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November 2026 kicked off with Apple earnings, US midterm elections; more market-moving events ahead
Fri, Nov 6th: US nonfarm payrolls (NFP) - resilient jobs growth set to pave way for Fed rate hike next month
Tue, Nov 10th: US consumer price index (CPI) - final inflation report before Fed rate decision in December
Tue, Nov 17th: Nvidia earnings - NVDA stocks forecasted to move 5.8% up/down after
Anthropic IPO aims to equal or beat SpaceX's US$ 75 billion IPO; listing expected before Nov 26th (Thanksgiving holiday)
US-Iran attacks resume? Will Trump set his sights on foreign agenda after bruising midterm elections loss?
EXTRA: Trump, Xi, and Putin to hold first-ever, 3-way summit on Nov 18-19?
November 2026 has already kicked off with a bang:
Mon, Nov 2nd: Apple earnings
Tue, Nov 3rd: US midterm elections
Yet, there remains more potentially market-moving events ahead!
Here are 5 major events (plus, a bonus event at the end), barring any surprises, that are not to be missed by traders and investors:
The October US nonfarm payrolls (NFP) a.k.a. jobs report, is expected to show resilient hiring in the world's biggest economy as of last month.
If so, that could pave the way for the Federal Reserve a.k.a. the Fed a.k.a. the world's most powerful central bank to raise US interest rates next month (Dec 2026).
Shifting expectations surrounding the timing of the next Fed rate hike has been one of the most important factors driving recent prices of gold, stocks, FX, bonds, even cryptos.
The US consumer price index (CPI) is expected to show still-elevated inflation.
This will be the last CPI figures before the Fed's December rate decision.
Further evidence of stubborn inflation may pave the way for the Fed to raise rates again next month - with markets currently predicting an 81% chance of a Dec rate hike.
At the time of writing, Nvidia has been surpassed by Apple as being the world's most valuable company.
Nvidia's hopes of reclaiming that crown will be bolstered if it can:
excite markets about future earnings growth
subdue the narrative that the incoming Congress - led by Democrats - will stifle AI data center buildouts
NVDA stocks are forecasted to move 5.8% up/down right after its earnings announcement after US markets close on Nov 17th.
Market hype surrounding this highly-anticipated IPO (initial public offering) was taken up a notch after publicly filing its S-1 on October 27th, with formal marketing to potentially start next week (Nov 9th onwards).
The AI developer behind Claude is looking to either equal, or surpass, SpaceX's US$ 75B IPO back in June - still the world's biggest IPO so far.
NOTE: Bybit clients have been able to trade Anthropic's pre-IPO perps since mid-July.
However, it remains to be seen how much appetite there is for Anthropic's publicly-available shares, in light of:
Anthropic's commitment to spend US$ 895 billion on computing power over the coming years
Already-slowing revenue growth (+45% Q3 vs. Q2, vs. +140% in Q2 vs. Q1)
potentially mounting AI scrutiny from a Democrat-led Congress.
Anthropic's IPO is expected to happen before Nov 26th (Thanksgiving).
READ MORE (published June 9th, 2026): Battle of the Mega IPOs 2026 - SpaceX vs. Anthropic vs. OpenAI
US President Donald Trump had repeatedly cited the possibility of resuming US military attacks on Iran after the just-concluded US midterm elections.
Perhaps now smarting after the Republicans' heavy defeat at the hands of the Democrats at the Nov 3rd polls, Trump told the Financial Times that he now has no immediate plans to strike Iran.
Markets will be ready to react on how Trump manages his foreign agenda, following his domestic political defeat.
Brent Oil already sank back into sub-$100/bbl prices, and will remain sensitive to developments surrounding the Middle East conflict - so too will the likes of gold, stocks, FX, and even crypto.
And speaking of Trump's foreign agenda ...
Preparations are reportedly underway, though not confirmed yet, for a potential meeting between Trump, Chinese President Xi Jinping, and Russian President Vladimir Putin.
Such a first-ever, three-way summit could be held at the APEC summit in Shenzhen, China on Nov 18-19.
Any hint of de-escalation, be it on trade or geopolitical tensions, could be the surprise catalyst of the month.
And as always …
Keep checking up on our Market Pulse reports to help you find your next trading/investing opportunity this month, and beyond.
DISCLAIMER: This article is provided for general information purposes only and does not constitute investment advice, nor an offer or solicitation to buy or sell any financial instruments or digital assets. Past performance is not indicative of future results. Your ability to access or use any products or services mentioned may be subject to the laws and regulatory requirements of your jurisdiction.
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