasing and Supply): A monthly gauge of manufacturing activity and future outlook.

MBA Mortgage Applications
2025-01-02 13:00:00
Actual
-12.6%
Forecast
Previous
-0.7%

The Weekly Mortgage Applications Survey contains 15 indices covering application activity for fixed rate, adjustable rate, conventional and government loans for home purchases and refinances.

Initial Jobless Claims
2025-01-02 14:30:00
Actual
211 000
Forecast
220 000
Previous
219 000

Initial Jobless Claims is a report issued by the U.

Markit Flash U.S. Manufacturing PMI
2025-01-02 15:45:00
Actual
49.4
Forecast
48.3
Previous
49.7 R (48.3)

Markit Flash U.

Crude Oil Inventories
2025-01-02 17:00:00
Actual
415.6 M Barrels
Forecast
Previous
421.0 M Barrels

The Weekly Petroleum Status Report (WPSR) provides timely information on supply and prices of crude oil and principal petroleum products in the context of historical data and forecasts.

Bank Holiday
2025-01-02 23:00:00
Actual
Forecast
Previous
Unemployment Change
2025-01-03 09:55:00
Actual
Forecast
15 000
Previous
7 000

According to the definition of ILO, as concretised by the EU, any person aged between 15 and 74 years is considered unemployed if he/she was not employed in that period, but actively sought work over the four weeks preceding the survey.

Unemployment Rate
2025-01-03 09:55:00
Actual
Forecast
6.2%
Previous
6.1%

The Federal Employment Agency, counts persons as job-seekers who are registered as unemployed with the employment agencies, are temporarily without a job or perform just a marginal part-time work (i.

M4 Money Supply m/m
2025-01-03 10:30:00
Actual
Forecast
0.1%
Previous
-0.1%

The Broad money aggregate M4 measures the change in the cash outside banks (i.

Mortgage Approvals
2025-01-03 10:30:00
Actual
Forecast
69.00
Previous
68.30

Lending to individuals consists of sterling lending secured on dwellings (i.

ISM Manufacturing
2025-01-03 16:00:00
Actual
Forecast
48.3
Previous
48.4

The Manufacturing ISM Report On Business is based on data compiled from purchasing and supply executives nationwide.

Natural Gas Storage
2025-01-03 16:30:00
Actual
Forecast
Previous
3529 BCF

This report tracks U.

Fed's Barkin Speaks
2025-01-03 17:00:00
Actual
Forecast
Previous

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