Wall Street Week Ahead
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Wall Street heads into a consequential week with the U.S.
midterm elections and October jobs report likely to dominate attention, while another busy slate of corporate earnings will test investor sentiment.
Voters head to the polls Tuesday with control of both chambers of Congress at stake.
Republicans currently hold a narrow House majority and a 53-47 advantage in the Senate, while recent polling has pointed to a strong chance of Democrats taking the House, with the Senate more competitive.
A shift in congressional control could have implications for fiscal policy, regulation and sectors including banks, crypto, defense and healthcare.
The economic spotlight then turns to Friday’s October employment report.
Economists expect 65K jobs were added during the month, up from 29K in September but below the 10-year average.
The jobless rate is expected to stay at 4.2%.
Earnings remain busy, with Apple (AAPL) and Palantir (PLTR) reporting Monday, AMD (AMD) Tuesday, and McDonald’s (MCD), Arm (ARM), Qualcomm (QCOM) and Uber (UBER) on Wednesday.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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