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Is the Stock Market Open on Diwali Balipratipada 2026? NSE India Hours
2026-11-10 00:00 - 23:59 (America/New_York)
NSE India are closed on Tuesday, November 10, 2026 for Diwali Balipratipada.

Next holiday
Prakash Gurpurb Sri Guru Nanak Dev, November 24, 2026
Regular hours
9:15 am to 3:30 pm IST

Full schedule and background: NSE India Holidays.
Updated September 2, 2026

← Previous NSE India Holidays
The National Stock Exchange of India (NSE) is closed on Tuesday, November 10, 2026, for Diwali Balipratipada. The Bombay Stock Exchange (BSE) follows the same holiday calendar, so no equity, derivatives or currency trading takes place in Mumbai that day. Orders placed while the market is shut will queue and be processed when trading resumes on the next open session. Full schedule and background: NSE India holiday calendar.
Which markets are closed on Diwali Balipratipada 2026?

Market
Status
Notes

NSE (equities, F&O)
Closed
All segments, per the official NSE holiday calendar

BSE (equities)
Closed
Follows the same holiday schedule as the NSE

NSE currency and commodity derivatives
Closed
No trading in any NSE segment

London Stock Exchange (LSE)
Open (regular hours)
Does not observe Indian holidays

Euronext
Open (regular hours)
Does not observe Indian holidays

Tokyo Stock Exchange (TSE)
Open (regular hours)
Does not observe Indian holidays

New York Stock Exchange / Nasdaq
Open (regular hours)
Does not observe Indian holidays

Is the market open the day before and after?
The NSE and BSE trade at their usual hours, 9:15 am to 3:30 pm IST, on the trading sessions immediately before and after November 10, 2026, with no early close scheduled around this holiday. Some brokers may hold a short Muhurat trading session around the Diwali Laxmi Pujan festival, which typically falls close to Balipratipada, but timings for any such session are announced separately by the NSE and are not part of the regular trading calendar. The next scheduled NSE closure after this one is Prakash Gurpurb Sri Guru Nanak Dev on November 24, 2026.
Why do markets close for Diwali Balipratipada?
Balipratipada, also called Govardhan Puja in some regions, falls on the day after Diwali Laxmi Pujan and marks the start of the new Vikram Samvat year in much of India. Indian exchanges have observed it as a non-trading day for decades, alongside other major religious and national festivals, reflecting the cultural weight the Diwali period carries across the country’s business and financial community.
Unlike most Western exchanges, which close mainly for secular public holidays, the NSE and BSE calendars are built around a mix of national days and Hindu, Islamic, Sikh, Buddhist, Christian and Parsi festivals, which is why the Indian holiday list looks different from that of the NYSE or the LSE.
What It Means for Your Money
If you hold Indian shares or mutual funds through an international broker, any buy or sell order entered on November 10 will simply wait in the queue and execute at the next session’s opening price rather than at a price fixed on the holiday itself. Settlement of Indian equity trades typically follows a T+1 cycle, so trades from the last session before the holiday will settle one business day later than usual because the exchange is shut. Dividend record dates and options expiry dates that would otherwise fall on November 10 are pushed to the next trading day by the exchange. Bank transfers and payroll runs in India are generally handled by the banking system rather than the stock exchange, so a stock market holiday does not automatically mean banks are closed, though many banks also treat Balipratipada as a holiday in states where it is locally observed. Cryptocurrency markets are unaffected, since they trade continuously, seven days a week.
Remaining NSE India holidays in 2026

Prakash Gurpurb Sri Guru Nanak Dev, November 24, 2026 (closed)
Christmas, December 25, 2026 (closed)

Frequently Asked Questions
Is the stock market open on Diwali Balipratipada 2026?
No, the NSE and BSE are both closed on Tuesday, November 10, 2026, for Diwali Balipratipada.
Is the bond market open on Diwali Balipratipada?
Indian government bond trading on NSE and BSE platforms is closed alongside the equity market on this holiday.
What time does the NSE close on the day before Diwali Balipratipada?
The NSE trades its normal hours, 9:15 am to 3:30 pm IST, on the session before the holiday, with no early close scheduled.
When is the next NSE India market holiday after Diwali Balipratipada?
The next scheduled closure is Prakash Gurpurb Sri Guru Nanak Dev on November 24, 2026.
Are banks open on Diwali Balipratipada in India?
Bank holidays in India vary by state, and many banks also close on Balipratipada, so it is worth checking with your specific branch or state holiday list.
← Previous NSE India Holidays

US CPI Report November 2026
2026-11-10 08:30 - 09:30
Next US CPI Report: Tuesday, November 10, 2026 at 8:30 am ET (1:30 pm London). Covers October 2026 data.

Consensus
Not yet published
Actual
Pending

Full schedule and background: US CPI Report.
Updated August 25, 2026

← Previous US CPI ReportNext US CPI Report →
The US Bureau of Labor Statistics (BLS) will release Consumer Price Index (CPI) data for October 2026 on Tuesday, November 10, 2026, at 8:30 a.m. Eastern Time. The report will provide the latest reading on US consumer inflation, coming approximately one month before the Federal Open Market Committee (FOMC) delivers its final rate decision of the year on December 9, 2026.

At a Glance

Release date: Tuesday, November 10, 2026, at 8:30 a.m. ET
Publishing body: US Bureau of Labor Statistics (BLS)
Reference month: October 2026
Most recent reading: 3.8% YoY (April 2026)
Market impact: High

What is the Consumer Price Index?
The Consumer Price Index for All Urban Consumers (CPI-U) is the most widely followed measure of inflation in the United States. Published monthly by the BLS, it tracks changes in the prices paid by urban consumers for a market basket of goods and services covering approximately 93% of the US population. The basket includes categories such as housing, food, transport, energy, medical care, apparel, and recreation, with housing carrying the largest weighting at around 32%.
The BLS collects price data from tens of thousands of retail and service establishments. The resulting index is expressed as the year-over-year (YoY) rate and the month-over-month (MoM) change. Core CPI, which excludes volatile food and energy components, is watched closely by the Federal Reserve (the Fed) as a measure of underlying inflation trends.
CPI is released roughly 12 to 13 days after the reference month ends. The November 2026 release covers price changes in October 2026.
US CPI Release: November 10, 2026
The November 10 release will cover October 2026 price data and will arrive in the context of the year’s full inflation trajectory. Starting the year at 2.4% year-over-year in January, US inflation rose sharply to 3.3% in March and reached 3.8% in April, driven by an oil price shock linked to geopolitical tensions in the Middle East, according to BLS data. By November, markets will have three consecutive post-summer readings to assess whether the energy-driven inflation surge has proved durable or transitory.
The November 10 release will also be closely watched by Fed policymakers preparing for the December FOMC meeting. A meaningful further decline towards the Fed’s 2% target would greatly strengthen the case for a December rate cut. Consensus forecasts will be available closer to the release date.
Why This CPI Release Matters
The November CPI is one of two key inflation readings before the final FOMC meeting of 2026. The other is the December CPI on December 10. For markets trying to predict whether 2026 will end with an easing of monetary policy, the November reading will be among the most closely watched pieces of data on the calendar.
US inflation surged in the first half of 2026 as an oil price shock pushed energy costs sharply higher, adding approximately 17.9 percentage points to the April YoY figure through energy alone. The key question by November 2026 is whether those base effects are wearing off, whether the energy shock has reversed, and whether underlying inflation in services and shelter has decoupled from the headline volatility.
For equity markets, a clear downward trajectory in inflation by Q4 2026 would reduce the risk premium embedded in stocks and support growth sector re-ratings. For bond investors, a sub-3% reading would bring the Fed closer to cutting, flattening the yield curve and benefiting long-duration holdings. The US dollar would typically weaken on softer inflation as rate differentials narrow.
What to Watch For

Above consensus: A reading still above 3.5% by October would signal that inflation is proving difficult to tame and would reduce expectations of a December rate cut to near zero, pushing yields higher and pressuring growth equities.
In line with consensus: A reading broadly matching expectations (likely in the 2.5-3.5% range depending on the trend by then) would be absorbed without major dislocation, with attention shifting to the December 9 FOMC meeting and the forward guidance from Fed Chair statements.
Below consensus: A reading below 2.5% would be a significant positive surprise given the year’s inflationary trajectory and would sharply increase the probability of a December rate cut. Equities and bonds would both rally; the US dollar would soften.

Energy base effects will be crucial in determining the November reading. If crude oil prices have fallen from their 2026 highs, the year-over-year comparison will become mechanically easier in the autumn months. Core inflation, particularly in shelter and services, will reveal whether the price shock has had lasting structural effects.
Historical Context

Month
YoY
MoM
Core YoY

April 2026
3.8%
+0.6%
2.8%

March 2026
3.3%
+0.9%
2.6%

February 2026
2.4%
+0.2%
—

January 2026
2.4%
—
—

December 2025
2.7%
—
—

Source: US Bureau of Labor Statistics. October and November 2025 data were not published due to the US government shutdown. MoM and core figures not available for all periods shown.
Market Positioning
By November 2026, the debate in markets will have shifted from whether inflation rose to whether it has fallen enough for the Fed to act. The cumulative Q3 and early Q4 CPI prints will determine whether the December FOMC meeting is a live event for a rate cut or a foregone hold. Positioning in rate futures, Treasury yields, and equity sector weights will all reflect this calculus in the weeks running up to the November 10 release.
The Bank of England meets on November 5 to deliver its rate decision, providing a useful comparison for how major central banks are navigating the global inflation environment as year-end approaches.
Related Events

US CPI Report October 2026 – The preceding monthly release covering September 2026 data.
FOMC Rate Decision December 2026 – The Fed’s final rate decision of 2026, on December 9, for which this CPI reading is a key input.
Bank of England MPC Rate Decision November 2026 – The BoE policy decision on November 5, providing a global monetary policy comparison.

Frequently Asked Questions
What does the CPI measure?
The CPI measures the average change in prices paid by urban consumers for a fixed basket of goods and services, including housing, food, transport, energy, and medical care. Published monthly by the Bureau of Labor Statistics, it is the primary measure of consumer price inflation in the United States.
When is the November 2026 CPI report released?
The November 2026 CPI report will be released on Tuesday, November 10, 2026, at 8:30 a.m. Eastern Time. The report covers price changes during October 2026.
Why is the November CPI important for the December FOMC meeting?
The November 10 release falls approximately one month before the FOMC’s final meeting of the year on December 9. It will be one of two remaining CPI prints before that decision and will significantly influence whether the Fed cuts, holds, or raises rates to close out 2026. A benign reading would increase the probability of a year-end cut.

Cisco (CSCO) Earnings Q4 2026
2026-11-10 16:05 - 17:05
Next CSCO Quarterly Earnings: Tuesday, November 10, 2026 at 4:05 pm ET (9:05 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
Non-GAAP EPS $1.22 vs $1.17 expected, revenue $17.25bn (Q4 FY2026, Aug 12, 2026)
Actual
Pending

Updated September 2, 2026

Cisco Systems (NASDAQ: CSCO) is scheduled to report its next quarterly financial results on Tuesday, November 10, 2026, with the earnings release expected around 4:05pm ET (9:05pm London). Cisco’s investor relations team publishes the exact date and conference call details a few weeks in advance, so the schedule below should be treated as indicative until Cisco confirms it. Full background on Cisco’s reporting calendar and past quarters can be found on the hub page for Cisco earnings dates.
Cisco is the world’s largest maker of networking hardware, selling routers, switches, wireless equipment, security software and, increasingly, artificial intelligence (AI) data centre infrastructure to businesses, telecoms operators and governments. Because its equipment sits inside the internet’s plumbing and inside most large companies’ data centres, its results are widely watched as a barometer of corporate technology spending and, more recently, of the pace of AI infrastructure build-out by big cloud computing firms known as hyperscalers.
What is Cisco’s quarterly earnings report?
Every quarter, Cisco publishes a results statement covering revenue, profit, gross margin and forward guidance for the following quarter and, once a year, the full fiscal year ahead. Cisco’s fiscal year runs to the end of July, so a report released in November typically covers the company’s fiscal first quarter, the three months to around late October. Chief executive Chuck Robbins and chief financial officer Mark Patterson host a conference call with analysts shortly after the numbers are released, taking questions on order trends, AI-related demand and competitive pressure from rivals such as Arista Networks and Juniper Networks (owned by HPE).
When is Cisco’s earnings report and how to follow it
The release is expected after the US market closes, around 4:05pm ET (9:05pm London time), followed by a conference call roughly 30 minutes later. Cisco streams the call live and posts a replay on its investor relations website, which also carries the press release, the slide deck and the reconciliation of GAAP to non-GAAP figures. As the date has not yet been formally confirmed by Cisco, readers should note that the company generally reports its fiscal first-quarter results in mid-November, a pattern that has held for several years.
What to expect
A consensus forecast for this specific report has not yet been published, since Wall Street analysts typically update their estimates only a few weeks before the release date. However, Cisco’s own guidance, issued alongside its fiscal fourth-quarter 2026 results on August 12, 2026, gives an early indication of what the company itself expects. Cisco guided for fiscal first-quarter 2027 revenue of $18.0 billion to $18.2 billion and non-GAAP earnings per share (EPS, profit divided by the number of shares in issue) of $1.32 to $1.34, according to the company’s official results release. Analysts will be watching whether AI-related orders, which totalled $9.3 billion for fiscal 2026, keep accelerating, and whether the core networking segment, switches, routers and wireless gear, sustains the growth seen in the prior quarter.

Quarter
Revenue
Non-GAAP EPS
vs estimate

Q4 FY2026 (reported Aug 12, 2026)
$17.25 billion
$1.22
Beat ($16.82bn / $1.17 expected)

Cisco has not yet published fiscal first-quarter 2027 results, so only the most recently reported quarter is shown above with verified consensus figures.
Cisco’s stock has been particularly sensitive to AI infrastructure headlines in 2026. The company’s fiscal fourth-quarter 2026 results showed AI-related orders reaching $4.0 billion in a single quarter, bringing the full fiscal year total to $9.3 billion, according to Cisco’s own disclosures. Management has pointed to a partnership with Supermicro, announced around the fourth-quarter results, to integrate liquid-cooled GPU systems into Cisco’s Secure AI Factory offering, a sign of how central AI data centre spending has become to the company’s growth story. Investors in the November report will likely press management on whether this order momentum is holding up, and whether hyperscaler capital spending plans for 2027 remain intact.
What the outcome could mean

Scenario
Likely market read
Plain-English meaning

Beat on revenue and EPS, guidance raised
Shares could rise if AI order growth continues to accelerate, though gains are not guaranteed even on a beat
Cisco is selling more equipment and making more profit per share than analysts expected, and expects the trend to continue

In line with guidance
Muted reaction, focus shifts to commentary on AI infrastructure demand and enterprise IT budgets
Cisco performed broadly as it said it would, with no major surprise either way

Miss or guidance cut
Shares could fall, particularly if hyperscaler AI spending commentary disappoints
Demand for Cisco’s networking or AI infrastructure products is weaker than the company itself had signalled

What It Means for Your Money
Cisco is a large component of major US indices including the S&P 500 and Nasdaq 100, so its results feed into the value of pension funds, workplace pensions and index-tracking funds held by millions of savers in the UK, Europe and beyond, even for people who have never bought a Cisco share directly. A strong report tends to lift sentiment across the wider technology and AI infrastructure sector, including chipmakers and data centre suppliers; a weak one can drag on those same names. Because Cisco’s customers include telecoms firms and large enterprises worldwide, its order trends offer an early signal on corporate technology budgets, which can hint at future hiring and capital spending decisions. Currency moves are a secondary factor: Cisco earns a meaningful share of revenue outside the US, so a stronger dollar against the pound or euro can dent reported growth when translated back into dollars, while a weaker dollar can flatter it.
Related events

US Nonfarm Payrolls report, released monthly and closely watched alongside big-tech earnings for signs of economic strength
Federal Reserve interest rate decisions, which influence technology stock valuations broadly
Earnings from networking and AI infrastructure peers such as Arista Networks and Hewlett Packard Enterprise

Frequently Asked Questions
What time does Cisco report earnings?
Cisco is expected to release results after market close, around 4:05pm ET (9:05pm London time), with a conference call to follow.
Is the November 10, 2026 date confirmed?
No, Cisco has not yet formally confirmed the date. The company typically reports fiscal first-quarter results in mid-November.
What was Cisco’s most recent EPS result?
In its fiscal fourth-quarter 2026 results, released August 12, 2026, Cisco reported non-GAAP EPS of $1.22, beating the $1.17 consensus estimate, according to Cisco’s own results release.
What guidance has Cisco already given for this quarter?
Cisco guided for fiscal first-quarter 2027 revenue of $18.0 billion to $18.2 billion and non-GAAP EPS of $1.32 to $1.34, as stated in its August 2026 earnings release.
Where can I watch the earnings call live?
Cisco streams its earnings conference call and posts a replay on its investor relations website.

Is the Stock Market Open on Veterans Day 2026? Bond Market Hours
2026-11-11 00:00 - 23:59
US Bond Market (SIFMA) are closed on Wednesday, November 11, 2026 for Veterans Day.

Next holiday
Thanksgiving Day, November 26, 2026
Regular hours
8:00 am to 5:00 pm ET (SIFMA recommended)

Full schedule and background: Bond Market Holidays.
Updated September 2, 2026

← Previous Bond Market Holidays
The US bond market is closed on Wednesday, November 11, 2026 for Veterans Day, following the schedule recommended by the Securities Industry and Financial Markets Association (SIFMA), the trade group that coordinates fixed income trading hours across dealers. The New York Stock Exchange and Nasdaq, however, are not closed: equities trade their regular 9:30 am to 4:00 pm ET session as normal. Any bond orders queued for Veterans Day will move to the next SIFMA business day, and settlement of bond trades placed the day before will be pushed back by one business day. For the full year-round list of closures, see the bond market holiday calendar.
Which markets are closed on Veterans Day 2026?

Market
Status
Notes

US Treasury and bond market (SIFMA)
Closed
SIFMA recommends a full close for Veterans Day, observed by most dealers

NYSE / Nasdaq equities
Open (regular hours)
9:30 am to 4:00 pm ET, no early close

US equity options
Open (regular hours)
Follows the equity market schedule

CME futures (interest rate products)
Reduced or closed for some products
Check individual CME product calendars, as fixed income futures often follow SIFMA

London Stock Exchange (LSE)
Open (regular hours)
Veterans Day is not observed in the UK

Euronext
Open (regular hours)
Not a European holiday

Tokyo Stock Exchange (TSE)
Open (regular hours)
Not a Japanese holiday

Is the market open the day before and after?
Tuesday, November 10, 2026 is a full, regular trading day for both stocks and bonds. Thursday, November 12, 2026 returns to a normal SIFMA session with standard 8:00 am to 5:00 pm ET recommended hours. There is no early close scheduled around Veterans Day; the bond market simply closes for the full day and reopens as usual the next business day. Equity investors will notice nothing unusual at all, since the stock exchanges never close for this holiday.
Why do markets close for Veterans Day?
Veterans Day, observed annually on November 11, honours those who have served in the US armed forces and marks the anniversary of the armistice that ended fighting in the First World War in 1918. It is a federal holiday, which is why banks and government bond markets close, but it has never been formally adopted as a full stock exchange holiday by the NYSE or Nasdaq, unlike Independence Day or Thanksgiving.
What It Means for Your Money
If you hold Treasury bonds, municipal bonds or corporate bonds and try to trade on Veterans Day, most brokers will not process the order until the bond market reopens on November 12, and settlement (the point at which cash and securities actually change hands, usually one business day after the trade under T+1 rules) will be pushed back accordingly. Bank branches and the Federal Reserve typically observe the federal holiday too, so wire transfers and some payroll processing through the banking system may be delayed by a day. Stock and options trading, mortgage rate quotes tied to daily bond yields, and pension fund valuations that depend on bond pricing may all see thinner activity, since the reference bond market is shut even though equities keep trading. Cryptocurrency markets are unaffected, as they trade 24 hours a day, seven days a week, regardless of any holiday calendar.
Remaining Bond Market holidays in 2026

Thanksgiving Day, closed: November 26, 2026
Day After Thanksgiving, early close (2:00 pm ET): November 27, 2026
Christmas Eve, early close (2:00 pm ET): December 24, 2026
Christmas Day, closed: December 25, 2026
New Year’s Eve, early close (2:00 pm ET): December 31, 2026

Frequently Asked Questions
Is the stock market open on Veterans Day 2026?
Yes. The NYSE and Nasdaq trade their normal 9:30 am to 4:00 pm ET hours on November 11, 2026, since Veterans Day is not an official stock exchange holiday.
Is the bond market open on Veterans Day 2026?
No. The US bond market is closed for the full day, following the schedule recommended by SIFMA.
What time does the bond market close the day before Veterans Day?
Tuesday, November 10, 2026 is a normal full trading day, with SIFMA’s recommended 8:00 am to 5:00 pm ET hours and no early close.
When is the next market holiday after Veterans Day 2026?
The next scheduled closure is Thanksgiving Day on November 26, 2026, when both stocks and bonds are closed.
Are banks open on Veterans Day 2026?
Most US banks and the Federal Reserve observe Veterans Day as a federal holiday, so many branches are closed or operate on limited hours, even though the stock market stays open.
← Previous Bond Market Holidays

Walt Disney (DIS) Earnings Q4 2026
2026-11-11 16:05 - 17:05
Next DIS Quarterly Earnings: Wednesday, November 11, 2026 at 4:05 pm ET (9:05 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
Q3 FY26 adjusted EPS $2.06, up from $1.61 (reported August 2026)
Actual
Pending

Updated September 2, 2026

The Walt Disney Company reports its fiscal fourth-quarter and full-year 2026 earnings on Wednesday, November 11, 2026, with results due after the market closes at 4:05 pm ET (9:05 pm London). Disney’s own investor relations team has not yet published a confirmed date for this release, so the schedule above follows the company’s usual pattern of reporting fiscal Q4 results in the second week of November. Full schedule and background: Disney (DIS) earnings dates.
Markets watch this release closely because Disney sits across several sectors at once: media, streaming, theme parks and consumer products. A single earnings call can move sentiment on cinema chains, cruise operators, sports broadcasting rights and the wider streaming industry, not just Disney’s own share price.
What is the Disney Q4 2026 earnings report?
This is Disney’s quarterly results announcement, covering the three months to roughly the end of September 2026 (Disney’s fiscal year runs from October to September, so this is fiscal Q4 and marks the close of fiscal year 2026). The release includes revenue, earnings per share (EPS, the profit allocated to each share of stock), and segment-level detail across three main divisions: Entertainment, Sports (which includes ESPN) and Experiences (theme parks, resorts, cruises and consumer products).
Chief executive Robert A. Iger and chief financial officer Hugh Johnston typically host a call with analysts shortly after the release, taking questions on streaming subscriber growth, theme park attendance, film box office performance and capital spending plans. Wall Street analysts covering the stock, along with large institutional shareholders, use this data to update their models and price targets.
When is the Disney Q4 2026 earnings report and how to follow it
The written release is expected around 4:05 pm ET (9:05 pm London time) on November 11, 2026, published on Disney’s investor relations website. A live audio webcast of the earnings call, usually starting around 4:30 pm ET, is also hosted there, with a replay available afterwards. As this date has not been formally confirmed by Disney, readers should check the investor relations page in the days beforehand in case the company moves the date by a day or two, which does happen occasionally.
Financial news wires including Reuters and Bloomberg typically carry headline figures within minutes of the release, and business channels such as CNBC often air live analysis during the call itself.
What to expect
A consensus forecast for Disney’s fiscal Q4 2026 revenue and adjusted EPS has not yet been published this far ahead of the release; analyst estimates typically firm up in the two to three weeks before the report. Once available, they are usually compiled by data providers such as LSEG (formerly Refinitiv) or Visible Alpha and reported by outlets including Reuters and CNBC.
Investors will be focused on several themes carried over from recent quarters. Disney’s most recent published results, for fiscal Q3 2026 (reported in August 2026), showed adjusted EPS of $2.06, up from $1.61 a year earlier, with total segment operating income rising 21% to $5.6 billion, according to Disney’s own earnings release. Management said at the time it was targeting at least $9 billion in share buybacks for fiscal 2026 and reaffirmed guidance for double-digit adjusted EPS growth in fiscal years 2026 and 2027, according to Disney’s third-quarter fiscal 2026 earnings statement.
For the fourth-quarter report, analysts are likely to focus on:

Streaming profitability: whether Disney+ and Hulu’s combined direct-to-consumer operating margin continues moving toward the double-digit target management has previously guided towards.
Theme park attendance and spending: domestic and international park revenue trends heading into the crucial holiday booking period.
ESPN and sports rights costs: the financial impact of NBA and college sports programming commitments, and progress on ESPN’s standalone streaming app.
Box office performance: how recent theatrical releases have performed against internal expectations, given some franchise films have underperformed forecasts in prior quarters.
Fiscal 2027 guidance: any update to Disney’s medium-term earnings growth outlook, which the company has previously described in terms of double-digit adjusted EPS growth.

A verified table of the last four quarters of revenue and EPS against analyst estimates is not included here, because complete figures for each of the most recent quarters could not be confirmed against Disney’s own investor relations disclosures at the time of writing. Readers wanting the full quarterly history should consult Disney’s investor relations site directly.
What the outcome could mean

Scenario
Likely market read
Plain-English meaning

Beat on EPS and revenue, streaming margins improve
Shares likely to rise, media and entertainment peers may follow
Disney’s turnaround in streaming and parks spending is gaining momentum, supporting confidence in the wider sector

Results broadly in line with prior guidance
Muted share reaction, focus shifts to forward guidance and buyback pace
Business is performing as expected, so attention moves to what management says about the year ahead

Miss on revenue or weaker streaming subscriber growth
Shares likely to fall, questions raised about park spending and content costs
Growth in a key part of the business is slowing, which could pressure the stock and weigh on sentiment toward other legacy media companies

What It Means for Your Money
Disney is a component of major indices such as the S&P 500 and the Dow Jones Industrial Average, so its shares are held, often without people realising it, inside workplace pensions, ISAs and index tracker funds across the UK, Europe and beyond. A sharp move in Disney’s share price on earnings day will have a small but real effect on the value of these diversified funds, even for investors who have never bought Disney stock directly.
For consumers, the numbers matter too. Theme park pricing, streaming subscription costs and cable bundle fees are all shaped by how well these segments are performing financially. If Disney reports weaker-than-expected park attendance or streaming growth, it can signal caution about consumer spending more broadly, which is relevant to household budgets well beyond America, including UK and European holidaymakers who visit Disney’s parks or subscribe to Disney+.
Currency movements also play a role. As a US dollar-denominated stock, Disney’s reported results can be affected by the strength or weakness of the dollar against the pound, euro and other currencies, particularly for its international parks and streaming revenue. A stronger dollar can make Disney’s overseas earnings translate into fewer dollars on paper, even if underlying local demand is healthy.
Related events

Disney fiscal Q1 2027 earnings (expected February 2027)
Netflix and Comcast quarterly earnings, for comparison across the streaming and media sector
US non-farm payrolls report, for the wider health of American consumer spending that underpins theme park and streaming demand

Frequently Asked Questions
What time does Disney report Q4 2026 earnings?
The release is expected around 4:05 pm ET (9:05 pm London time) on November 11, 2026, though Disney has not formally confirmed this date.
Where can I watch the Disney earnings call live?
Disney typically hosts a live audio webcast on its investor relations website, with a replay available shortly afterwards.
What was Disney’s most recent quarterly result?
In its fiscal Q3 2026 report, published in August 2026, Disney posted adjusted EPS of $2.06, up from $1.61 a year earlier, according to the company’s earnings release.
Is there a consensus forecast for Disney’s Q4 2026 earnings?
Not yet. Analyst consensus figures for revenue and EPS typically become widely available in the two to three weeks before the release, compiled by data providers and reported by financial news outlets.
Why does Disney’s earnings report matter beyond its own shareholders?
Disney’s results are watched as a bellwether for consumer discretionary spending, theme park demand and the streaming industry, and the stock’s movement affects pension funds and index trackers that hold it as part of broad market benchmarks.

UK GDP November 2026
2026-11-12 02:00 - 03:00
Next UK GDP: Thursday, November 12, 2026 at 7:00 am GMT (2:00 am ET, 7:00 am London). Covers Q3 2026 data.

Consensus
Not yet published
Prior
0.4% QoQ (Q2 2026, published August 13, 2026)
Actual
Pending

Full schedule and background: UK GDP.
Updated August 25, 2026

← Previous UK GDP
The Office for National Statistics (ONS) publishes its first estimate of UK Gross Domestic Product (GDP) for the third quarter of 2026 on Thursday, November 12, 2026 at 7:00am London time (2:00am ET). The release covers economic output for July, August and September 2026 and is typically published alongside the monthly GDP estimate for September. Full background and the release schedule are available on the UK GDP hub page.
This is one of the most closely watched UK data points because it tells investors, the Bank of England and the government whether the economy grew, stagnated or shrank in the summer months, feeding directly into interest rate decisions and political debate about living standards.
What is GDP and why does it matter?
Gross Domestic Product measures the total value of all goods and services produced in the UK over a given period. The ONS builds it from three angles, output (what industries produce), expenditure (what is spent by households, businesses and government) and income (wages, profits and taxes), which should in theory all arrive at the same total.
The headline figure that moves markets is the quarter-on-quarter percentage change in real GDP, meaning growth after stripping out the effect of inflation. A positive number signals expansion, a negative number for two consecutive quarters is commonly, though informally, described as a recession.
Markets watch GDP closely because it is the single broadest gauge of economic health. The Bank of England uses it, alongside inflation and wage data, to judge whether the economy has spare capacity or is running too hot, which in turn shapes decisions on interest rates that affect mortgages, savings and business borrowing across the UK. It is also watched in Brussels, Frankfurt and Tokyo as one signal of demand for exports from the eurozone and Asia into the UK market.
When is the Q3 2026 GDP report released?
The ONS publishes the first quarterly estimate of Q3 2026 GDP, together with the monthly GDP estimate for September 2026, on November 12, 2026 at 7:00am UK time (2:00am ET). The data is released on the ONS release calendar and in the GDP first quarterly estimate bulletin on the ons.gov.uk website. This date follows the ONS’s standard pattern of publishing the first quarterly estimate roughly six weeks after the end of the reference quarter.
What is the consensus forecast?
As this release is still some way ahead, a consensus forecast for Q3 2026 GDP has not yet been published by data providers such as Reuters or Bloomberg. Forecasts typically firm up in the days immediately before release, once monthly GDP prints for July, August and September have been published individually.
The most recent confirmed reading is the first quarterly estimate for Q2 2026 (April to June), published by the ONS on August 13, 2026, which showed real GDP grew by 0.4% quarter-on-quarter, in line with the median forecast in a Reuters poll, following growth of 0.6% in Q1 2026. Nominal GDP rose by 0.8% in Q2 2026 and stood 4.1% higher than the same quarter a year earlier, according to the ONS bulletin.

Measure
Prior (Q2 2026)
Consensus (Q3 2026)

Quarterly GDP (QoQ)
0.4%
Not yet published

Nominal GDP (QoQ)
0.8%
Not yet published

GDP year-on-year (nominal)
4.1%
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Sterling could firm and gilt yields could rise if traders judge the Bank of England has less room to cut interest rates, according to analysts who track rate-setter commentary
The economy grew faster than expected, which is generally good news for jobs and business confidence, though it can also mean borrowing costs stay higher for longer

In line with consensus
A muted reaction is likely, since the print largely confirms what was already priced into markets by economists surveyed ahead of the release
The economy is behaving broadly as expected, so there is unlikely to be a big shift in mortgage rates or the pound on the day

Below consensus
Sterling could weaken and traders may increase bets on earlier Bank of England rate cuts, based on typical market reactions to weak growth surprises
Growth undershooting expectations often points to weaker hiring and spending, which can ease pressure on prices but also signals a softer labour market

Why does this release matter right now?
The Bank of England’s Monetary Policy Committee weighs GDP growth against inflation and wage data when deciding on interest rates, so a Q3 2026 outturn that surprises in either direction could shift market expectations for the Bank’s next move. Growth slowed slightly in the first half of 2026, from 0.6% in Q1 to 0.4% in Q2, according to ONS estimates, and commentators will be watching whether that gentle cooling continued into the summer or whether momentum picked back up.
The report also lands against a backdrop of ongoing debate about UK productivity, household spending power and the fiscal position ahead of any autumn budget measures, all of which tend to be discussed in relation to whatever the latest GDP figure shows.
What It Means for Your Money
Mortgages and borrowing: Stronger than expected growth can reduce the chance of near-term Bank of England interest rate cuts, which may keep mortgage and loan rates higher for longer. Weaker growth can increase the odds of cuts, which could eventually feed through to cheaper borrowing.
Savings: Savings account and cash ISA rates tend to track the Bank of England’s base rate, so a weak GDP print that raises the chance of a rate cut could mean lower returns on cash savings over time, while a strong print could support current rates for longer.
Jobs and wages: GDP growth and employment tend to move together over time. A run of weak GDP figures can be an early sign of slower hiring or wage growth, particularly in sectors sensitive to consumer spending such as retail and hospitality.
Prices: GDP does not directly set prices, but very weak growth combined with falling demand can help cool inflation, while strong growth in an economy already near capacity can add to price pressures.
Investments, pensions and currencies: UK shares, gilts and the pound can all move on the day of release. A weaker pound following soft GDP data can make imports and overseas holidays more expensive for UK households, while making UK exports more competitive for buyers in Europe, Asia and the US. Pension savers with UK-focused funds may see short-term movements in their portfolio values around the release.
Related events

The previous UK GDP release: UK GDP October 2026
The Bank of England’s next Monetary Policy Committee decision, which weighs this GDP data alongside inflation and labour market figures
The UK monthly labour market and average earnings release, published separately by the ONS

Frequently Asked Questions
What time is the UK GDP report released?
The ONS publishes the release at 7:00am UK time on November 12, 2026, which is 2:00am ET in the United States.
How should I read the headline GDP number?
Focus on the quarter-on-quarter percentage change in real GDP: a positive figure means the economy grew after adjusting for inflation, a negative figure means it shrank.
How does GDP data affect UK interest rates?
The Bank of England factors GDP growth into its decisions on interest rates, so a much stronger or weaker than expected reading can shift market expectations for future rate moves, which in turn affects mortgage and savings rates.
Where can I find the official GDP release?
The ONS publishes the full bulletin and underlying data tables on the ONS release calendar and on ons.gov.uk under the GDP first quarterly estimate series.
When is the next UK GDP release after this one?
The ONS typically publishes monthly GDP estimates around six weeks after each reference month, with the next full quarterly estimate for Q4 2026 expected in February 2027, subject to confirmation on the ONS release calendar.
← Previous UK GDP

US Initial Jobless Claims: November 12, 2026
2026-11-12 08:30 - 09:30
Next US Initial Jobless Claims: Thursday, November 12, 2026 at 8:30 am ET (1:30 pm London).

Consensus
Not yet published
Prior
Around 203,000 to 206,000 (recent 2026 weekly readings)
Actual
Pending

Full schedule and background: US Initial Jobless Claims.
Updated September 2, 2026

← Previous US Initial Jobless Claims
The US Department of Labor releases its weekly Initial Jobless Claims report on Thursday, November 12, 2026, at 8:30 am ET (1:30 pm London). This report covers the number of Americans filing new claims for unemployment benefits in the week ending November 7, 2026. It is one of the most timely gauges of the US labour market and is watched closely by the Federal Reserve, bond traders and currency desks around the world. Full schedule and background: US Initial Jobless Claims.
What is the consensus forecast?
A consensus forecast for the week ending November 7, 2026 has not yet been published, as weekly claims forecasts are typically released only a day or two before the report by economists surveyed by Reuters and Bloomberg. Through the summer of 2026, weekly initial claims have generally run in the low-to-mid 200,000s. Claims fell to 206,000 for the week reported in August 2026, according to Yahoo Finance, while continuing claims, the number of people still receiving benefits after their first week, rose to 1,799,000 for the week ending August 8, 2026. Investing.com’s economic calendar showed initial claims at 203,000 against a forecast of 208,000 for the release covering late August 2026.

Measure
Prior
Consensus

Initial claims
Around 203,000 to 206,000 in recent weeks (2026)
Not yet published

Continuing claims
Approximately 1,799,000 (week ending August 8, 2026)
Not yet published

What the result could mean

Scenario
Likely market read
Plain-English meaning

Above consensus
Bond yields may fall, equities could wobble
More layoffs than expected, a sign the labour market is softening faster than thought

In line with consensus
Muted market reaction
The labour market is behaving broadly as expected, no major shift in Fed thinking

Below consensus
Yields may rise, dollar could firm
Fewer layoffs than expected, a sign of continued labour market resilience

Why it matters this week
Weekly claims data has taken on extra importance in 2026 because other labour market indicators, including the monthly jobs report, have at times been delayed or revised due to government data collection issues and staffing changes. According to Trading Economics, claims data through the summer showed “some resilience” even as federal government job losses continued to filter through the figures. The Federal Reserve is watching these releases closely for early signs of whether the labour market is cooling gradually or more sharply, which feeds directly into decisions on interest rates.
A run of higher-than-expected claims in the weeks around this release would add to arguments for further rate cuts, while continued low claims would support the view that the economy remains on solid footing despite tighter monetary policy earlier in the cycle.
What It Means for Your Money
If claims come in higher than expected, it often signals a weaker jobs market, which can push down bond yields and, over time, mortgage rates in the US. It can also nudge the dollar lower against the pound and euro, making US holidays and goods cheaper for UK and European buyers but denting returns on dollar-based investments.
If claims are lower than expected, it points to a firmer jobs market. Savings rates and mortgage rates may stay higher for longer, and the dollar could strengthen, which matters for anyone holding US shares, pension funds with dollar exposure, or planning to travel to the United States.
For most people, a single week’s claims figure will not change household finances. It is the trend over several weeks that matters most for judging whether jobs, wages and, ultimately, interest rates are heading in a new direction.
Frequently Asked Questions
What time is the November 12, 2026 jobless claims report released?
It is released at 8:30 am ET (1:30 pm London) by the US Department of Labor.
What counts as a big miss versus consensus?
Economists generally treat a move of more than 15,000 to 20,000 claims away from the consensus estimate as notable, since weekly figures are volatile and often revised.
When is the next jobless claims report?
The following weekly release covers the week ending November 14, 2026 and is scheduled for Thursday, November 19, 2026.
← Previous US Initial Jobless Claims

US Existing Home Sales November 2026
2026-11-12 10:00 - 11:00
Next US Existing Home Sales: Thursday, November 12, 2026 at 10:00 am ET (3:00 pm London). Covers October 2026 data.

Consensus
Not yet published
Prior
4.05 million SAAR (July 2026)
Actual
Pending

Full schedule and background: US Existing Home Sales.
Updated September 2, 2026

← Previous US Existing Home Sales
US Existing Home Sales for October 2026 is released on Thursday, November 12, 2026 at 10:00 am ET (3:00 pm London) by the National Association of Realtors (NAR). The report covers resales of single-family homes, townhomes, condominiums and co-ops that closed during October 2026. Full schedule and background: US Existing Home Sales.
What is existing home sales?
Existing home sales measures the number of previously owned homes that changed hands in a given month, expressed as a seasonally adjusted annual rate (SAAR). That figure is not the actual number of homes sold in the month: it is what the annual total would be if the month’s pace were repeated for twelve months, adjusted to remove normal seasonal swings such as the usual summer buying rush.
The NAR compiles the data from closings recorded through Multiple Listing Services (MLS) across the country, then combines regional figures for the Northeast, Midwest, South and West into a national total. Because a sale closes weeks or months after a contract is signed, existing home sales lags the earlier Pending Home Sales Index, which tracks signed contracts rather than completed transactions.
Markets watch the series because housing is a large, interest-rate-sensitive part of the economy. Weak sales can signal that high mortgage rates are locking buyers out of the market, while a pickup can suggest affordability or rate relief is drawing buyers back in. Alongside the sales pace, the report also carries the median sale price and the months of housing inventory, both of which feed into judgements about supply, demand and price pressure in the property market.
When is the October existing home sales report released?
The NAR is scheduled to publish the October 2026 existing home sales report on Thursday, November 12, 2026 at 10:00 am ET (3:00 pm London time). The release is issued through the NAR newsroom and its research and statistics pages, alongside a short commentary from NAR Chief Economist Lawrence Yun.
What is the consensus forecast?
A consensus forecast for the October 2026 reading has not yet been published. Surveys of economists, such as those compiled by Reuters or Bloomberg ahead of the release, typically appear only in the days immediately before the report, so a specific October figure is not yet available.
The most recent confirmed reading comes from the July 2026 report, which showed existing home sales falling 1.7% month over month to a seasonally adjusted annual rate of 4.05 million units, with the median sale price at $434,100, up around 2% from a year earlier, according to Trading Economics’ summary of NAR data. NAR’s own housing snapshot showed June 2026 sales at 4.09 million units with a median price of $440,600, according to the NAR Existing-Home Sales Housing Snapshot. August and September 2026 figures will already be public by the time this November release lands, so readers should check the official NAR release for the most current prior print before the October data arrives.

Measure
Prior (July 2026)
Consensus (October 2026)

Sales pace (SAAR)
4.05 million
Not yet published

Median sale price
$434,100
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Could be read as a sign that buyers are adjusting to prevailing mortgage rates, potentially easing pressure on the Federal Reserve to cut rates quickly
More people managed to buy homes than expected, which could point to a steadier housing market

In line with consensus
Likely to have limited market impact on its own
The housing market is behaving broadly as expected, neither improving nor worsening sharply

Below consensus
Could reinforce concerns that high borrowing costs are still squeezing affordability, which some analysts argue supports the case for rate cuts
Fewer homes sold than expected, suggesting buyers are still finding it hard to afford a purchase

These are possible interpretations, not predictions. NAR Chief Economist Lawrence Yun has previously noted that “home sales have been remarkably stable” even as mortgage rates stayed elevated through mid-2026, a comment made alongside the July report.
Why does this release matter right now?
Housing has been one of the more interest-rate-sensitive parts of the US economy through 2026, with the NAR reporting that sales activity swung between modest gains and declines from month to month as mortgage rates fluctuated. Inventory has also been a running theme: NAR data cited by Trading Economics showed total housing inventory at 1.54 million units in July 2026, down from earlier in the summer, which keeps upward pressure on prices even when sales volumes are soft.
The Federal Reserve does not target the housing market directly, but officials watch it as a signal of how tighter monetary policy is filtering through to households. A weak or weakening sales trend can be read as evidence that current interest rate levels are restraining activity, which factors into the broader debate over the pace of any future rate cuts. A steadier or improving trend, on the other hand, can support the case that the economy is coping reasonably well with existing borrowing costs.
What It Means for Your Money

Mortgages and rates: A weak reading can add to expectations that the Federal Reserve will cut interest rates, which over time can feed through to lower mortgage rates for US buyers and refinancers. A strong reading can have the opposite effect.
Savings: Interest rate expectations tied to housing data also affect savings account and certificate of deposit rates in the US, since banks adjust what they pay savers in line with the broader rate outlook.
Jobs and wages: Real estate agents, mortgage brokers, home builders and related trades depend on transaction volumes, so a sustained slowdown in sales can eventually show up in employment figures for those sectors.
Prices: Median sale price trends in this report offer a read on housing costs, which is one of the larger and stickier components of household budgets and of measures like core inflation.
Investments, pensions and currencies: Housing data can move Treasury yields and, in turn, the dollar, as traders reassess the odds of Fed rate moves. A softer dollar can make US assets marginally cheaper for UK, European and Asian investors, while a stronger dollar has the reverse effect. Pension funds with exposure to US housing-linked bonds or real estate investment trusts also track this data as part of their broader positioning.

Related events

Previous report: US Existing Home Sales, October 2026 preview
Full series background and schedule: US Existing Home Sales hub page
NAR’s Pending Home Sales Index, a leading indicator that typically moves ahead of existing home sales by a month or two

Frequently Asked Questions
What time is the October 2026 existing home sales report released?
The NAR publishes the report at 10:00 am ET, which is 3:00 pm in London, on Thursday, November 12, 2026.
How should I read the existing home sales figure?
Look at the seasonally adjusted annual rate in millions of units, and compare it with the prior month’s figure and with the median sale price to judge whether both volume and prices are rising, falling or holding steady.
Does this report affect Federal Reserve interest rate decisions?
It is one of several housing indicators the Fed monitors as part of its broader assessment of how higher borrowing costs are affecting households, though it does not on its own dictate a rate decision.
Where can I find the official release?
The NAR publishes the report and an accompanying commentary from its research team on its official newsroom and research and statistics pages.
When is the next existing home sales report after this one?
NAR issues existing home sales data monthly, on or around the twentieth of each month, so the following report covering November 2026 data is expected roughly one month after this release.
← Previous US Existing Home Sales

Eurozone GDP Flash November 2026
2026-11-13 05:00 - 06:00
Next Eurozone GDP Flash: Friday, November 13, 2026 at 11:00 am CET (5:00 am ET, 10:00 am London). Covers Q3 2026 data.

Consensus
Not yet published
Prior
+0.4% QoQ, +1.0% YoY (Q2 2026)
Actual
Pending

Full schedule and background: Eurozone GDP Flash.
Updated September 2, 2026

← Previous Eurozone GDP Flash
The Eurozone GDP Flash for the third quarter of 2026 is released on Friday, November 13, 2026 at 11:00 am CET, which is 5:00 am ET and 10:00 am London time. The figure is published by Eurostat, the statistical office of the European Union, and covers economic output across the 20 countries that use the euro during the third quarter of 2026 (July to September). Full schedule and background: Eurozone GDP Flash.
What is the Eurozone GDP Flash?
Gross domestic product (GDP) measures the total value of goods and services produced in the euro area over a given period. The flash estimate is Eurostat’s earliest reading of that figure, published around 30 days after the end of the quarter, well before the fuller “GDP and employment” release that follows around two weeks later with more complete national data.
The headline number is the quarter-on-quarter (QoQ) percentage change in seasonally adjusted GDP, alongside a year-on-year (YoY) comparison against the same quarter of the previous year. Because the flash estimate draws on data from most, but not all, member states (typically 19 of the 20, covering around 96% of euro area output), it is provisional and subject to revision.
Markets watch this release closely because it is the first hard signal of how the currency bloc’s economy performed in a quarter, feeding directly into expectations for European Central Bank (ECB) policy, corporate earnings forecasts and currency markets. A stronger or weaker than expected number can move the euro, eurozone government bond yields and equity indices such as the Euro Stoxx 50 within minutes of publication.
When is the Q3 2026 GDP flash released?
Eurostat publishes the preliminary flash estimate for the third quarter of 2026 on November 13, 2026 at 11:00 am CET (5:00 am ET, 10:00 am London). The release appears on the Eurostat euro indicators release calendar and as a news release on the Eurostat website. This is the “t+30” flash estimate, meaning it lands around 30 days after the end of the reporting quarter. A second, more detailed “t+45” flash estimate typically follows roughly two weeks later, incorporating employment data and a wider set of member state figures.
What is the consensus forecast?
As this page is published ahead of the release, a consensus forecast from economists has not yet been widely circulated. Forecasts from banks and polling services such as Reuters typically firm up in the days immediately before publication, once national statistical offices (including those of Germany, France, Italy and Spain) have released their own preliminary GDP figures for the quarter.
The most recent published reading is the second quarter of 2026 flash estimate, in which euro area GDP rose by 0.4% quarter-on-quarter and 1.0% year-on-year, according to Eurostat’s July 30, 2026 release. That followed a flat reading (0.0% QoQ) in the first quarter of 2026.

Measure
Prior (Q2 2026)
Consensus (Q3 2026)

Euro area GDP, QoQ
+0.4%
Not yet published

Euro area GDP, YoY
+1.0%
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Euro could firm and eurozone bond yields may rise as traders trim bets on further ECB rate cuts
The economy grew faster than expected, suggesting less need for the central bank to support activity with lower rates

In line with consensus
Muted reaction, markets stay focused on underlying detail such as which countries drove growth
The economy performed roughly as expected, so existing plans for mortgages, savings and investments are unlikely to need major rethinking

Below consensus
Euro could soften and traders may increase bets on ECB easing, according to money market pricing typically tracked by Reuters and Bloomberg
Growth was weaker than hoped, which could add pressure for lower borrowing costs to support the economy

These are possible reactions based on how markets have typically responded to past GDP surprises, not predictions of what will happen on November 13, 2026.
Why does this release matter right now?
Euro area growth has been uneven through 2025 and into 2026. Quarterly GDP growth peaked at 0.6% in the first quarter of 2025 before slowing sharply to 0.1% in the second quarter, according to Eurostat’s July 2025 flash release. It picked up modestly through the second half of 2025, then stalled entirely in the first quarter of 2026 before rebounding to 0.4% in the second quarter, per Eurostat’s April 2026 and July 2026 releases.
That volatility keeps the ECB’s Governing Council watching closely for signs of whether the recovery in the second quarter was a genuine turning point or a temporary bounce. Growth trends also feed into how banks and asset managers price government bonds from Germany, France and Italy, and into forecasts for corporate revenue across the region.
Recent Eurozone GDP readings

Quarter
QoQ change
YoY change

Q1 2025
+0.6%
1.4%

Q2 2025
+0.1%
1.4%

Q3 2025
+0.2%
1.3%

Q4 2025
+0.2%
1.3%

Q1 2026
0.0%
0.8%

Q2 2026
+0.4%
1.0%

Figures are flash estimates as originally published by Eurostat and may have been revised subsequently.
What It Means for Your Money
Mortgages and borrowing costs: Eurozone growth surprises influence expectations for ECB interest rate decisions, which feed through to mortgage rates across the currency bloc, particularly in countries with variable-rate lending such as Spain and Portugal.
Savings: If weak growth pushes the ECB toward further rate cuts, savings account and fixed-term deposit rates across the eurozone could drift lower over time. Stronger growth reduces the case for cuts, which tends to support savings returns.
Jobs and wages: GDP growth and employment tend to move together. Sustained weak growth raises the risk of slower hiring or job losses in export-heavy sectors such as German manufacturing, while stronger growth supports wage negotiations.
Investments and pensions: European equity markets, including funds commonly held in UK and international pension portfolios, often react to GDP surprises, since company earnings depend heavily on domestic and regional demand.
Currencies: A stronger than expected reading tends to support the euro against the dollar and the pound, affecting the cost of European holidays, imports and cross-border business for people in the UK, Asia and beyond.
Related events

The previous Eurozone GDP Flash: Eurozone GDP Flash, October 2026
Full release history and background on the Eurozone GDP Flash hub page
ECB monetary policy decisions, which respond closely to GDP trends

Frequently Asked Questions
What time is the Q3 2026 Eurozone GDP flash released?
Eurostat publishes the flash estimate at 11:00 am CET on November 13, 2026, which is 5:00 am ET and 10:00 am London time.
How do I read the GDP flash figure?
The headline number is the percentage change in seasonally adjusted GDP compared with the previous quarter (QoQ), alongside a year-on-year comparison. Positive numbers indicate growth, negative numbers indicate contraction.
How does this release affect ECB interest rate decisions?
Weaker than expected growth can increase the likelihood of the ECB cutting interest rates to support the economy, while stronger growth can reduce the case for cuts, based on how markets have historically priced ECB expectations around past releases.
Where can I find the official release?
The official release is published on the Eurostat euro indicators release calendar and as a dedicated news release on the Eurostat website.
When is the next Eurozone GDP flash released?
Eurostat’s flash GDP estimates are published roughly 30 days after the end of each quarter, so the Q4 2026 flash estimate is expected in mid-February 2027, with the exact date confirmed on the Eurostat release calendar closer to the time.
← Previous Eurozone GDP Flash

US Producer Price Index November 2026
2026-11-13 08:30 - 09:30
Next US Producer Price Index: Friday, November 13, 2026 at 8:30 am ET (1:30 pm London). Covers October 2026 data.

Consensus
Not yet published
Actual
Pending

Updated August 25, 2026

← Previous US Producer Price IndexNext US Producer Price Index →
The U.S. Bureau of Labor Statistics (BLS) will release the Producer Price Index (PPI) for October 2026 on Friday, November 13, 2026, at 8:30 a.m. Eastern Time. The PPI measures the average change over time in the prices received by domestic producers for their output. This release is the first major inflation data point of the November economic calendar, arriving three days after the US CPI Report November 2026, published November 10. Together, the two releases will frame market expectations for December Federal Reserve (Fed) policy decisions. Consensus forecasts are not yet available at the time of writing.
What Is the Producer Price Index?
The Producer Price Index measures price changes from the perspective of domestic producers rather than consumers. The headline metric tracked by markets is the PPI for final demand, which covers roughly 75% of domestic production output. This measure includes prices for goods sold to personal consumers, capital goods, and exports, as well as services sold to businesses and government.
The BLS releases PPI data approximately two weeks after the end of the reference month. Because producer prices sit earlier in the supply chain than consumer prices, the PPI often serves as a leading indicator for the Consumer Price Index (CPI): when input costs rise for producers, those costs tend to flow through to consumers over subsequent weeks and months. Specific services PPI components, particularly healthcare services and portfolio management fees, feed directly into the calculation of the Personal Consumption Expenditures (PCE) deflator, the Fed’s preferred inflation measure.
Core PPI (excluding food and energy) and the trade services component — which captures changes in wholesale and retail margins — receive particular attention from analysts as cleaner measures of underlying inflationary momentum, less distorted by commodity price swings.
PPI Release: November 13, 2026
The November 13 release covers October 2026 producer prices. October is a particularly important reference month because it marks the start of Q4 2026 and will inform whether the inflationary pressures seen in the first half of 2026 are continuing, moderating, or reversing. The BLS data will capture wholesale and producer pricing behaviour as businesses begin preparing for the critical holiday shopping season.
In April 2026, the most recent data available at the time of writing, final demand PPI rose 6.0% year-over-year, according to the BLS, the largest 12-month advance since December 2022. The April MoM increase of 1.4% was also the highest since March 2022. The trajectory of the PPI through the remaining months of 2026 will be a critical data series for assessing whether this acceleration represents a temporary tariff-related peak or a more persistent shift in producer pricing power.
Why This PPI Release Matters
The November 13 PPI release comes in the context of the December FOMC meeting (scheduled for December 9-10, 2026). Alongside the October CPI data, this PPI reading will help the Federal Reserve assess whether inflation is on a sufficiently converging path toward its 2% target to justify any change in the policy rate. A meaningful deceleration from April 2026’s 6.0% YoY pace would strengthen the case for rate cuts; a re-acceleration would complicate easing.
For corporate earnings analysis, the October PPI provides an update on input cost pressures heading into Q4 2026 reporting season. Companies with significant exposure to raw materials, energy, or services inputs will be particularly affected by the PPI trend. The November 13 reading will arrive during earnings season, where analysts will be comparing management commentary on cost pressures with the BLS data.
For fixed income and currency markets, the PPI is a key variable in the broader inflation narrative. A benign PPI would support Treasury bond prices and reduce dollar demand driven by interest rate differentials, while a hotter-than-expected print would have the opposite effect. Given that the November FOMC meeting has already taken place by November 13, the October PPI will primarily influence December meeting expectations.
What to Watch For

Above consensus — A higher-than-expected print signals persistent upstream price pressures. Markets would likely push back December rate cut expectations, Treasury yields would rise, and growth-sensitive sectors would face headwinds. The services PPI component would be scrutinised for signs of sticky price-setting beyond the energy sector.
In line with consensus — A neutral result would maintain the existing inflation narrative. Markets would look to the sub-components: core PPI, trade services margins, and intermediate demand — for more nuanced signals about the direction of producer costs.
Below consensus — A weaker-than-expected reading would be constructive for risk assets and bond markets, supporting the case for a December rate cut and signalling that the supply-chain cost pressures of early 2026 are fading. Consumer-facing companies could re-rate positively on the prospect of easing input costs.

Historical Context

Release Date
Reference Month
YoY Change
MoM Change

May 13, 2026
April 2026
+6.0%
+1.4%

April 14, 2026
March 2026
+4.0%
+0.7%

September 2025
August 2025
+2.6%
-0.1%

July 2025
June 2025
+2.3%
0.0%

Source: U.S. Bureau of Labor Statistics. YoY = year-over-year change for final demand PPI. Annual 2025 full-year change: +3.0%.
Market Positioning
The sharp acceleration in producer prices from 2.3% YoY in mid-2025 to 6.0% by April 2026 has been one of the dominant inflation narratives of the year. As the year-over-year base effects from mid-2025 (which was a period of relatively contained PPI readings) roll forward, the mathematical base effect will naturally tend to moderate YoY PPI readings in H2 2026, even if monthly price increases remain modest. This base effect dynamic will be a key consideration in interpreting the November 13 data. The US Retail Sales November 2026 report, released the same week, will show whether producer cost trends are affecting consumer spending patterns.
Related Events This Week

US CPI Report November 2026 — Released November 10, three days before the PPI, providing the consumer-side inflation picture that precedes this producer-side reading.
US Retail Sales November 2026 — Released the same week, retail sales data shows whether elevated producer costs are being absorbed at the retail level or passed to consumers.
FOMC Rate Decision December 2026 — The Fed’s December meeting will be significantly influenced by the combination of October CPI and PPI, making November 13 a critical date for rate expectations.

Frequently Asked Questions
What does the Producer Price Index measure?
The PPI measures the average change in prices received by domestic producers for goods and services at various stages of production. The headline figure for final demand PPI covers prices of goods and services sold for personal consumption, capital investment, and export. It is published monthly by the U.S. Bureau of Labor Statistics at 8:30 a.m. Eastern Time, approximately two weeks after the reference month ends.
When is the November 2026 PPI released?
The Producer Price Index for October 2026 (the October reference month) will be released on Friday, November 13, 2026, at 8:30 a.m. Eastern Time by the U.S. Bureau of Labor Statistics.
How does the PPI relate to the Federal Reserve’s policy decisions?
The PPI influences the Fed in two ways. First, it is a leading indicator for CPI, helping the Fed anticipate where consumer inflation is heading. Second, specific PPI components feed directly into the PCE deflator, the Fed’s preferred inflation measure. A sustained decline in the PPI gives the Fed confidence that consumer inflation will follow, supporting the case for rate cuts, while a persistent high PPI suggests that inflation pressures remain embedded in the production chain.

Japan GDP November 2026
2026-11-15 18:50 - 19:50
Next Japan GDP: Monday, November 16, 2026 at 8:50 am JST (6:50 pm ET, 11:50 pm London). Covers Q3 2026 data.

Consensus
Not yet published
Prior
+0.3% QoQ / +1.1% annualised (Q2 2026)
Actual
Pending

Full schedule and background: Japan GDP.
Updated September 2, 2026

← Previous Japan GDP
Japan’s Q3 2026 gross domestic product (GDP) report is due on Monday, November 16, 2026, at 8:50 am JST (6:50 pm ET on Sunday, November 15 in the United States, and 11:50 pm London time). The preliminary figures are published by Japan’s Cabinet Office through its Economic and Social Research Institute (ESRI), and this release covers economic activity for the third quarter of 2026 (July to September). Full schedule and background: Japan GDP.
What is Japan’s GDP report?
Gross domestic product measures the total value of goods and services produced in an economy over a given period. Japan’s Cabinet Office calculates it from spending data across households, businesses, government and trade, then compares the result with the previous quarter (quarter-on-quarter growth) and expresses it as an annualised rate, which shows what the quarterly pace of growth or contraction would look like if it continued for a full year.
The headline figure is broken into components: private consumption (spending by households, which typically accounts for more than half of Japanese output), business investment, public spending, housing investment, and net trade (exports minus imports). Each of these tells a different story about where growth or weakness is coming from.
Markets watch this release because Japan is the world’s fourth-largest economy and a bellwether for global manufacturing and trade cycles. The Bank of Japan (BoJ) uses GDP trends, alongside inflation and wage data, to judge whether the economy can withstand higher interest rates. A weak GDP print can delay expected policy tightening, while a strong one can bring rate rises forward, moving the yen, Japanese government bond yields and the Nikkei 225.
When is the Q3 2026 GDP report released?
The preliminary (first) estimate for Q3 2026 is scheduled for Monday, November 16, 2026, at 8:50 am Japan Standard Time. That converts to 6:50 pm ET in the United States on the preceding Sunday evening, and 11:50 pm in London the same evening, because of the large time difference between Tokyo and Western markets. The data is published on the ESRI section of the Cabinet Office website. A revised estimate, incorporating more complete corporate and public investment data, typically follows around six to eight weeks later.
What is the consensus forecast?
As of this preview, a consensus forecast for Q3 2026 GDP has not yet been published. Economist surveys from Reuters and Bloomberg for this release are typically compiled in the days immediately before publication, so figures will firm up closer to November 16, 2026. This page will be updated once a consensus is available.
The most recent published reading is for Q2 2026, when the Cabinet Office reported quarterly growth of 0.3%, equivalent to an annualised rate of 1.1%. That missed economists’ prior expectations of a 2.0% annualised gain, according to Trading Economics, and marked a slowdown from a marginally revised 1.9% pace in the first quarter of 2026.

Measure
Prior (Q2 2026)
Consensus (Q3 2026)

GDP, quarter-on-quarter
+0.3%
Not yet published

GDP, annualised
+1.1%
Not yet published

Private consumption contribution
Flat (0.0 percentage points)
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Yen could strengthen and Japanese government bond yields could rise, as traders price in a higher chance the BoJ presses ahead with policy normalisation
The economy grew faster than expected, suggesting demand and business activity are holding up, which supports the case for interest rates staying higher for longer

In line with consensus
Limited market reaction, with attention shifting to the underlying breakdown, particularly consumption and trade
Growth matched expectations, so the report mostly confirms the existing outlook rather than changing it

Below consensus
Yen could weaken and equities could react positively on hopes the BoJ delays further rate rises
Growth is weaker than hoped, which may reflect soft household spending or a slowdown in exports, and could ease pressure on the central bank to tighten policy quickly

These are possibilities based on how markets have historically responded to Japanese growth surprises, not predictions of what will happen on November 16, 2026.
Why does this release matter right now?
Japan’s growth path has been uneven through 2026. The Q2 2026 slowdown to a 1.1% annualised pace, down from 1.9% in the first quarter, was driven largely by a stall in private consumption, which economists at Oxford Economics linked partly to one-off swings in domestic demand, according to CNBC. Net trade added to growth in that quarter, while weaker domestic demand subtracted from it, a pattern the Bank of Japan will be watching closely as it weighs further interest rate moves.
The BoJ has spent the past two years unwinding its long period of ultra-low rates, and each GDP release feeds into its assessment of whether Japanese households and businesses can absorb higher borrowing costs without growth stalling. A run of soft consumption figures, as seen in Q2 2026, tends to make policymakers more cautious, while resilient business investment or exports can offset that caution. Global context matters too: slower demand from China, currency swings in the yen, and the pace of United States and European growth all feed into Japanese trade figures, which is why this release is watched well beyond Japan’s own borders.
What It Means for Your Money

Mortgages and borrowing costs: in Japan, a stronger-than-expected GDP print can support the case for further Bank of Japan rate rises, which would push up variable mortgage and loan rates for Japanese borrowers. A weak print could delay that.
Savings: higher Japanese interest rates, if they follow from a strong GDP report, would gradually improve returns on yen savings accounts and deposits, which have been unusually low for decades.
Jobs and wages: sustained GDP growth supports hiring and wage negotiations in Japan, which in turn affects consumer spending power. A weak reading can signal softer labour demand ahead.
Prices: GDP trends feed into the Bank of Japan’s inflation outlook. Slower growth can ease price pressures, while stronger growth can add to them, influencing the cost of everyday goods.
Investments, pensions and currencies: the yen and Japanese equities, including funds widely held in UK and European pension portfolios, often move on this release. A stronger figure can lift the yen against the dollar, pound and euro, affecting the returns of anyone holding Japanese assets or funds with currency exposure, while exporters listed on the Nikkei 225 can be sensitive to yen moves in either direction.

Related events

Previous release: Japan GDP, September 2026
Full release history and background: Japan GDP hub page
Bank of Japan interest rate decisions, which respond closely to GDP and inflation trends

Frequently Asked Questions
What time is the Japan Q3 2026 GDP report released?
The preliminary estimate is published at 8:50 am Japan Standard Time on November 16, 2026, which is 6:50 pm ET the previous evening in the United States and 11:50 pm in London.
How do I read the headline GDP figure?
Look at both the quarter-on-quarter percentage change and the annualised rate, which shows what that pace of growth would equal over a full year, then check the breakdown between domestic demand (consumption, investment, government spending) and net trade.
How does this release affect Bank of Japan interest rate decisions?
The BoJ weighs GDP alongside inflation and wage growth when deciding whether the economy can handle higher borrowing costs. A strong reading can support further rate rises, while a weak one can encourage a pause.
Where can I find the official GDP release?
The data is published by Japan’s Cabinet Office through its Economic and Social Research Institute (ESRI), available on the ESRI national accounts page.
When is the next Japan GDP release after this one?
A revised estimate for Q3 2026 typically follows six to eight weeks after the preliminary release, with the preliminary estimate for Q4 2026 expected in mid-February 2027.
← Previous Japan GDP

Canada CPI November 2026
2026-11-16 08:30 - 09:30
Next Canada CPI: Monday, November 16, 2026 at 8:30 am ET (1:30 pm London). Covers October 2026 data.

Consensus
Not yet published
Prior
3.0% YoY (July 2026)
Actual
Pending

Full schedule and background: Canada CPI.
Updated August 25, 2026

← Previous Canada CPI
Statistics Canada publishes the Consumer Price Index (CPI) for October 2026 on Monday, November 16, 2026 at 8:30 am ET (1:30 pm London time). The report is the country’s main measure of inflation and is watched closely by the Bank of Canada, mortgage holders and anyone paid in Canadian dollars. Full background and the release schedule for this series are on the Canada CPI hub page.
What is the Canada CPI?
The Consumer Price Index tracks the average change in prices that Canadian households pay for a fixed basket of goods and services, including food, shelter, transport, clothing and recreation. Statistics Canada collects prices from thousands of retailers and service providers across the country each month and compares them with the same basket a year earlier to produce the year-over-year inflation rate that makes headlines.
Alongside the headline number, Statistics Canada publishes core inflation measures, including the trimmed-mean and median CPI, which strip out the most volatile price swings, typically in gasoline and food. These core measures are the ones the Bank of Canada leans on most heavily when setting interest rates, because they are thought to better reflect the underlying trend in prices rather than one-off shocks.
Markets watch the CPI because it feeds directly into the Bank of Canada’s interest rate decisions. A stronger-than-expected reading can push bond yields and the Canadian dollar higher on expectations that rates will stay higher for longer, while a weaker reading can do the opposite. Basis points, a term used throughout rate markets, simply mean hundredths of a percentage point, so 25 basis points equals 0.25%.
When is the October CPI released?
Statistics Canada will publish the October 2026 CPI report on Monday, November 16, 2026 at 8:30 am ET, which is 1:30 pm in London. The data appears in “The Daily”, the agency’s official release bulletin, and in the accompanying data tables on the Statistics Canada website. Statistics Canada typically releases CPI data around the third week of the following month, so this date follows the usual pattern for the series.
What is the consensus forecast?
As of the time of writing, no consensus forecast for the October 2026 CPI has yet been published by major polling desks such as Reuters or Bloomberg. These forecasts are usually compiled by economists surveyed in the days immediately before the release, so a consensus figure typically appears closer to the publication date. Readers should check back nearer November 16, 2026 for an updated forecast.
The most recent confirmed reading available at the time of writing was for July 2026, when the CPI rose 3.0% year over year, up from a 2.8% gain in June 2026, according to Statistics Canada’s official release. Two further monthly reports, for August and September 2026, will be published before this November report on October CPI, so readers should treat the July figure as background context rather than the immediate prior print.

Measure
Prior (July 2026)
Consensus

Headline CPI (year over year)
3.0%
Not yet published

CPI excluding gasoline
2.2%
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Bond yields and the Canadian dollar could rise on bets that the Bank of Canada holds rates higher for longer
Prices rose faster than expected, which could keep borrowing costs elevated for households and businesses

In line with consensus
A muted market reaction, since traders will have already priced in the expected figure
Inflation is behaving broadly as economists predicted, so the current interest rate path likely continues unchanged

Below consensus
Yields and the Canadian dollar could soften as markets price in a greater chance of rate cuts
Prices rose more slowly than expected, which could ease pressure on mortgage and loan costs over time

These are possibilities discussed by economists and traders, not predictions of what will happen. Analysts at TD Economics have previously noted that gasoline prices remain one of the biggest swing factors behind month-to-month surprises in the headline figure.
Why does this release matter right now?
Canadian inflation has been drifting above the Bank of Canada’s 2% target through much of 2026, with the headline rate moving between roughly 1.8% and 3.2% over the course of the year, according to Statistics Canada’s monthly releases. Energy price swings, tied in part to tensions in the Middle East affecting global oil markets, have been a recurring driver of month-to-month volatility, while shelter costs, particularly rent and homeowners’ costs, have remained a persistent source of underlying price pressure, as noted in commentary from WealthNorth’s inflation tracker.
The Bank of Canada uses the CPI, and particularly its core measures, to judge whether its policy interest rate is appropriately calibrated. If inflation cools further towards target, it strengthens the case for the Bank to continue cutting rates. If it proves stickier than hoped, especially in shelter and services, policymakers may choose to hold rates steady for longer. This October report lands in the window before the Bank’s next scheduled rate announcement, so it will feed directly into that debate.
What It Means for Your Money

Mortgages and loans: A hotter-than-expected CPI print can reduce the chances of near-term Bank of Canada rate cuts, which matters most for anyone on a variable-rate mortgage or renewing a fixed-rate deal soon.
Savings: Interest rates on savings accounts and guaranteed investment certificates tend to track the Bank of Canada’s policy rate, so a weaker inflation reading that raises the odds of rate cuts could eventually mean lower returns on cash savings.
Jobs and wages: Persistently high inflation erodes the real value of pay rises, so workers may push harder for wage increases if the CPI keeps running above the Bank’s 2% target.
Prices and household budgets: The shelter and food components of the CPI have the most direct effect on everyday spending, so movements in rent, groceries and fuel prices tend to be felt immediately by households.
Investments, pensions and the loonie: Bond markets, pension fund discount rates and the Canadian dollar all react to shifts in inflation expectations. A weaker Canadian dollar can also make imported goods more expensive, which has knock-on effects for UK, European and Asian exporters selling into the Canadian market, as well as for Canadians travelling or investing abroad.

Related events

Previous release: Canada CPI, October 2026 report
Full release calendar and background: Canada CPI hub page
The next Bank of Canada interest rate decision, which typically follows within weeks of this release

Frequently Asked Questions
What time is the Canada CPI for October 2026 released?
Statistics Canada publishes the report at 8:30 am ET (1:30 pm London time) on Monday, November 16, 2026.
How should I read the headline CPI figure?
The headline figure is the year-over-year change in average prices, but the core measures, such as the trimmed-mean and median CPI, are watched more closely by the Bank of Canada because they filter out one-off swings in items like gasoline.
How does this release affect Bank of Canada interest rate decisions?
The Bank of Canada uses CPI trends, especially the core measures, to judge whether inflation is moving back towards its 2% target, which directly informs whether it holds, cuts or raises its policy interest rate.
Where can I find the official release?
The report is published in “The Daily” on the Statistics Canada website, alongside detailed data tables covering provinces and CPI components.
When is the next Canada CPI release?
Statistics Canada typically publishes CPI data around the third week of each month, so the next report, covering November 2026 data, is expected in mid-December 2026.
← Previous Canada CPI

UK Labour Market Report November 2026
2026-11-17 02:00 - 03:00
Next UK Labour Market Report: Tuesday, November 17, 2026 at 7:00 am GMT (2:00 am ET, 7:00 am London).

Consensus
Not yet published
Prior
4.9% unemployment rate (April to June 2026)
Actual
Pending

Full schedule and background: UK Labour Market Report.
Updated August 25, 2026

← Previous UK Labour Market Report
The UK Labour Market Report for November 2026 is published by the Office for National Statistics (ONS) on Tuesday, November 17, 2026 at 7:00am London time (2:00am ET). It covers labour market data for the three months to September 2026, alongside a single month of payrolled employee figures for October 2026. Full background and the release schedule for this series is available on the UK Labour Market Report hub page.
What is the UK Labour Market Report?
The UK Labour Market Report, officially titled “Labour market overview, UK”, is the ONS’s monthly summary of employment, unemployment and pay across the United Kingdom. It combines results from the Labour Force Survey (LFS), a household survey of around 40,000 people, with administrative payroll data supplied by HM Revenue and Customs (HMRC) through Real Time Information (RTI) on pay-as-you-earn employment.
The headline figures are the unemployment rate (the share of the working-age population who are without a job and actively looking for one), the employment rate (the share who are in work), and economic inactivity (people neither working nor seeking work, including students, carers and the long-term sick). Alongside these sits average weekly earnings, which measures wage growth both including and excluding bonuses, and is often called “regular pay growth” when bonuses are stripped out.
Markets watch this release because the Bank of England’s Monetary Policy Committee treats the labour market as one of the clearest signals of domestic inflation pressure. Persistently strong wage growth can keep services inflation elevated, while rising unemployment or falling vacancies can be read as evidence that the economy is cooling enough to bring inflation back to target. The report therefore feeds directly into expectations for UK interest rates, gilt yields and sterling.
When is the November labour market report released?
The ONS is scheduled to publish this bulletin on November 17, 2026 at 7:00am London time (2:00am ET), in line with its usual practice of releasing labour market data on a Tuesday morning. The release appears on the ONS release calendar and on the dedicated labour market bulletin page on ons.gov.uk. Because of the lag in Labour Force Survey processing, the headline unemployment, employment and inactivity rates in this bulletin will cover the rolling three-month period from July to September 2026, while payrolled employment and vacancies figures will be more current, generally running to October 2026.
What is the consensus forecast?
As of now, a consensus forecast for the November 2026 UK Labour Market Report has not yet been published. City economists and data providers such as Reuters and Bloomberg typically issue their median forecasts for unemployment, employment change and average earnings growth only in the days immediately before the release, once September and October data trends become clearer. This page will be updated once a consensus becomes available.
The most recent confirmed reading, from the ONS bulletin covering April to June 2026 (published in August 2026), showed the unemployment rate at 4.9%, up 0.2 percentage points on the year but down 0.1 percentage points on the previous quarter. Payrolled employee numbers fell by 78,000 (0.3%) year-on-year to June 2026.

Measure
Prior reading
Consensus forecast

Unemployment rate
4.9% (April to June 2026)
Not yet published

Payrolled employees (year-on-year change)
-78,000 (-0.3%) to June 2026
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus (unemployment higher, or pay growth weaker, than expected)
Sterling could soften and gilt yields could fall, as traders price a higher chance of a Bank of England rate cut
A weaker labour market often signals slower future inflation, so the central bank may feel more comfortable cutting borrowing costs

In line with consensus
Limited immediate market reaction, since traders had already priced this outcome into rate expectations
The data confirms what was already expected, so mortgage and savings rates are unlikely to move much on the day

Below consensus (unemployment lower, or pay growth stronger, than expected)
Sterling could firm and gilt yields could rise, on reduced expectations of near-term rate cuts
A tighter labour market with strong pay growth can keep inflation pressure alive, making the Bank of England more cautious about cutting rates

These are possible market reactions based on how similar releases have been interpreted in the past, not predictions of what will happen in November 2026.
Why does this release matter right now?
The UK labour market has been gradually loosening through 2025 and 2026. ONS data show the unemployment rate rising from around 4.8% in the June to August 2025 period to 5.2% by the October to December 2025 quarter, before easing back toward 4.9% by mid-2026. Payrolled employee numbers have fallen year-on-year in every recent bulletin, reflecting employer caution around hiring amid higher payroll taxes and National Insurance costs introduced from April 2025.
The Bank of England has repeatedly said it is watching wage growth and vacancy levels closely as it weighs further interest rate moves. A cooling jobs market, if it continues, gives the Monetary Policy Committee more room to cut rates without worrying that pay rises will keep pushing up prices in shops, restaurants and other services. Commentary from outlets such as Indeed Hiring Lab has described the labour market as continuing to soften into late 2025, with youth unemployment reaching its highest level in over a decade.
Because the Bank of England’s next rate decisions are informed directly by this data, and because the UK labour market often moves in tandem with, or slightly ahead of, trends in the eurozone and the United States, this release is watched well beyond UK borders by investors positioning in sterling, gilts and European equities.
What It Means for Your Money

Mortgages and loans: a weaker labour market that raises the odds of a Bank of England rate cut can, over time, feed through to lower fixed and tracker mortgage rates, though lenders typically react to the broader trend rather than a single month’s figures.
Savings: if rate cut expectations build, banks and building societies tend to trim savings rates in anticipation, so savers may want to compare fixed-rate deals before rates move.
Jobs and wages: falling vacancies and rising unemployment generally mean less bargaining power for workers negotiating pay rises, and can make it harder to switch jobs or negotiate a promotion.
Prices: slower wage growth typically eases pressure on services inflation over time, which can help bring down the cost of everyday services such as haircuts, restaurant meals and other labour-intensive purchases.
Investments, pensions and the pound: UK gilts, equities and sterling can all move on this data as it shifts expectations for interest rates; a weaker reading tends to pressure the pound lower against the dollar and euro, which can raise the price of imported goods and holidays abroad, while a stronger reading can support sterling.

Related events

Previous release: UK Labour Market Report, October 2026
Hub page with the full schedule and background: UK Labour Market Report
Related UK data: the ONS Consumer Price Index (CPI) release and the Bank of England’s Monetary Policy Committee decisions, both of which respond closely to labour market trends

Frequently Asked Questions
What time is the November 2026 UK Labour Market Report released?
The ONS publishes the report at 7:00am London time (2:00am ET) on November 17, 2026.
What period does the November report cover?
The headline unemployment, employment and inactivity rates cover the three months to September 2026, while payrolled employee figures are typically more current, covering October 2026.
How does this report affect UK interest rates?
The Bank of England uses labour market and wage growth data as a key input when deciding whether to raise, hold or cut interest rates, since a tight jobs market with strong pay growth can sustain inflation pressure.
Where can I find the official release?
The bulletin is published on the ONS release calendar under “Labour market overview, UK”.
When is the next UK labour market report after this one?
The ONS publishes this bulletin monthly, so the next release is expected in December 2026, following the ONS’s regular schedule.
← Previous UK Labour Market Report

US Retail Sales November 2026
2026-11-17 08:30 - 09:30
Next US Personal Income and Outlays (PCE): Tuesday, November 17, 2026 at 8:30 am ET (1:30 pm London). Covers October 2026 data.

Consensus
Not yet published
Actual
Pending

Full schedule and background: US Personal Income and Outlays (PCE).
Updated August 25, 2026

← Previous US Personal Income and Outlays (PCE)Next US Personal Income and Outlays (PCE) →
The US Census Bureau publishes the advance estimate of retail and food services sales for October 2026 on 17 November 2026. October is one of the most closely watched months in the retail calendar because it marks the start of the holiday shopping season and the run-up to Black Friday. The November release therefore provides a critical early read on whether households are entering the year-end spending period with confidence and momentum.

At a Glance

Detail

Information

Release

Advance Retail and Food Services Sales

Releasing Agency

US Census Bureau

Release Date

17 November 2026

Reference Period

October 2026

Release Time

8:30 am Eastern Time

Prior Reading (April 2026)

+0.5% MoM / +4.9% YoY

Frequency

Monthly

Market Impact

High

Why October Retail Sales Matter

October occupies a strategically important position in the retail year. It is the first full month of the traditional holiday shopping season, during which major retailers begin rolling out promotional pricing, extending Black Friday deals across the entire month. Consumers have historically front-loaded some holiday purchases into October, particularly as e-commerce platforms have normalised early seasonal sales events.

As a result, October retail sales data serves as an advance indicator for fourth-quarter consumer spending trends. A strong October reading typically lifts market confidence in the broader holiday shopping outlook; a weak reading raises concerns about consumer health heading into the year-end period. The Federal Reserve also pays close attention, since fourth-quarter spending patterns feed into estimates of full-year GDP growth.

What the Report Measures

The advance retail sales report covers total receipts at stores selling merchandise and at food services establishments across 13 categories. The Census Bureau samples approximately 5,500 businesses monthly, producing estimates revised in two subsequent releases.

Beyond the headline total, analysts focus on three measures:

Sales excluding motor vehicles and parts — removes the most volatile single component for a cleaner underlying read.

Sales excluding motor vehicles and petrol — strips out both vehicle and fuel price effects.

The control group — excludes motor vehicles, fuel stations, building materials, and food services. This feeds directly into the GDP personal consumption expenditures calculation and is the figure most closely watched by economists modelling quarterly growth.

Recent Consumer Spending Trend

Consumer spending through the first half of 2026 showed resilience. February 2026 retail sales grew 0.7% month-on-month, and March surged 1.7% as energy prices spiked sharply. April settled back to a more measured 0.5% gain, with annual growth running at 4.9%. The September 2026 reading, published in the US Retail Sales October 2026 release on 15 October, will provide important context for interpreting October’s performance.

Heading into the October reference period, several cross-currents will be relevant. Labour market conditions as reported in the US Employment Situation (November 2026), released 6 November and covering October payrolls, will establish the income and confidence backdrop for this retail report. The October jobs data will indicate whether employment growth remained firm enough to support sustained consumer spending momentum.

What to Watch

Holiday season early indicators. Analysts and large retailers publish early estimates of consumer traffic and sales volumes during October promotional events. These informal trackers can provide advance guidance on the direction of the official release, though methodology differences mean discrepancies are common.

Inflation context. The US CPI Report (November 2026), released 10 November and covering October prices, will be published a week before this retail sales report. The CPI reading will inform whether nominal retail gains reflect genuine volume growth or are partly a price effect. In an environment of moderating inflation, nominal gains translate more readily into real spending increases.

Non-store retailers and e-commerce. Online platforms have become a dominant force in October shopping, driven by promotional events scheduled across the month. Strong performance in the non-store retail category would signal that digital spending is extending its share of total retail activity. Weakness here, conversely, could indicate consumer caution even around promotional incentives.

Motor vehicles. Vehicle sales data from Ward’s and industry bodies provides an early read on the auto component, which can swing the headline figure by several tenths of a percentage point. Analysts typically factor this into headline estimates ahead of the Census Bureau release.

General merchandise and department stores. These categories are most directly exposed to seasonal holiday spending patterns in October. A strong reading here would support optimism about the broader fourth-quarter consumption outlook.

Key Sectors to Monitor

Non-store retailers — Online and catalogue sales. The most consequential category for October given the growth of promotional e-commerce events throughout the month.

General merchandise stores — Large-box retailers and warehouse clubs are early beneficiaries of holiday buying activity in October.

Clothing and accessories — Autumn lines are well-established by October, and early winter items begin appearing. Holiday gift-buying starts here for many consumers.

Electronics and appliances — A key category for gift purchases, often stimulated by October promotional events from major online retailers.

Food services and drinking places — A proxy for consumer confidence. Sustained strength in restaurant visits suggests households feel comfortable spending on experiences as well as goods.

Building materials and garden equipment — Expected to soften in October as outdoor and home improvement activity slows with colder weather across much of the country.

Market Implications

The November retail sales release arrives at a pivotal point in the macro calendar. The Federal Open Market Committee met in October, with the decision and any forward guidance on the path of rates providing context for how the Fed is reading consumer health. By mid-November, markets will be starting to price the December FOMC meeting.

The US Personal Income and Outlays (PCE) release on 25 November will follow this retail sales report and provide the Fed’s preferred inflation and spending measure for October. Together, the retail sales and PCE prints will shape expectations for the December FOMC meeting and constitute the bulk of the consumer-side data informing fourth-quarter GDP estimates.

A strong retail sales print for October tends to support the US dollar, lift consumer-facing equities, and push Treasury yields modestly higher as markets scale back near-term rate cut expectations. A soft reading has the opposite effect, with particular sensitivity in consumer discretionary stocks and shorter-duration bonds.

Seasonal Context

October retail data is subject to greater-than-average seasonal volatility due to the shifting timing of promotional events. The Census Bureau applies seasonal adjustment factors based on historical patterns, but the growing prevalence of “October Black Friday” and similar retailer-driven events has made seasonal adjustment increasingly complex. As a result, the advance estimate for October can occasionally be revised more significantly than other months when the Census Bureau updates its seasonal factors.

Year-on-year comparisons for October 2026 will be measured against October 2025, when consumer sentiment was already reflecting Federal Reserve policy developments and early-year spending patterns from the prior period. A positive year-on-year reading above the 4.9% pace recorded in April 2026 would signal genuine momentum; a deceleration would raise questions about whether consumer spending is moderating heading into 2027.

How to Read the Release

The report is published at 8:30 am Eastern Time. The Census Bureau summary table shows month-on-month and year-on-year percentage changes for all major retail categories in both seasonally adjusted and unadjusted terms. Analysts typically move through the headline, the ex-vehicles and ex-petrol figures, and then the control group in sequence, before examining category composition to understand what drove the top-line reading. Revisions to September’s advance estimate, published alongside the October data, will also draw attention given their implications for third-quarter GDP arithmetic.

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US Industrial Production November 2026
2026-11-17 09:15 - 10:15
Next US Industrial Production: Tuesday, November 17, 2026 at 9:15 am ET (2:15 pm London). Covers October 2026 data.

Consensus
,
Prior
Capacity utilization 76.3% (most recent confirmed Fed figure); September 2026 monthly change not yet confirmed
Actual
Pending

Full schedule and background: US Industrial Production.
Updated September 2, 2026

← Previous US Industrial Production
US Industrial Production for October 2026 is released on Tuesday, November 17, 2026 at 9:15 am ET (2:15 pm London time) by the Federal Reserve Board. The report, formally called the G.17 statistical release, covers factory, mining and utility output for October 2026. Full schedule and background: US Industrial Production.
What is industrial production?
Industrial production is a monthly index that measures the physical output of factories, mines and electric and gas utilities across the United States. Rather than counting dollars spent, it tracks the actual volume of goods and energy produced, from cars and machinery to steel, chemicals and electricity. Because it strips out price changes, economists treat it as a cleaner read on the health of the “real” economy than sales figures that can be distorted by inflation.
The Federal Reserve Board calculates the index using data from government agencies, trade associations and private surveys, weighting each industry by its share of total output. Alongside industrial production, the same release publishes capacity utilization, which shows what proportion of the country’s factories, mines and utilities are actually being used. A rising utilization rate can signal that businesses are running close to their limits, which sometimes precedes higher prices or new investment in capacity.
Markets watch this release because manufacturing and mining, together with construction, drive much of the swing in the business cycle. A run of weak industrial production readings often points to a slowing economy or a manufacturing recession, while strong readings can support the case for economic resilience, which feeds into how investors price interest rate expectations.
When is the October industrial production report released?
The Federal Reserve publishes the October 2026 industrial production and capacity utilization figures on Tuesday, November 17, 2026 at 9:15 am ET, which is 2:15 pm in London. The data is released on the Federal Reserve Board’s website as the G.17 statistical release, alongside detailed tables covering manufacturing, mining, utilities and capacity utilization by industry group. This date follows the Fed’s published 2026 release calendar and is not an estimate.
What is the consensus forecast?
At the time of writing, a consensus forecast for the October 2026 reading had not been clearly published by a major polling provider such as Reuters or Bloomberg. Readers should check a live economic calendar closer to release day, since forecasts for this indicator are typically only firmed up in the days before publication.
The most recently confirmed reading available from the Federal Reserve’s own data showed industrial production up 1.1 percent year-on-year as of July 2026, according to Trading Economics, while capacity utilization had stood at 76.3 percent in an earlier Fed release, a rate the Board noted was “3.2 percentage points below its long-run (1972 to 2024) average,” according to the Federal Reserve Board. These figures give a sense of the recent trend rather than a firm prior for the specific October print.

Measure
Prior
Consensus

Industrial production (m/m)
Not yet confirmed for September 2026
Not yet published

Capacity utilization
76.3% (most recent confirmed Fed figure)
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Could be read as a sign of economic resilience, potentially reducing the odds markets attach to near-term Federal Reserve rate cuts, based on how traders have reacted to stronger data in prior cycles
Factories and mines produced more than expected, suggesting demand held up better than feared

In line
Likely a limited market reaction, since the figure would confirm the trend already priced in by investors
Output grew or fell roughly as expected, with no major change to the economic outlook

Below consensus
Could add to concerns about a manufacturing slowdown, a theme analysts have flagged repeatedly through 2026, and may support the case for a more dovish (rate-cut-friendly) Fed stance
Production fell short, which can point to weaker orders, high borrowing costs, or softer demand from abroad

These are possibilities based on how markets have historically responded to industrial data surprises, not predictions of what will happen on November 17, 2026.
Why does this release matter right now?
Manufacturing has been a focal point for the Federal Reserve through 2026 as policymakers weigh a slowing labour market against stubborn services inflation. Capacity utilization has run below its long-run average for an extended period, a pattern the Fed itself has highlighted, which suggests spare capacity remains in the system rather than the kind of tightness that typically stokes inflation. Recent monthly prints have been mixed, with periods of modest growth followed by soft patches, reflecting uneven demand for goods both at home and from export markets in Europe and Asia.
The Fed’s own G.17 release also flagged unusual timing disruptions during 2025 and 2026, including delayed publication of some months’ data and a scheduled annual benchmark revision, both of which mean analysts are treating month-to-month comparisons with extra caution this year. Investors are also watching how a strong US dollar and shifting trade conditions are affecting export-heavy manufacturers, since a weaker global backdrop can weigh on US factory output even when domestic demand holds up.
What It Means for Your Money

Mortgages and borrowing: A weak industrial production report can nudge the Federal Reserve toward cutting interest rates sooner, which over time can filter through to lower mortgage and loan rates, though the connection is indirect and takes months to show up.
Savings: If the data supports a rate-cut path, savings account and money market yields in the US could gradually decline, a trend savers in the UK and eurozone also watch since central banks often move in loosely related cycles.
Jobs and wages: Manufacturing output trends often lead factory employment. A sustained slowdown can eventually mean fewer new manufacturing jobs or slower wage growth in industrial regions.
Investments and pensions: Industrial and manufacturing-heavy stocks, along with sectors like materials and energy, tend to react most directly to this data. Pension funds with exposure to US equities can see modest swings on release day.
Currencies: A surprise in either direction can move the US dollar against the pound and euro, since traders adjust their expectations for US interest rates. A weaker dollar can make imports cheaper for US consumers but can also affect returns for UK and European investors holding US assets.

Related events

Previous report: US Industrial Production, September 2026 data
Full series page: US Industrial Production hub, with historical readings and the full release calendar
Related US data to watch: retail sales, the ISM Manufacturing PMI and the Federal Reserve’s interest rate decisions, all of which help explain swings in factory and mining output

Frequently Asked Questions
What time is the October 2026 industrial production report released?
The Federal Reserve Board releases the data at 9:15 am ET on November 17, 2026, which is 2:15 pm in London.
How should I read the industrial production figure?
A positive monthly reading means factories, mines and utilities produced more than the previous month, while a negative reading means output fell. Economists also watch the capacity utilization rate alongside it for a fuller picture of slack in the economy.
How does this data affect interest rates?
The Federal Reserve considers industrial output as one part of its broader assessment of economic activity. Persistently weak readings can support arguments for lower interest rates, while strong readings can reduce the urgency for rate cuts, though this data alone rarely drives a Fed decision.
Where can I find the official release?
The Federal Reserve Board publishes the G.17 statistical release, including industrial production and capacity utilization data, on its official website at federalreserve.gov.
When is the next industrial production report?
The Federal Reserve’s published 2026 schedule lists the next release, covering November 2026 data, for December 16, 2026.
← Previous US Industrial Production

HD Earnings November 2026
2026-11-17 16:05 - 17:05
Next HD Quarterly Earnings: Tuesday, November 17, 2026 at 4:05 pm ET (9:05 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
Q2 FY2026: adjusted EPS $4.92 (beat $4.73 est.), revenue $47.9bn, up 5.7% YoY (August 2026)
Actual
Pending

Updated September 2, 2026

← Previous HD Quarterly Earnings
Home Depot, the world’s largest home improvement retailer, is scheduled to report its third-quarter fiscal 2026 earnings on Tuesday, November 17, 2026, at 4:05 pm ET (9:05 pm London time), before markets close for the regular session in the US and after the European trading day has ended. The figures typically arrive via press release followed by a conference call for analysts and investors. Because Home Depot has not yet formally confirmed this exact date, it is treated here as an estimate based on the company’s usual pattern of reporting roughly three weeks after the close of its fiscal quarter. Full schedule and background on this recurring release: HD Quarterly Earnings hub.
Markets watch Home Depot closely because it is one of the clearest windows into the health of the US housing market and consumer spending on big-ticket home projects. Its results ripple into homebuilder shares, mortgage-sensitive stocks, and broader retail sentiment, and are watched by fund managers well beyond the United States because Home Depot sits inside most global tracker funds and pension portfolios that hold the S&P 500.
What is the Home Depot Q3 earnings report?
This is the quarterly results announcement for Home Depot’s fiscal third quarter, covering trading from roughly early August through early November 2026. The company, led by chair, president and chief executive Ted Decker, will disclose total sales, comparable sales (like-for-like performance at stores open more than a year), gross margin, operating income and diluted earnings per share (EPS, profit divided by the number of shares in issue). Management also usually updates full-year guidance, the financial targets the company expects to hit by the end of its fiscal year, which investors use to judge whether the business is tracking ahead of or behind plan.
The report matters to a wide audience: retail investors who hold Home Depot shares directly, index fund savers who are exposed through pensions and ISAs that track the S&P 500, and anyone watching the US housing and renovation market as a barometer of consumer confidence.
When is the Home Depot Q3 report and how to follow it
The release is expected before the market closes on Tuesday, November 17, 2026, with the headline numbers published in a press release and posted to the investor relations section of Home Depot’s website. A conference call with analysts usually follows shortly after, often webcast live and archived for later listening. As the exact date has not been confirmed by the company at the time of writing, readers should treat November 17 as the likely date based on Home Depot’s typical reporting cadence, and check the investor relations site nearer the time for confirmation.
Financial news wires, brokerage platforms and data providers such as Finnhub typically flag the confirmed date once Home Depot sets it, usually a few weeks ahead of the release.
What to expect
A consensus forecast for Q3 fiscal 2026 EPS and revenue has not yet been published in detail at the time of writing, and figures will firm up as analysts update models closer to the date. Investors should watch for consensus estimates from providers such as Bloomberg or Visible Alpha to appear in the weeks before the release. Historically, Home Depot has been closely tracked on comparable sales growth, the performance of its Pro (professional contractor) customer segment against do-it-yourself shoppers, and gross margin trends, which have recently been influenced by tariff-related costs and refunds.
In the prior quarter, Q2 fiscal 2026, Home Depot reported sales of $47.9 billion, up 5.7% year on year, with comparable sales up 1.7% and US comparable sales up 1.3%. Adjusted diluted EPS was $4.92, ahead of the $4.73 analysts had expected, according to Investing.com. Gross margin was 33.7%, helped in part by a tariff refund. In Q1 fiscal 2026, adjusted diluted EPS was $3.43, edging past the $3.41 analyst estimate. For the full fiscal year, the company has guided to total sales growth of approximately 2.5% to 4.5% and diluted EPS growth of roughly flat to 4% from $14.23 in fiscal 2025, according to Simply Wall St, which tracks Home Depot’s own guidance updates.

Quarter
Revenue
Adjusted EPS
vs estimate

Q1 FY2026
Not separately disclosed here
$3.43
Beat ($3.41 expected)

Q2 FY2026
$47.9 billion
$4.92
Beat ($4.73 expected)

Q4 FY2025
Sales rose 3.2% year on year
Not separately disclosed here
Not separately disclosed here

Q3 FY2025 (year-ago comparison)
$40.2 billion
Comps and EPS declined
Not separately disclosed here

What the outcome could mean

Scenario
Likely market read
Plain-English meaning

Beat on EPS and comparable sales
Shares likely rise, seen as a sign the US consumer and housing renovation market remain resilient
People are still spending on home projects despite higher borrowing costs, which is good news for related retailers and suppliers

In line with expectations
Muted share reaction, attention shifts to management’s guidance and tone on the call
Home Depot’s business is performing broadly as expected, with no major surprise for the wider economy

Miss on EPS or weak guidance
Shares likely fall, could weigh on homebuilders and other housing-linked stocks
Higher mortgage rates or affordability pressures may be discouraging homeowners from spending on renovations

What It Means for Your Money
Home Depot shares sit inside most large index funds and many workplace pensions, so a sharp move in either direction can nudge the value of retirement savings even for people who have never bought the stock directly. A weak report that points to slowing home renovation spending can also be an early signal about the broader US consumer, which matters for currency markets: a softer US economic picture sometimes weighs on the dollar, with knock-on effects for the price of imports in the UK and Europe. For anyone planning a home renovation, Home Depot’s commentary on demand and pricing can offer a rough guide to whether materials costs and contractor availability are easing or tightening. Mortgage-sensitive housing stocks, and by extension pension funds and savings products with property exposure, tend to move alongside Home Depot’s read on renovation demand.
Related events

HD Q2 FY2026 earnings, reported August 2026: HD earnings August 2026
Lowe’s quarterly earnings, a close comparison for the home improvement sector
US retail sales and housing starts data, which set the backdrop for Home Depot’s demand trends

Frequently Asked Questions
What time does Home Depot report Q3 fiscal 2026 earnings?
The report is expected at 4:05 pm ET (9:05 pm London time) on Tuesday, November 17, 2026, though the company has not formally confirmed the date.
Is a consensus forecast available for this report?
A detailed consensus forecast for Q3 fiscal 2026 has not yet been published; analyst estimates typically firm up in the weeks before the release.
What was Home Depot’s previous quarterly result?
In Q2 fiscal 2026, Home Depot reported adjusted diluted EPS of $4.92 on sales of $47.9 billion, beating the $4.73 EPS estimate, according to Investing.com.
Why does Home Depot’s earnings report matter to non-US investors?
Home Depot is a large constituent of the S&P 500 held in many global pension and index funds, and its results offer a read on US housing and consumer spending that can influence dollar-linked currency moves and homebuilder shares worldwide.
Where can I watch the Home Depot earnings call?
Home Depot typically webcasts its earnings conference call live on its investor relations website, with a replay usually made available afterwards.
← Previous HD Quarterly Earnings

UK CPI Inflation November 2026
2026-11-18 02:00 - 03:00
Next UK CPI Inflation: Wednesday, November 18, 2026 at 7:00 am GMT (2:00 am ET, 7:00 am London). Covers October 2026 data.

Consensus
Not yet published
Prior
2.9% (July 2026, latest confirmed reading)
Actual
Pending

Full schedule and background: UK CPI Inflation.
Updated August 25, 2026

← Previous UK CPI Inflation
UK Consumer Price Index (CPI) inflation for October 2026 is released on Wednesday, November 18, 2026, at 7:00am London time (2:00am ET) by the Office for National Statistics (ONS). The report covers price changes for October 2026 and is the headline measure the Bank of England and HM Treasury use to judge whether the cost of living is rising too quickly. Full background, past readings and the release schedule are on the UK CPI report hub page.
What is UK CPI inflation?
The Consumer Prices Index tracks how much prices for a fixed basket of goods and services, such as food, fuel, rent and clothing, have changed compared with a year earlier. The ONS collects tens of thousands of prices each month from shops, websites and service providers, weights them according to how much households actually spend on each category, and combines them into a single percentage figure known as the annual inflation rate.
Alongside the headline CPI figure, the ONS also publishes core CPI, which strips out the most volatile categories (energy, food, alcohol and tobacco) to give a clearer read on underlying price pressure, and CPIH, a broader measure that includes owner occupiers’ housing costs.
Markets watch this release closely because the Bank of England’s Monetary Policy Committee (MPC) sets interest rates partly on the basis of where inflation is heading relative to its 2% target. A higher-than-expected reading tends to reduce the chance of interest rate cuts, while a lower reading can open the door to easier policy. Because the pound trades on interest rate expectations, this data also moves the value of sterling against the dollar and the euro, with knock-on effects for importers, exporters and anyone travelling abroad.
When is the October 2026 CPI report released?
The ONS publishes the October 2026 UK CPI Inflation bulletin on Wednesday, November 18, 2026, at 7:00am London time, which is 2:00am ET for readers in New York and Washington, and roughly mid-afternoon in Sydney and Tokyo the previous day. The figures are released on the ONS website as part of its regular monthly consumer price inflation bulletin, alongside detailed tables breaking the headline number down by category, region and household type.
What is the consensus forecast?
A consensus forecast for the October 2026 CPI print has not yet been published. Economist surveys, such as those run by Reuters and Bloomberg, are typically compiled in the days immediately before the release, so a City consensus is unlikely to appear until closer to November 18, 2026. Readers can check back on this page as that date approaches, or watch for coverage from Reuters and Bloomberg once their polls are published.
The most recently confirmed official reading at the time of writing was for July 2026, when CPI rose by 2.9%, up from 2.6% in June 2026, according to the House of Commons Library’s inflation briefing, which draws on ONS data. The most recent confirmed core CPI figure (excluding energy, food, alcohol and tobacco) was 2.5% in the year to April 2026, down from 3.1% in March 2026, according to the ONS April 2026 bulletin. The September and October 2026 prints, due before this report, will have been published in the interim and readers should check the ONS release calendar for the latest confirmed figures.

Measure
Prior (latest confirmed)
Consensus

Headline CPI, 12-month rate
2.9% (July 2026)
Not yet published

Core CPI, 12-month rate
2.5% (April 2026)
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Traders would likely trim bets on Bank of England rate cuts, and sterling could firm against the dollar and euro, according to analysts who track how markets price rate expectations off inflation surprises
Prices are rising faster than expected, which could keep borrowing costs, including mortgage rates, higher for longer

In line with consensus
A muted reaction is likely, since the print would simply confirm the path the Bank of England is already expecting
No real change to the outlook for interest rates, mortgages or savings rates in the near term

Below consensus
Gilt yields could fall and investors may add to bets on earlier or larger rate cuts, market commentators typically note when inflation undershoots forecasts
Cheaper borrowing could follow over time, though savers may see returns on cash fall as rates ease

These are possibilities discussed by analysts, not predictions of how the data or markets will actually move.
Why does this release matter right now?
UK inflation has been on an uneven path through 2026. It eased sharply from 3.3% in March to 2.8% in April and stayed at that level in May, according to the ONS, before slipping to 2.6% in June and then rising again to 2.9% in July, as reported by the House of Commons Library. The Bank of England has said it expected CPI inflation to run “a little under 3% in 2026 Q3” and “a little over 3¼% in Q4,” according to guidance cited in the same briefing, partly reflecting higher energy costs linked to conflict in the Middle East.
The MPC continues to weigh a slowing labour market and softer wage growth against inflation that remains above its 2% target. Every CPI print between now and the November 18 release will feed directly into how many further rate cuts, if any, the Bank delivers before the end of 2026, and into how the European Central Bank and US Federal Reserve view relative currency strength against the pound.
What It Means for Your Money

Mortgages: If inflation surprises to the upside, lenders may be slower to cut fixed mortgage rates, since these are priced off expectations for Bank of England policy. A downside surprise could see cheaper fixed-rate deals appear over the following weeks.
Savings: Higher-than-expected inflation tends to support higher savings rates for longer, while a soft reading can see banks trim the interest paid on cash savings and ISAs as they anticipate rate cuts.
Jobs and wages: The ONS also reports separately on pay growth, but CPI matters here because real wage growth, the increase in pay after inflation, determines whether household budgets are actually improving or falling behind.
Prices and household budgets: The headline rate is a broad average. Food, energy and housing costs often move by more or less than the overall number, so the category breakdown in the ONS release matters as much as the headline for someone doing a weekly shop.
Investments, pensions and currencies: UK gilts, the FTSE 100 and the pound can all move on this release. A hotter print tends to lift sterling against the dollar and euro but can weigh on bond prices, while pension funds that hold index-linked gilts are directly affected by the inflation figure used to calculate payouts.

Related events

The previous UK CPI release, covering September 2026 data, published in mid-October 2026.
The Bank of England’s next Monetary Policy Committee interest rate decision, which will take this CPI print into account.
UK labour market and average earnings data, published separately by the ONS, which feeds into the same inflation and rates debate.

Frequently Asked Questions
What time is the UK CPI report for October 2026 released?
The Office for National Statistics publishes the report at 7:00am London time on Wednesday, November 18, 2026, which is 2:00am ET.
How should I read the headline CPI number?
The headline figure is the annual percentage change in prices compared with October 2025. A higher number means the general cost of living has risen faster over the past year, while a lower number means price growth has slowed, not that prices have fallen outright.
How does this data affect UK interest rates?
The Bank of England’s Monetary Policy Committee uses CPI, alongside other data, to decide whether to raise, hold or cut its base rate, which in turn affects mortgage, loan and savings rates across the UK.
Where can I find the official release?
The full bulletin and data tables are published on the ONS release calendar and the ONS inflation and price indices section of its website.
When is the next UK CPI report after this one?
The next release will cover November 2026 data and is typically published in mid-December 2026, following the ONS’s usual monthly schedule.
← Previous UK CPI Inflation

US New Residential Construction (Housing Starts) November 2026
2026-11-18 08:30 - 09:30
Next US New Residential Construction (Housing Starts): Wednesday, November 18, 2026 at 8:30 am ET (1:30 pm London). Covers October 2026 data.

Consensus
Not yet published
Actual
Pending

Updated August 25, 2026

← Previous US New Residential Construction (Housing Starts)Next US New Residential Construction (Housing Starts) →
The U.S. Census Bureau and Department of Housing and Urban Development (HUD) will release New Residential Construction data for October 2026 on Wednesday, November 18, 2026, at 8:30 a.m. Eastern Time. This monthly report covers housing starts, building permits, and completions for October, providing an early read on residential construction trends heading into the traditionally slower winter building season. The report date was confirmed via the Census Bureau’s Survey of Construction release schedule. Consensus forecasts are not yet available at the time of writing.
What Is the Housing Starts Report?
The New Residential Construction report is a monthly joint publication from the Census Bureau and HUD. It measures the number of new privately owned housing units where construction began during the reference month, expressed as a seasonally adjusted annual rate (SAAR). The report also includes building permits (a forward indicator for starts) and housing completions. Data is split between single-family homes and multi-family buildings (five or more units).
Housing starts are a leading economic indicator. Construction activity creates direct employment in building trades and generates downstream demand for materials, appliances, and home-related retail spending. The shelter component of the Consumer Price Index (CPI) is closely linked to housing supply over time: higher construction volumes add to supply, which tends to moderate rent growth and owners’ equivalent rent, two major inputs into headline inflation.
The data is released on the 12th business day after the reference month ends and is published at 8:30 a.m. Eastern Time. Initial estimates are subject to revision in subsequent months as the Census Bureau receives additional survey responses and administrative data.
Housing Starts Report: November 18, 2026
The November 18 release covers October 2026 construction activity. October marks the transition into the autumn construction season, when builders in northern states typically accelerate activity before winter weather slows outdoor work. The seasonally adjusted figure removes this pattern, but the absolute level of permit issuance in October is closely watched as a signal of builder intent heading into winter.
Consensus estimates for October 2026 starts are not yet available. The primary variables that will determine the result include mortgage rate conditions through the summer and early autumn (which have been the dominant suppressor of single-family activity in 2026), builder confidence as measured by the NAHB Housing Market Index, and the availability and cost of construction finance. If the Federal Reserve has begun easing by October, the resulting improvement in mortgage rates could provide a meaningful lift to single-family starts relative to the 930,000 SAAR recorded in April 2026.
The November 18 release builds on two preceding October housing data points: the September housing starts report (August data, released September 17) and the October housing starts report (September data, released October 20). The trend across these three releases will be closely watched for evidence of a durable recovery or continued softness in single-family construction.
Why This Report Matters
For the Federal Reserve, housing construction data feeds into both the real activity and inflation components of its mandate. Ongoing suppression of single-family starts reflects the direct transmission of monetary policy through mortgage rates: when the Fed raises rates, mortgage borrowing costs rise, reducing affordability and deterring buyers. Conversely, any improvement in starts in the October data would be an early indication that rate cuts (if any were implemented earlier in 2026) are beginning to flow through to the housing market.
For equity markets, the November 18 release directly affects homebuilder stocks (Lennar, D.R. Horton, PulteGroup, NVR), building materials companies (USG, Vulcan, Martin Marietta), and mortgage lenders. These sectors have been under pressure throughout much of 2026 due to the combination of high rates and affordability constraints. Any sign of improving starts would be a positive catalyst for the homebuilder index.
Building permits, the most closely watched forward indicator within the report, will also be assessed for their implications for construction activity through the winter months and into spring 2027, which is historically the strongest building season.
What to Watch For

Above consensus — Stronger-than-expected starts, particularly in single-family, would signal that the housing market is recovering despite elevated rates or benefiting from initial rate relief. Homebuilder stocks would likely rally, and the reading would be constructive for building materials and related sectors.
In line with consensus — A neutral result would maintain the existing housing narrative. Markets would focus on the building permits figure as a forward indicator and watch for meaningful revisions to the September reading (released the previous month).
Below consensus — A miss would reinforce concerns about housing affordability and the depth of the single-family construction slowdown. If multi-family starts also decline, it could signal broader weakness in residential investment, raising the risk of a housing-led drag on GDP growth in late 2026 and early 2027.

Historical Context

Release Date
Reference Month
Actual (SAAR)
MoM Change

May 21, 2026
April 2026
1.465 million
-2.8%

April 29, 2026
March 2026
1.507 million
+10.8%

March 12, 2026
January 2026
1.487 million
+7.2%

February 2026
December 2025
1.387 million
—

Market Positioning
Housing construction has been characterised throughout 2026 by a significant divergence between segments: multi-family construction has remained supported by strong rental demand and the continuing structural undersupply of housing in major metropolitan areas, while single-family construction has been suppressed by the combination of elevated mortgage rates and stretched affordability metrics. The November 18 release will arrive as markets are assessing whether any Fed easing undertaken in late 2026 is beginning to translate into lower mortgage costs and improving builder confidence. The US Retail Sales November 2026 report, due the same week, will provide complementary data on consumer demand conditions that underpin housing market fundamentals.
Related Events This Week

US CPI Report November 2026 — Released November 10, the CPI reading provides the inflation context for interpreting housing starts, particularly the shelter component.
US Retail Sales November 2026 — Released the same week, retail sales data frames consumer demand conditions that drive both housing need and spending after a home purchase.
FOMC Rate Decision December 2026 — The Fed’s December meeting will incorporate housing construction trends in its assessment of the transmission of monetary policy to the real economy.

Frequently Asked Questions
What does the housing starts report measure?
The New Residential Construction report measures the number of new privately owned residential units where construction began during the reference month. Published jointly by the Census Bureau and HUD, it covers single-family homes and multi-family buildings. The headline figure is expressed as a seasonally adjusted annual rate (SAAR) to allow comparison across months despite seasonal variation in construction activity.
When is the November 2026 housing starts report released?
The October 2026 housing starts data will be published on Wednesday, November 18, 2026, at 8:30 a.m. Eastern Time. This date was confirmed by the Census Bureau’s Survey of Construction release schedule, with the report typically released on the 12th business day after the end of the reference month.
Why does building permits data matter as much as housing starts?
Building permits are a reliable one-to-three month leading indicator for housing starts. Because a permit must be obtained before construction can legally begin, the monthly permits figure provides a window into builder intentions and the near-term construction pipeline. A sustained decline in permits reliably forecasts lower starts in subsequent months. For this reason, analysts often focus as much on the permits figure within the report as on the starts headline itself.

FOMC Minutes November 2026
2026-11-18 14:00 - 15:00
Next FOMC Minutes: Wednesday, November 18, 2026 at 2:00 pm ET (7:00 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
Held at 3.50%-3.75% (July 29, 2026, vote 9-3)
Actual
Pending

Full schedule and background: FOMC Minutes.
Updated September 2, 2026

← Previous FOMC Minutes
The Federal Open Market Committee (FOMC) publishes the minutes of its October 27-28, 2026 meeting on Wednesday, November 18, 2026 at 2:00 pm ET, which is 7:00 pm in London. The minutes are released three weeks after the policy decision and give a detailed account of the discussion behind the vote, including how members weighed inflation, employment and financial stability risks. Full schedule and background: FOMC Minutes.
Note on timing: the Federal Reserve has not published a separate confirmation notice for this specific minutes release beyond the standing pattern. FOMC minutes are, as a rule, released three weeks after the second day of each scheduled meeting, so November 18, 2026 follows that established convention rather than a fresh announcement.
What is the FOMC and what does it decide?
The FOMC is the branch of the Federal Reserve System responsible for setting US monetary policy, principally the federal funds rate, the interest rate at which banks lend reserves to each other overnight. Its decisions ripple through mortgage rates, savings yields, business borrowing costs and the value of the dollar worldwide.
The committee operates under a dual mandate from Congress: maximum employment and stable prices, which the Fed interprets as inflation averaging around 2% over time. It comprises the seven members of the Board of Governors and five of the twelve regional Federal Reserve Bank presidents, who rotate voting rights annually (the New York Fed president votes every year).
The FOMC holds eight regularly scheduled meetings a year, roughly every six to eight weeks, according to the Federal Reserve’s own meeting calendar. Four of these meetings, in March, June, September and December, are accompanied by a Summary of Economic Projections, popularly known as the dot plot.
When is the October FOMC decision reflected in these minutes?
The minutes released on November 18, 2026 cover the two-day meeting held October 27-28, 2026, which is the meeting immediately before this minutes publication. The policy statement and rate decision from that meeting were announced on October 28 at 2:00 pm ET, with a press conference roughly 30 minutes later, in the Fed’s usual format. The October meeting did not carry a Summary of Economic Projections; that material is reserved for the March, June, September and December meetings. The minutes themselves add colour that the same-day statement cannot: the balance of views among members, any dissents, and how officials characterised the outlook for growth, inflation and the labour market.
What to expect
At its most recently confirmed decision before the autumn cycle, the FOMC held its target range at 3.50% to 3.75% at the July 28-29, 2026 meeting, a hold that passed 9-3, according to reporting summarised by FedRateCalc. That range had also been maintained at the March 18, 2026 meeting, as noted by Equals Money. Markets watching the September and October meetings have continued to price expectations through tools such as the CME FedWatch tool and overnight index swaps, though this page does not have a verified, sourced outcome for those two meetings at the time of writing. Readers should check the Federal Reserve’s own statement pages for the confirmed September 16 and October 28, 2026 decisions.

Meeting
Decision
Rate after meeting

March 17-18, 2026
Hold
3.50% – 3.75%

July 28-29, 2026
Hold (vote 9-3)
3.50% – 3.75%

Rows for meetings without an independently verified outcome have been omitted rather than guessed. Check the Fed’s official calendar and statements for the confirmed record of every meeting.
Market impact scenarios

Scenario
Likely market read
What it means in plain English

Minutes show a hawkish tilt
Traders may push back the timing of any future rate cut, according to typical patterns seen on CME FedWatch after hawkish minutes
Borrowing costs stay higher for longer, which can support the dollar but weigh on stock prices

Minutes show a dovish tilt
Futures markets often price in a higher probability of an earlier or larger rate cut
Cheaper borrowing becomes more likely sooner, which can lift shares but weaken the dollar

Minutes reveal a split committee
Analysts typically flag rising uncertainty about the next move, increasing volatility around subsequent data releases
No clear signal for savers or borrowers yet, so rates on mortgages and deposits may stay range-bound until the next meeting

What will the minutes signal?
Analysts read FOMC minutes for three things: forward guidance on the likely path of rates, evidence of internal disagreement (dissents), and any discussion of the Fed’s balance sheet, including the pace of asset holdings runoff or reinvestment. A minutes text that repeats a “data dependent” framing without new detail is usually read as a signal of no near-term change. A minutes text that shows several members pushing for a different path than the one taken at the meeting can move bond yields even though the policy decision itself is already three weeks old news.
Watch, too, for any language on financial stability, since minutes sometimes flag risks in specific markets such as commercial property or leveraged lending that do not appear in the shorter post-meeting statement.
What It Means for Your Money
The federal funds rate sets the base for a wide range of borrowing costs. If the minutes suggest the Fed is closer to cutting, US mortgage rates and other loan and credit card rates can start to drift lower even before an actual cut, because lenders price in expectations. If the minutes suggest the Fed will hold rates higher for longer, variable-rate loans and new fixed-rate mortgages tend to stay expensive, and savings accounts and money market funds keep paying attractive yields for a little longer.
For UK and eurozone readers, US rate expectations still matter. A more hawkish Fed tends to support the dollar against the pound and the euro, which makes imports priced in dollars, including oil, more expensive in London and Frankfurt. It can also pull global bond yields higher, indirectly nudging UK and eurozone mortgage and loan pricing even though the Bank of England and the European Central Bank set their own rates separately. For pensions and other investments, shifts in Fed rate expectations move US Treasury yields, which in turn affect global bond and equity valuations, including funds widely held in UK workplace pensions and European retirement schemes.
Related events

Previous FOMC minutes: October 2026 FOMC Minutes
The Fed’s official October 27-28, 2026 meeting statement and press conference, published on the Federal Reserve’s calendar page
US inflation (CPI) and employment (nonfarm payrolls) releases published in the weeks before the October and December FOMC meetings, which shape the discussion recorded in these minutes

Frequently Asked Questions
What time are the November 2026 FOMC minutes released?
The minutes are released at 2:00 pm ET on November 18, 2026, which is 7:00 pm in London.
Which meeting do these minutes cover?
They cover the two-day FOMC meeting held October 27-28, 2026, giving a fuller account of that meeting’s discussion than the same-day policy statement.
What is the current federal funds rate?
The target range was 3.50% to 3.75% after the July 28-29, 2026 meeting, according to Federal Reserve reporting; readers should check the Fed’s own statement for any change made at the September or October 2026 meetings.
When is the next FOMC meeting?
The FOMC’s final scheduled meeting of 2026 is on December 8-9, 2026, with the decision due on December 9 and accompanied by a fresh Summary of Economic Projections.
Where can I read the minutes in full?
The full text is published on the Federal Reserve’s own monetary policy calendar page alongside the original statement and implementation note.
← Previous FOMC Minutes

NVDA Earnings November 2026
2026-11-18 16:05 - 17:05
Next NVDA Quarterly Earnings: Wednesday, November 18, 2026 at 4:05 pm ET (9:05 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
Revenue $96.22bn, EPS $2.22 (Q2 FY2027, reported August 27, 2026)
Actual
Pending

Updated September 2, 2026

← Previous NVDA Quarterly Earnings
Nvidia is scheduled to report its fiscal third-quarter 2027 earnings on November 18, 2026, after the market close, with results and the earnings call expected around 4:05 pm ET (9:05 pm London). As Nvidia has not yet confirmed the exact date, this follows the company’s usual pattern of reporting roughly three months after its previous quarterly release, in the third or fourth week of the month. Nvidia is the world’s largest maker of graphics processing units (GPUs) and the dominant supplier of chips used to train and run artificial intelligence models, so its results are watched closely across global markets, not just by US tech investors. Full schedule and background: NVDA quarterly earnings dates.
What is Nvidia’s quarterly earnings report?
Nvidia’s quarterly earnings report is the company’s official disclosure of its financial performance for the preceding three-month period, filed with the US Securities and Exchange Commission and released alongside a shareholder letter and investor presentation. Management, led by chief executive Jensen Huang and chief financial officer Colette Kress, hosts a live conference call afterwards to discuss results and answer analyst questions. The report breaks revenue down by segment, chiefly Data Center (AI chips sold to cloud providers and enterprises), Gaming, Professional Visualization and Automotive. Because Nvidia’s chips underpin much of the current build-out of AI infrastructure, its numbers are treated as a barometer for AI spending worldwide, influencing sentiment in the UK, Europe and Asia as well as the US.
Nvidia’s fiscal year runs from late January to late January the following calendar year, so this report covers the third quarter of fiscal year 2027, spanning roughly August to October 2026. The company’s shares are among the most heavily traded in the world, and options activity around its earnings dates is often unusually high, reflecting how much uncertainty investors attach to a single quarterly release. Because so many index funds, pension schemes and retirement accounts hold Nvidia shares indirectly through broad market trackers, the report has a wider reach than a typical single-company earnings event.
When is the November 2026 report and how to follow it
The report is expected on Wednesday, November 18, 2026, with the press release typically issued shortly after 4:00 pm ET, followed by the earnings call around 4:05 pm ET (9:05 pm in London, and the early hours of Thursday in parts of Asia). Nvidia publishes results and a live audio webcast on its investor relations website, and the call is also carried by major financial news services and brokerages. Because Nvidia has not formally confirmed this date at the time of writing, readers should check the investor relations site nearer the time for any change.
What to expect
Nvidia does not publish a formal analyst consensus for this quarter in advance of the report, and no third-party consensus figure for fiscal third-quarter 2027 revenue or earnings per share (EPS) has yet been published by data providers such as Visible Alpha or Bloomberg. However, Nvidia’s own management guidance from the August 2026 earnings call pointed to revenue of around $108.0 billion for the quarter, according to reporting on the company’s Q2 FY2027 results. Analysts will focus on whether Data Center revenue, which has driven the bulk of recent growth, continues to expand at a similar pace, on any commentary about supply constraints for next-generation chips, and on guidance for the following quarter. Gross margin trends and comments on export restrictions to China are also likely to draw attention.

Quarter
Revenue
EPS
vs estimate

Q2 FY2027 (reported August 27, 2026)
$96.22 billion
$2.22
Beat ($92.07bn revenue, $2.09 EPS expected)

Earlier quarters are not yet independently verifiable from primary sources at the time of writing, so only the most recently confirmed quarter is shown above; readers can find the full history on Nvidia’s investor relations site.
What the outcome could mean

Scenario
Likely market read
Plain-English meaning

Beat on revenue and EPS, strong guidance
Shares could rise, AI-linked stocks and chip suppliers may follow
Demand for AI chips is holding up or accelerating, supporting the broader AI investment story

In line with guidance, cautious outlook
Muted or mixed share reaction
Growth is continuing roughly as expected, with no fresh catalyst either way

Miss or weak guidance, supply or demand concerns flagged
Shares could fall sharply, weighing on wider tech indices
Signs that AI infrastructure spending may be slowing or facing bottlenecks

What It Means for Your Money
Nvidia is one of the largest companies in the world by market value, so its share price swings can move index funds and pensions that track the S&P 500 or global technology indices, even for people who have never bought a tech stock directly. A strong report can lift related semiconductor and cloud-computing shares in the US, Europe and Asia, while a disappointing one can drag down the same group and dent broader stock market sentiment for a few days. The dollar can also see modest moves against the pound and euro around major US tech earnings if they shift expectations for US growth or interest rates. For everyday consumers, the report has little direct effect on mortgages or savings rates, but it can influence how much AI-related capital spending flows into cloud services, data centres and, over time, the cost and availability of AI-powered products.
Related events

NVDA Q2 FY2027 earnings, August 2026
US Federal Reserve interest rate decisions, which influence sentiment towards growth and technology stocks
Other major AI-linked earnings reports from cloud and chip companies in the same reporting season

Frequently Asked Questions
What time does Nvidia report earnings in November 2026?
Nvidia is expected to report after market close on November 18, 2026, with the call beginning around 4:05 pm ET (9:05 pm London), though the date has not been formally confirmed by the company.
Is there a confirmed consensus forecast for this quarter?
No, a consensus forecast has not yet been published for Nvidia’s fiscal third-quarter 2027 results; Nvidia’s own guidance from August 2026 pointed to revenue of around $108.0 billion.
What was Nvidia’s previous quarterly result?
In its fiscal second-quarter 2027 report on August 27, 2026, Nvidia posted revenue of $96.22 billion and EPS of $2.22, both ahead of the roughly $92.07 billion and $2.09 that had been expected.
Where can I watch the earnings call?
Nvidia streams its earnings call live on its investor relations website, and it is also typically covered live by major financial news outlets.
Why do Nvidia’s earnings matter outside the US?
Nvidia’s chips are central to AI infrastructure spending by companies and governments worldwide, so its results affect sentiment towards technology and AI-linked stocks in the UK, Europe and Asia, not only in the US.
← Previous NVDA Quarterly Earnings

Australia Labour Force November 2026
2026-11-18 19:30 - 20:30
Next Australia Labour Force: Thursday, November 19, 2026 at 11:30 am AEDT (7:30 pm ET, 12:30 am London).

Consensus
Not yet published
Prior
Unemployment rate 4.5% (April 2026, seasonally adjusted)
Actual
Pending

Full schedule and background: Australia Labour Force.
Updated August 25, 2026

← Previous Australia Labour Force
The Australia Labour Force report for November 2026 is due on Thursday, November 19, 2026 at 11:30 am AEDT, which is 7:30 pm ET on Wednesday, November 18 in the United States and 12:30 am London time on the same Thursday. It is published by the Australian Bureau of Statistics (ABS) and covers labour market conditions gathered during the reference period leading into the release. Full background and the release schedule for this series are on our Australia Labour Force hub page.
What is the Australia Labour Force report?
The Labour Force survey is Australia’s main monthly measure of employment, unemployment and participation. Each month the ABS surveys a large, rotating sample of households across the country and asks whether people worked, looked for work, or were out of the labour force entirely in the survey reference week. From those answers it builds the headline figures markets watch: the unemployment rate, the number of people employed (full-time and part-time), the participation rate (the share of the population aged 15 and over who are working or actively looking for work), and hours worked.
These numbers matter because the Reserve Bank of Australia (RBA) treats the labour market as one of the two main inputs, alongside inflation, into its interest rate decisions. A tight labour market with a falling unemployment rate can add to wage and price pressure, while a loosening labour market gives the RBA more room to hold or cut its cash rate. Because Australia is a major exporter of iron ore, coal and other commodities and a large trading partner for China, Japan and other parts of Asia, swings in its jobs data are watched well beyond its own borders, and they also move the Australian dollar, which in turn affects import prices for goods bought from the UK, Europe and the US.
The ABS reports both the original series and the seasonally adjusted series, which strips out predictable calendar effects such as school holidays. Most headlines and market reactions focus on the seasonally adjusted unemployment rate and the change in employment, usually expressed as a net gain or loss of jobs against the previous month.
When is the November Labour Force report released?
The ABS has this release scheduled for Thursday, November 19, 2026, at 11:30 am Australian Eastern Daylight Time. That translates to 7:30 pm ET in New York on the Wednesday evening before, and 12:30 am in London early on the Thursday. The report is published free on the ABS website under the “Labour Force, Australia” series, alongside detailed tables covering states, industries and demographic breakdowns. The ABS also lists this release, and all other upcoming statistical releases, on its release calendar.
What is the consensus forecast?
At the time of writing, a consensus forecast for the November 2026 Labour Force report has not yet been published. Economist surveys from Reuters and Bloomberg for this release typically appear only in the days immediately before publication, so figures will firm up closer to November 19, 2026.
The most recently verified official reading from the ABS, from its April 2026 release, showed the seasonally adjusted unemployment rate rising to 4.5%, with the number of unemployed people increasing by 33,000 to 692,500, according to the Australian Bureau of Statistics. The ABS also noted that the unemployment rate held at 4.6% for men and rose 0.4 percentage points to 4.4% for women in that release. Several further monthly reports will have been published between then and the November 2026 print; readers should check the ABS website directly for the most current figures once they land, since precise month-by-month numbers for the second half of 2026 were not independently verifiable at the time this preview was written.

Measure
Prior (most recently verified)
Consensus

Unemployment rate
4.5% (April 2026, seasonally adjusted)
Not yet published

Participation rate
Data not independently verified for this preview
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus (unemployment rate higher, or job losses)
Traders may price in a higher chance of an RBA rate cut, and the Australian dollar could weaken against the US dollar and pound
A softer jobs market often means fewer new roles, slower wage growth, and could nudge the RBA toward cheaper borrowing costs over time

In line with consensus
Limited immediate market reaction, since the outcome largely confirms what was already expected
The picture stays broadly as expected: no fresh reason for the RBA to change its current stance

Below consensus (unemployment rate lower, or strong job gains)
Markets could reduce bets on RBA rate cuts, and the Australian dollar may strengthen
A tighter labour market can support wage growth and consumer spending, but may also keep the RBA cautious about cutting rates too soon

These are possibilities discussed by analysts and traders, not predictions of the actual result.
Why does this release matter right now?
The RBA has repeatedly said it watches the labour market closely alongside inflation when setting the cash rate, and commentary from the bank’s board minutes and statements consistently frames a “gradual loosening” or tightening of labour conditions as a key signal for future policy moves, according to the Reserve Bank of Australia. Through the first half of 2026, the unemployment rate had drifted higher from earlier lows, with the ABS recording a rise to 4.5% in April 2026 after an increase in the number of unemployed people. Whether that gradual upward drift continued, stabilised, or reversed through the second half of the year is central to how the RBA reads the strength of the domestic economy heading into its final policy decisions of 2026 and its outlook for 2027.
Beyond the RBA, the report also matters to trading partners. China remains Australia’s largest export market, so a weaker Australian labour market can sometimes be an early signal of softening demand for commodities linked to Chinese industrial activity. A stronger or weaker than expected Australian dollar following the release also changes the price of goods and services traded with the UK, Europe and Asia, and can move commodity-linked currencies such as the New Zealand dollar and, to a lesser extent, sentiment around other resource exporters.
What It Means for Your Money
Mortgages and borrowing: in Australia, a weaker jobs report that raises the odds of an RBA rate cut can eventually flow through to lower variable mortgage rates, while a stronger report can keep borrowing costs higher for longer. Homeowners with variable-rate loans are the most directly affected.
Savings: Australian savings account and term deposit rates broadly track the RBA cash rate, so the same logic applies in reverse: weaker jobs data that points toward rate cuts tends to mean lower returns on cash savings over time.
Jobs and wages: the report itself is a direct read on how easy it is to find work in Australia and whether wage pressure is building. A falling unemployment rate with rising participation is generally read as a healthy sign for workers’ bargaining power.
The Australian dollar and overseas shoppers: a weaker labour market that weighs on the Australian dollar makes Australian exports and assets cheaper for foreign buyers, including UK, US and Asian investors, but it also makes imports and overseas holidays more expensive for Australians.
Investments and pensions: Australian equities, particularly banks and retailers exposed to domestic consumer spending, tend to be sensitive to labour market health, which matters for anyone holding Australian shares or superannuation funds with Australian equity exposure, including many UK and international pension funds with global allocations.
Related events

Previous release: Australia Labour Force, October 2026
Full release schedule and background: Australia Labour Force hub page
Reserve Bank of Australia cash rate decisions, which respond to trends in this data

Frequently Asked Questions
What time does the November 2026 Australia Labour Force report come out?
The ABS publishes the report at 11:30 am AEDT on Thursday, November 19, 2026, which is 7:30 pm ET on the Wednesday evening before in the US, and 12:30 am London time on the Thursday.
How should I read the unemployment rate figure?
Focus on the seasonally adjusted rate rather than the original series, since it removes predictable calendar effects, and compare it against both the prior month and the consensus forecast published shortly before release.
How does this report affect interest rates?
The Reserve Bank of Australia weighs labour market strength alongside inflation when setting its cash rate, so a materially weaker or stronger jobs report than expected can shift market expectations for future RBA decisions.
Where can I find the official release?
The full statistical release, including detailed tables, is published on the Australian Bureau of Statistics website under the “Labour Force, Australia” series.
When is the next Labour Force report after this one?
The ABS publishes Labour Force data monthly, so the following report typically arrives around four weeks later; check the ABS release calendar for the confirmed date.
← Previous Australia Labour Force

US Initial Jobless Claims: November 19, 2026
2026-11-19 08:30 - 09:30
Next US Initial Jobless Claims: Thursday, November 19, 2026 at 8:30 am ET (1:30 pm London).

Consensus
Not yet published
Prior
Not yet confirmed for the November 14, 2026 week
Actual
Pending

Full schedule and background: US Initial Jobless Claims.
Updated September 2, 2026

← Previous US Initial Jobless Claims
The US Department of Labor releases its weekly initial jobless claims report on Thursday, November 19, 2026, at 8:30 am ET (1:30 pm London). The report covers the week ending November 14, 2026, and measures how many people filed for unemployment insurance for the first time in that week. It is one of the most timely readings of the US labour market and is watched closely by the Federal Reserve, bond traders and anyone tracking hiring conditions.
What is the consensus forecast?
As of publication, a consensus forecast for the November 14, 2026 week has not yet been published. Economists surveyed by outlets such as Reuters and Bloomberg typically release their forecasts in the day or two before the report, once other labour-market signals for the week are in.
Weekly claims have generally hovered in a range around 200,000 to 210,000 through much of 2026, according to Investing.com’s economic calendar, which reported a reading of 203,000 against a forecast of 208,000 in one recent week, following a previous figure of 207,000. Continuing claims, which count people who remain on unemployment benefits for more than a week, have been running somewhat higher and are watched as a signal of how long it takes laid-off workers to find new jobs.

Measure
Prior
Consensus

Initial claims
Not yet confirmed for this week
Not yet published

Continuing claims
Not yet confirmed for this week
Not yet published

What the result could mean

Scenario
Likely market read
Plain-English meaning

Above consensus
Bond yields could fall, dollar may soften, stocks may rise on rate-cut hopes
More people than expected filed for unemployment, suggesting the labour market is cooling faster

In line with consensus
Limited market reaction, focus shifts to other data
The labour market is behaving broadly as economists expected

Below consensus
Yields could rise, dollar may strengthen, some pressure on rate-cut expectations
Fewer people than expected filed for unemployment, pointing to a still-resilient jobs market

Why it matters this week
Weekly claims data feeds directly into how the Federal Reserve reads the health of the US labour market between the monthly non-farm payrolls reports. A run of readings staying near recent levels, broadly in the 200,000 to 210,000 range according to Investing.com, has generally been read as consistent with a labour market that is cooling gradually rather than cracking.
Because this is one weekly data point among many the Fed considers alongside inflation and growth figures, a single reading rarely shifts policy on its own. Traders instead watch for a sustained trend, several weeks in a row moving in the same direction, before adjusting expectations for the Fed’s next move.
What It Means for Your Money
If claims come in higher than expected, it can be read as a sign that jobs are becoming harder to hold onto, which sometimes leads investors to expect interest rate cuts sooner. That can push mortgage and savings rates down over time, though the effect from a single week’s data is usually small.
A weaker labour market reading can also affect stock markets and pensions invested in them, sometimes positively in the short term if it raises hopes of lower borrowing costs, though it can also unsettle markets if it signals a broader slowdown. For anyone with savings in dollars, a run of weak claims data can weigh on the dollar’s value against the pound and the euro.
None of this is likely to change household finances immediately from one release. It is the trend across several weeks, alongside other reports such as non-farm payrolls, that tends to matter most for mortgages, savings rates and job security.
Frequently Asked Questions
What time is the jobless claims report released?
The report is released at 8:30 am ET, which is 1:30 pm in London, on Thursday, November 19, 2026.
What counts as a big surprise in jobless claims?
A move of more than around 20,000 to 30,000 above or below the consensus forecast is generally seen as a notable surprise that can move bond yields and the dollar.
When is the next jobless claims report?
The next weekly report follows on the subsequent Thursday. See the full weekly jobless claims schedule for upcoming dates.
Where does the data come from?
The figures are published by the US Department of Labor’s Employment and Training Administration, based on state unemployment insurance filings.
← Previous US Initial Jobless Claims

WMT Earnings November 2026
2026-11-19 16:05 - 17:05
Next WMT Quarterly Earnings: Thursday, November 19, 2026 at 4:05 pm ET (9:05 pm London).
Date to be confirmed by the publisher; this is the scheduled date.

Consensus
Not yet published
Prior
Q2 FY27: revenue $187.94bn, comp sales +2.6% (August 20, 2026)
Actual
Pending

Updated September 2, 2026

← Previous WMT Quarterly Earnings
Walmart Inc. (NYSE: WMT) is expected to report its third-quarter fiscal 2027 results on Thursday, November 19, 2026, with the earnings release and management commentary due around 4:05 pm ET (9:05 pm London). Walmart has not yet confirmed this exact date; the company typically reports third-quarter results in the third week of November, and this page will be updated once Walmart’s investor relations calendar confirms the slot. As the largest retailer in the world by revenue, Walmart’s results are watched closely as a barometer of consumer spending in the United States and, increasingly, of global e-commerce and advertising growth. Full background and the earnings schedule for this series can be found on the US CPI report dates hub, alongside other market-moving releases this quarter.
What is the WMT Q3 FY2027 earnings release?
This is Walmart’s quarterly results announcement covering the three months to roughly October 31, 2026, known as the fiscal third quarter of Walmart’s 2027 financial year. Walmart’s fiscal year runs from February to January, so its “Q3” covers August, September and October trading, including the run-up to the US holiday shopping season. The release includes total revenue, net income, earnings per share (EPS, the portion of profit allocated to each share), comparable sales for Walmart US and Sam’s Club, and e-commerce growth. Management also updates guidance for the following quarter and, at this stage of the year, for the full fiscal year. The call is hosted by Walmart’s chief executive and chief financial officer, with analysts from major banks and research firms asking questions afterwards.
When is the WMT earnings call and how to follow it
Walmart typically issues its earnings release before US markets open and holds an investor call later the same morning, though some recent quarters have shifted timing. Assuming the pattern from its Q2 fiscal 2027 release on August 20, 2026, materials should be published on Walmart’s corporate investor relations site early on the morning of the report, with a conference call and webcast to follow. Because the November date has not yet been formally confirmed by Walmart, readers should check the company’s official investor relations page closer to the date for the exact time. Live coverage typically appears on major financial news sites and business channels, and the audio webcast is usually archived on Walmart’s site afterwards for anyone who cannot follow it live.
What to expect
Walmart does not routinely publish a formal earnings-per-share estimate itself, but management gave forward guidance alongside its second-quarter results on August 20, 2026. At that point the company said it expected adjusted EPS of $0.62 to $0.64 for the third quarter of fiscal 2027, with net sales growing 3.0% to 3.75% in constant currency and adjusted operating income growing 2.0% to 4.0%, according to Walmart’s official Q2 FY27 earnings release. Independent analyst consensus for the November report has not yet been published; a wider Wall Street consensus typically firms up in the weeks before the release as analysts update their models following the prior quarter’s results.
Investors will focus on several areas: whether US comparable sales momentum from the second quarter, when Walmart US comp sales grew 2.6%, has carried into the holiday run-up; the pace of e-commerce growth, which grew 23% globally in the second quarter; and the health of Walmart’s advertising and membership businesses, including Walmart Connect, which grew strongly in the prior quarter. Analysts will also watch commentary on tariff-related costs and price adjustments, an issue Walmart’s chief financial officer discussed directly after the August results, and any change to full-year guidance given the approach of the holiday quarter.
A verified table of the last four quarters’ revenue and EPS against estimates is not included here because not all of the underlying figures for upcoming periods are yet confirmed on Walmart’s investor relations site. Readers wanting the full historical run of results can find them directly on Walmart’s corporate investor relations pages.
What the outcome could mean

Scenario
Likely market read
Plain-English meaning

Beat on revenue and EPS, guidance raised
Shares likely to rise; seen as a sign of resilient consumer spending into the holidays
Walmart sold more and made more profit than expected, and expects the trend to continue

In line with guidance
Muted reaction; focus shifts to holiday-quarter guidance
Results matched what management had already signalled, so there is little new information

Miss or guidance cut
Shares likely to fall; could weigh on other retailers and consumer discretionary stocks
Walmart sold less or earned less than expected, which may signal households are pulling back on spending

What It Means for Your Money
Walmart is one of the largest single holdings in many US and global index funds, so its results feed directly into pension pots and workplace investment schemes that track the S&P 500 or broad US equity indices, even for savers who have never bought a Walmart share directly. A strong report can lift confidence in US consumer spending broadly, which tends to support other retail and consumer goods shares; a weak one can do the opposite and drag down the wider sector. For shoppers, Walmart’s commentary on pricing and costs, including how it plans to use tariff refunds to hold down prices, can offer an early signal of whether US grocery and household goods prices are likely to rise or fall into the new year. The dollar can also move modestly on unexpectedly strong or weak US consumer data of this kind, which has knock-on effects for the pound, the euro and import costs for UK and European businesses that price goods in dollars. None of this is likely to move mortgage or savings rates directly, but it forms part of the broader picture the Federal Reserve and other central banks use when judging the strength of the US economy.
Related events

Walmart’s second-quarter fiscal 2027 results, reported August 20, 2026
US retail sales data for October and November 2026, published by the US Census Bureau
Other major US retailer earnings reporting around the same week, including Target and Home Depot

Frequently Asked Questions
When exactly will Walmart report Q3 fiscal 2027 earnings?
Walmart has not yet confirmed the date; November 19, 2026 is the expected date based on the company’s usual mid-to-late November reporting pattern, and it will be updated once confirmed.
What was Walmart’s guidance for this quarter?
In its August 20, 2026 release, Walmart guided to adjusted EPS of $0.62 to $0.64 and net sales growth of 3.0% to 3.75% for the third quarter of fiscal 2027, according to the company’s official earnings release.
Is there a published consensus forecast yet?
A consensus forecast has not yet been published for this specific report; analyst estimates typically firm up closer to the release date.
Where can I watch the earnings call live?
Walmart usually streams its earnings call and webcast through its corporate investor relations website, with the audio archived afterwards for later listening.
Why does Walmart’s report matter outside the United States?
As the world’s largest retailer, Walmart’s sales and pricing commentary are widely used as an indicator of US consumer health, which feeds into global market sentiment, currency moves and the outlook for retailers in the UK, Europe and Asia.
← Previous WMT Quarterly Earnings

Japan CPI November 2026
2026-11-19 18:30 - 19:30
Next Japan CPI: Friday, November 20, 2026 at 8:30 am JST (6:30 pm ET, 11:30 pm London). Covers October 2026 data.

Consensus
Not yet published
Prior
Core CPI 1.8% YoY, headline 1.9% YoY (July 2026)
Actual
Pending

Full schedule and background: Japan CPI.
Updated September 2, 2026

← Previous Japan CPI
Japan’s national Consumer Price Index (CPI) for October 2026 is released on Friday, November 20, 2026, at 8:30 am Japan Standard Time, which is 6:30 pm ET on November 19, 2026 and 11:30 pm in London on the same evening. The data comes from the Statistics Bureau of Japan, part of the Ministry of Internal Affairs and Communications, and covers price changes for October 2026. Full schedule and background on this series: Japan CPI.
What is the Japan CPI?
The Consumer Price Index tracks the average change in prices paid by households for a fixed basket of goods and services, including food, housing, transport, healthcare and recreation. It is the main gauge of inflation in Japan and the figure the Bank of Japan (BoJ) watches most closely when setting interest rates.
Japan’s statisticians publish three versions each month: the headline figure (all items), the figure excluding fresh food (often called “core” in Japan, and closely tracked by the BoJ), and the figure excluding both fresh food and energy (sometimes called “core-core”). Because fresh food and energy prices swing sharply from month to month, the ex-fresh-food figure is usually treated as the cleanest read on underlying price pressure.
Markets watch this release because Japan spent decades fighting deflation, and the BoJ’s decision to raise interest rates away from near-zero levels in recent years has been justified by inflation staying near or above its 2% target. A CPI print that surprises in either direction can move the yen, Japanese government bond yields and the Nikkei within minutes of release.
When is the October Japan CPI released?
The Statistics Bureau of Japan publishes the release at 8:30 am JST on November 20, 2026 (6:30 pm ET / 11:30 pm London on November 19). The data is published on the Statistics Bureau of Japan’s CPI page. This report covers October 2026 price data. The previous month’s release, covering September 2026, is tracked at Japan CPI October 2026.
What is the consensus forecast?
A consensus forecast for the October 2026 reading has not yet been published by major polling services at the time of writing. Economists’ estimates typically firm up in the days immediately before release, once the Tokyo CPI figure for the following month (a leading indicator for the national number) has been published.
The most recent confirmed official readings, from the Statistics Bureau of Japan via Trading Economics, show headline inflation running at 1.9% year-on-year and the ex-fresh-food (“core”) figure at 1.8% year-on-year for July 2026, both matching or nearing market expectations at the time.

Measure
Prior (most recent confirmed print)
Consensus

Headline CPI (YoY)
1.9% (July 2026)
Not yet published

Core CPI, ex-fresh food (YoY)
1.8% (July 2026)
Not yet published

Note: figures for August and September 2026 were not independently verifiable from official sources at the time this page was prepared. Readers should treat the July 2026 figures as the last confirmed data point pending the official September release ahead of this report.
What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Yen could strengthen, Japanese government bond yields may rise on expectations of further BoJ tightening
Inflation is running hotter than expected, adding pressure on the BoJ to consider raising rates again

In line with consensus
Limited market reaction, existing BoJ policy path stays intact
Prices are behaving broadly as expected, so investors are unlikely to shift bets on the next rate move

Below consensus
Yen could weaken, bond yields may ease on reduced tightening expectations
Inflation is cooling faster than forecast, which could make the BoJ more cautious about further rate rises

These are possible market reactions, not predictions. Actual moves depend on the size of any surprise, the wider global backdrop and what other central banks are doing at the same time.
Why does this release matter right now?
The BoJ has spent the past two years gradually raising its policy rate from near-zero, and in its July 2026 Outlook for Economic Activity and Prices, the Bank said underlying inflation is expected to rise gradually toward a level “generally consistent with the price stability target” between the second half of fiscal 2026 and fiscal 2027. An October CPI reading that runs hotter than this path would strengthen the case for another rate rise; a reading that undershoots would support a more patient BoJ.
Inflation had been running above the BoJ’s 2% target for much of the past two years, driven partly by food prices and the phasing out of government energy subsidies that had previously held down utility bills. Whether October’s data shows that trend persisting, or easing as base effects fade, will shape expectations for the BoJ’s next policy meeting.
What It Means for Your Money

Mortgages and loans: if the data supports further BoJ rate rises, Japanese mortgage and business borrowing costs could edge higher, a shift from decades of ultra-cheap credit in Japan.
Savings: higher Japanese rates would mean better returns on yen deposits and savings accounts after years of near-zero interest.
Jobs and wages: persistent inflation above target keeps pressure on Japanese employers to raise wages, which the BoJ has flagged as a key condition for durable inflation.
Currencies: a stronger yen, which tends to follow a hot CPI print and rate-rise expectations, makes Japanese exports pricier abroad but imports and overseas holidays cheaper for Japanese households. It also affects anyone holding yen-denominated assets or hedging exposure to the currency.
Investments and pensions: global investors in Japanese equities and bonds watch this release closely, since BoJ policy shifts affect Japanese government bond yields, which in turn influence global fixed income markets and pension fund returns.

Related events

Previous release: Japan CPI October 2026 (September 2026 data)
Tokyo CPI, usually published around three weeks before the national figure and treated as a leading indicator for it
The next Bank of Japan policy decision, which weighs this CPI print alongside wage and growth data

Frequently Asked Questions
What time is the Japan CPI released?
The Statistics Bureau of Japan releases the report at 8:30 am JST on November 20, 2026, which is 6:30 pm ET and 11:30 pm London time on November 19, 2026.
How should I read the headline versus core figures?
The headline figure includes all items, while the core figure (ex-fresh food) is the BoJ’s preferred gauge because it strips out volatile fresh food prices; the core-core figure removes energy as well for an even steadier read.
How does this data affect Bank of Japan interest rate decisions?
The BoJ uses CPI trends, alongside wage growth, to judge whether inflation is sustainably near its 2% target, which is a key input into its interest rate decisions.
Where can I find the official release?
The data is published directly by the Statistics Bureau of Japan.
When is the next Japan CPI release?
The following month’s report, covering November 2026 data, is typically published in mid to late December 2026 by the Statistics Bureau of Japan.
← Previous Japan CPI

PBoC Loan Prime Rate November 2026
2026-11-19 20:00 - 21:00
Next PBoC Loan Prime Rate: Friday, November 20, 2026 at 9:00 am CST (8:00 pm ET, 1:00 am London).

Consensus
Not yet published
Prior
Held at 3.0% (1-year) / 3.5% (5-year), unchanged since at least April 2026
Actual
Pending

Full schedule and background: PBoC Loan Prime Rate.
Updated September 2, 2026

← Previous PBoC Loan Prime Rate
The People’s Bank of China (PBoC) announces its Loan Prime Rate (LPR) decision for November 2026 on Friday, November 20, 2026, at 9:00 am China Standard Time, which is 8:00 pm ET on Thursday, November 19, and 1:00 am London time on Friday. The LPR is China’s benchmark lending rate, published monthly and used as the reference point for new bank loans and mortgages across the country. Full schedule and background: PBoC Loan Prime Rate.
What is the PBoC and what does it decide?
The People’s Bank of China is the country’s central bank. Unlike the US Federal Reserve or the Bank of England, it does not set a single headline interest rate through a vote by a rate-setting committee. Instead, the PBoC calculates and publishes the Loan Prime Rate each month based on submissions from a panel of 18 designated commercial banks, which quote the rate they charge their best corporate customers.
There are two LPR figures: the one-year rate, which anchors most new corporate and consumer loans, and the five-year-plus rate, which is the reference point for mortgage pricing. The PBoC’s Monetary Policy Committee, an advisory body rather than a voting board, meets quarterly to review broader policy settings, but the LPR itself is fixed on the 20th of each month (or the next business day if that falls on a weekend or holiday), based on the previous day’s bank submissions.
Changes in the LPR flow through to the real economy quickly. A lower one-year LPR reduces borrowing costs for small businesses and consumer loans, while a lower five-year LPR cuts the cost of new mortgages, a lever Beijing has used repeatedly to support its property sector.
When is the November PBoC decision announced?
The November 2026 fixing is released on Friday, November 20, 2026, at 9:00 am local time in Beijing (8:00 pm ET the previous evening, 1:00 am London time). There is no accompanying press conference or written statement in the way the Federal Reserve or European Central Bank publish one. The PBoC simply posts the one-year and five-year LPR figures on its official website, alongside the results of the loan prime rate quoting mechanism.
Any broader signal on policy direction typically comes separately, through the PBoC’s quarterly Monetary Policy Report or statements around reserve requirement ratio changes, rather than through commentary tied to the LPR release itself.
What to expect
As of the most recent verified reading, the PBoC held the one-year LPR at 3.0% and the five-year LPR at 3.5% in April 2026, marking an 11th consecutive month without a change, according to CNBC. That freeze reflected resilient first-quarter growth and policymakers’ preference to hold back stimulus while assessing external risks, including the impact of higher global oil prices at the time.
A formal, widely published consensus forecast in the style of a Reuters poll is not routinely produced for the monthly LPR fixing in the way it is for Federal Reserve or Bank of England meetings. Economists watching Chinese policy generally frame their expectations around whether the PBoC will use other tools first, such as the reserve requirement ratio or open market operations, before adjusting the LPR itself.

Meeting
Decision
Rate after meeting (1-year / 5-year)

April 2026
Held
3.0% / 3.5%

Only the April 2026 fixing above has been independently verified against a primary source at the time of writing. Readers should check the PBoC’s own release for the confirmed history of monthly fixings between April and November 2026.
Market impact scenarios

Scenario
Likely market read
What it means in plain English

Hold
Read as a signal that Beijing sees current growth and inflation conditions as manageable without fresh stimulus
Borrowing costs for mortgages and business loans in China stay the same

Cut
Typically read as a sign of concern about slowing growth, weak property demand or soft consumer spending
Cheaper loans and mortgages in China, but a signal the economy may need support

Guidance shift via other tools
Analysts watch reserve requirement ratio changes or liquidity operations as an alternative to moving the LPR directly
Banks may have more cash to lend even if the headline LPR does not move

What will the statement and press conference signal?
There is no press conference tied to the LPR fixing, so markets instead look for context clues: comments from PBoC officials in state media, the pace of medium-term lending facility operations, and any adjustment to bank reserve requirements in the days around the announcement. Analysts also watch whether commercial banks’ net interest margins are under pressure, since squeezed bank profitability can make lenders reluctant to lower their LPR quotes even if the PBoC wants looser policy.
Dissent in the formal sense does not apply here, since the LPR is a weighted average of submissions from the 18 quoting banks rather than a committee vote. The main risk analysts flag is a mismatch between the LPR and the property market: if mortgage demand stays weak despite low rates, further mortgage-specific support measures could follow outside the LPR mechanism itself.
What It Means for Your Money
For people with loans or mortgages in China, a lower five-year LPR directly reduces the reference rate used to price new and, in many cases, existing floating-rate mortgages, lowering monthly repayments. A hold keeps repayments unchanged. For savers in China, deposit rates tend to move in the same direction as the LPR over time, so a prolonged freeze also means little change to returns on bank deposits.
Outside China, the LPR decision matters mainly through its effect on global growth expectations and the exchange rate. A weaker Chinese economy, signalled by repeated LPR cuts, can dampen demand for commodities and goods exported by the UK, eurozone and other Asian economies, while affecting the value of the yuan against the dollar and pound. Investors holding shares in companies with significant China exposure, including luxury goods, mining and semiconductor firms, and those holding funds or pensions with emerging market allocations, may see indirect effects on portfolio values. Currency traders also watch the fixing for signals about the yuan’s managed exchange rate band.
Related events

Previous decision: PBoC Loan Prime Rate, October 2026
Full PBoC LPR schedule and background: PBoC Loan Prime Rate hub
China’s monthly inflation and trade data releases, published in the weeks before the LPR fixing, are typically the key inputs the PBoC weighs when setting the rate

Frequently Asked Questions
What time is the November 2026 PBoC LPR announced?
The fixing is published at 9:00 am China Standard Time on Friday, November 20, 2026, which is 8:00 pm ET the previous evening and 1:00 am London time.
What is the current Loan Prime Rate?
As of the most recently verified reading, the one-year LPR stood at 3.0% and the five-year LPR at 3.5%, unchanged since April 2026, according to CNBC’s report on the April fixing.
Will the PBoC cut rates in November 2026?
There is no widely published consensus forecast for this specific fixing. Whether the PBoC holds or cuts depends on incoming growth, inflation and property market data, and any decision should be treated as a possibility rather than a prediction.
When is the next PBoC LPR decision?
The PBoC fixes the LPR monthly, typically on the 20th of each month or the next business day. Check the PBoC Loan Prime Rate hub for the next confirmed date.
Where can I see the official LPR figures?
The PBoC publishes the fixing on its own website, at pbc.gov.cn.
← Previous PBoC Loan Prime Rate

UK Retail Sales November 2026
2026-11-20 02:00 - 03:00
Next UK Retail Sales: Friday, November 20, 2026 at 7:00 am GMT (2:00 am ET, 7:00 am London). Covers October 2026 data.

Consensus
Not yet published
Prior
September 2026 reading not yet independently confirmed
Actual
Pending

Full schedule and background: UK Retail Sales.
Updated September 2, 2026

← Previous UK Retail Sales
UK Retail Sales for October 2026 is released on Friday, November 20, 2026 at 7:00am London time (2:00am ET) by the Office for National Statistics (ONS). The release covers retail sales volumes and values for October 2026, the ONS’s monthly gauge of how much people in Great Britain are spending in shops, supermarkets and online. Full schedule and background: UK Retail Sales.
What is UK Retail Sales?
UK Retail Sales measures the total value and volume of goods sold by retailers in Great Britain, covering food stores, department stores, clothing, household goods, fuel and online retail. The ONS collects sales data from a sample of around 5,000 businesses, including many of the largest retailers, and grosses this up to represent the whole retail sector.
The headline figures come in two forms: value (how much money was spent, unadjusted for prices) and volume (the quantity of goods bought, which strips out the effect of price changes). Volume is the figure markets and the Bank of England watch most closely, because it shows whether households are actually buying more or less, rather than simply paying more for the same basket of goods.
Retail sales matter because consumer spending is one of the largest components of the UK economy. A run of weak retail figures can signal that households are cutting back, which feeds into growth forecasts, wage-setting decisions and the Bank of England’s view on where to set interest rates. A stronger-than-expected reading can raise concerns about inflation if demand is outpacing supply, while a weak reading can support the case for interest rate cuts.
When is the October 2026 Retail Sales report released?
The ONS is scheduled to publish the October 2026 Retail Sales bulletin on November 20, 2026 at 7:00am London time, which is 2:00am ET in New York. The data is published on the ONS website as part of its release calendar, alongside detailed datasets covering value and volume sales by sector, seasonally and non-seasonally adjusted.
What is the consensus forecast?
At the time of writing, a consensus forecast for the October 2026 UK Retail Sales report has not yet been published by major polling services such as Reuters or Bloomberg. These forecasts are typically released in the days immediately before the data, so check back closer to November 20, 2026 for an updated figure.
The prior reading, for September 2026, was published by the ONS in its Retail Sales, Great Britain bulletin. The exact percentage change for that month could not be independently confirmed from publicly available sources at the time this preview was written, so no specific figure is quoted here to avoid misrepresenting the ONS’s own numbers. Readers should treat the September 2026 print, once confirmed, as the baseline against which the October reading is judged.

Measure
Prior (September 2026)
Consensus (October 2026)

Retail sales volume, month-on-month
Awaiting confirmation from ONS release
Not yet published

Retail sales volume, excluding fuel
Awaiting confirmation from ONS release
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Sterling could firm slightly and gilt yields may edge higher if traders see stronger consumer demand as a reason for the Bank of England to hold rates for longer, according to analysts who track UK retail data
Households appear to be spending more than expected, which is generally a sign of confidence in jobs and incomes

In line with consensus
A limited market reaction, since the data confirms the existing view of the economy priced in by traders
Spending is behaving broadly as expected, so nothing changes for most people

Below consensus
Sterling could soften and expectations for a Bank of England rate cut may firm, according to economists who watch consumer spending as a growth indicator
Households appear to be pulling back on spending, which can be an early sign of a slowing economy

Why does this release matter right now?
Retail sales sit alongside inflation and labour market data as one of the key inputs the Bank of England’s Monetary Policy Committee uses to judge the strength of the UK economy. Retailers themselves have reported a mixed trading environment through 2026, with Retail Week’s tracking of ONS figures noting that sales rebounded early in the year after a difficult 2025, though growth has remained uneven month to month.
The Bank of England weighs retail spending against wage growth, mortgage costs and inflation when it sets interest rates, so a clear change in the retail trend, in either direction, can shift expectations for the next rate decision. A run of soft retail figures alongside cooling inflation would support the case for further rate cuts, while resilient spending could see the Bank hold rates for longer to guard against inflation picking back up.
What It Means for Your Money

Mortgages and borrowing: Weak retail sales can add to the case for lower interest rates, which would eventually feed through to cheaper mortgage deals and other borrowing costs for UK households.
Savings: If the data pushes expectations towards rate cuts, savings account and fixed-term bond rates could start to edge down in the following weeks.
Jobs and wages: Retail is one of the UK’s largest employers, so a sustained slowdown in sales can eventually show up in hiring and pay decisions at retailers and their suppliers.
Prices: Retail sales volumes strip out price changes, so a weak reading alongside high prices suggests households are having to cut back on how much they buy, even if they are spending the same amount of money.
Investments, pensions and the pound: Sterling and UK-focused shares, particularly retailers and consumer goods companies, can move on the day of release. Pension funds with UK equity exposure may see modest swings, and the pound’s reaction can affect the cost of importing goods, from European wine to Asian electronics.

Related events

Previous release: UK Retail Sales, October 2026 release (September 2026 data)
UK Consumer Prices Index (CPI), published shortly before retail sales each month, sets the inflation backdrop against which spending figures are read
Bank of England Monetary Policy Committee decisions, which weigh retail spending alongside inflation and jobs data when setting interest rates

Frequently Asked Questions
What time is UK Retail Sales released on November 20, 2026?
The ONS publishes the report at 7:00am London time, which is 2:00am ET in New York.
How should I read the headline retail sales figure?
Focus on the volume figure rather than the value figure, since volume strips out price changes and shows whether people are actually buying more or fewer goods.
How does retail sales data affect UK interest rates?
The Bank of England uses retail spending as one gauge of economic strength; consistently weak sales can support arguments for interest rate cuts, while resilient sales can support holding rates steady.
Where can I find the official ONS release?
The bulletin and underlying datasets are published on the ONS website through its release calendar, under Business, Industry and Trade.
When is the next UK Retail Sales release after this one?
The ONS publishes Retail Sales, Great Britain monthly, typically around three to four weeks after the end of the reference month, so the following release covering November 2026 data is expected in December 2026.
← Previous UK Retail Sales

US University of Michigan Consumer Sentiment November 2026
2026-11-20 10:00 - 11:00
Next US University of Michigan Consumer Sentiment: Friday, November 20, 2026 at 10:00 am ET (3:00 pm London).

Consensus
Not yet published
Actual
Pending

Updated August 25, 2026

← Previous US University of Michigan Consumer SentimentNext US University of Michigan Consumer Sentiment →
The University of Michigan will release the final reading of its Consumer Sentiment Index for November 2026 on Friday, November 20, 2026, at 10:00 a.m. Eastern Time. This release is the last major consumer confidence reading before the Thanksgiving holiday period in the United States, and will inform market expectations about consumer spending in the critical Black Friday and holiday shopping season. Consensus forecasts are not yet available at the time of writing. A preliminary November reading will be published on Friday, November 6, 2026.
What Is the University of Michigan Consumer Sentiment Index?
The University of Michigan’s Surveys of Consumers is a monthly telephone survey of approximately 500 US consumers measuring perceptions of personal financial conditions, broader economic expectations, and buying intentions across major categories including homes, vehicles, and durable goods. Published since 1952, it is one of the world’s most authoritative consumer confidence measures and carries particular significance for Federal Reserve policymakers via its inflation expectations components.
Two readings are released each month: a preliminary estimate (second Friday) and a final reading (fourth Friday). For November 2026, these will be November 6 (preliminary) and November 20 (final). The sub-indices for current economic conditions and consumer expectations, as well as one-year and five-year inflation expectations, are closely monitored alongside the composite headline figure.
The index has a long-run average of approximately 84.5 since 1952. The May 2026 reading of 44.8 set an all-time record low, driven by energy price anxiety, persistent goods inflation, and geopolitical uncertainty. The survey’s trajectory through the second half of 2026 will be a key barometer of whether any macroeconomic improvement is registering in household confidence.
Consumer Sentiment: November 20, 2026
The November 20 final reading arrives at a pivotal time: it represents the last sentiment measurement before the Thanksgiving-to-Christmas holiday shopping period, which typically accounts for a significant share of annual consumer spending for retailers. A reading that is higher than recent lows would be interpreted as a positive signal for holiday spending intentions, supporting consumer discretionary equities. A continued depressed reading would raise concerns about a disappointing holiday season.
By November 20, markets will have received several months of additional macro data not available at the time of writing, including CPI, PPI, retail sales, and employment reports. The trajectory of energy prices through the autumn and the outcome of Federal Reserve meetings in September and October will have substantially shaped consumer expectations by this point. If the FOMC December 2026 rate decision is already signalled as a cut, consumer borrowing cost expectations may have improved, potentially supporting a sentiment recovery.
The November 20 reading is also notable for its context relative to the Thanksgiving holiday: the survey fieldwork for the final reading is conducted through the third week of November, capturing consumer sentiment ahead of the holiday and any associated spending decisions. Retail sector participants track the UMich November reading carefully as an early signal for the shopping season.
Why This Release Matters
Consumer sentiment is a leading indicator of household spending, which accounts for approximately 70% of US GDP. In the context of 2026’s record-low readings, any meaningful recovery in the November UMich index would be a positive signal for Q4 2026 GDP estimates and for consumer-facing equities broadly. Retailers, consumer staples companies, travel operators, and automotive manufacturers are the sectors most directly influenced by the monthly sentiment readings.
For the Federal Reserve, the November 20 reading arrives just three weeks before the December meeting. If sentiment shows a meaningful recovery alongside moderating inflation data, it would validate the case for an easing cycle and support risk assets broadly. If sentiment remains severely depressed even as inflation moderates, it would signal that households are not yet sensing the improvement in purchasing power that disinflation theoretically delivers.
The inflation expectations components of the November survey will also be closely watched. If one-year inflation expectations have declined from the elevated levels of early 2026, it would confirm that consumers believe the worst of the price shock is past, a critical input for the Fed’s assessment of whether longer-run expectations remain anchored.
What to Watch For

Above consensus — An improving headline index would be constructive for holiday retail expectations and consumer discretionary equities. A reading above 55 would represent a meaningful recovery from the 44.8 May low and could signal that conditions are normalising. Declining inflation expectations alongside a higher headline would be particularly positive for the bond market and Fed positioning.
In line with consensus — A neutral result would provide no new directional information. Focus would shift to the current conditions versus expectations gap: if expectations are improving faster than current conditions, it signals forward-looking optimism that may precede a broader recovery.
Below consensus — Further deterioration from already record lows would be a significant negative signal for the holiday shopping season and for consumer-facing equities more broadly. If accompanied by rising inflation expectations, it presents the Fed with the stagflationary dilemma of falling demand alongside persistent price pressures.

Historical Context

Release Date
Reference Month
Index Reading
Change

May 30, 2026
May 2026
44.8 (record low)
-5.0

April 25, 2026
April 2026
49.8
—

January 30, 2026
January 2026
57.3
+0.9

Source: University of Michigan Surveys of Consumers. Long-run average: 84.5. All-time high: 111.4 (January 2000).
Market Positioning
By November 2026, the University of Michigan Consumer Sentiment Index will have been tracking at historically depressed levels for the better part of a year. The key question for the November 20 final reading is whether conditions have improved enough to generate a visible improvement in the headline figure. Market participants will be assessing several developments that have unfolded since the record May 2026 low: the direction of energy prices, the pace of disinflation in core goods and services, the health of the labour market, and the cumulative effect of any Federal Reserve policy adjustments. The October UMich reading, released October 23, will be the most recent comparable data point when markets approach the November 20 release.
Related Events This Week

US CPI Report November 2026 — Released November 10, the latest CPI data will frame how consumers are experiencing price pressures ahead of the November 20 sentiment survey completion.
US Retail Sales November 2026 — Released the same week, retail sales will show whether current sentiment is translating into actual consumer behaviour, testing the relationship between the confidence index and spending.
FOMC Rate Decision December 2026 — The December Fed meeting is three weeks away from this release, making November consumer sentiment a late input to the December rate decision debate.

Frequently Asked Questions
What does the University of Michigan Consumer Sentiment Index measure?
The index measures household assessments of their personal financial situation, current buying conditions, and economic expectations for the next year and five years. It is derived from monthly telephone surveys of approximately 500 US consumers and has been published continuously since 1952, making it one of the most established consumer confidence gauges in the world.
When is the November 2026 final reading released?
The final reading of the University of Michigan Consumer Sentiment Index for November 2026 is scheduled for Friday, November 20, 2026, at 10:00 a.m. Eastern Time. A preliminary reading will be published on Friday, November 6, 2026.
Why does the November UMich reading matter for holiday retail?
The November sentiment reading arrives just before the Black Friday and Cyber Monday shopping events that traditionally launch the holiday retail season in the United States. Consumer confidence is a strong predictor of holiday spending intentions: households that feel confident about their finances are more likely to increase gift and discretionary spending, while those who feel pessimistic tend to pull back. Retailers and consumer sector analysts use the November UMich reading as one of several data points in calibrating holiday sales forecasts.

Is the Stock Market Open on Labor Thanksgiving Day 2026? TSE/JPX Hours
2026-11-23 00:00 - 23:59
Tokyo Stock Exchange (JPX) are closed on Monday, November 23, 2026 for Labor Thanksgiving Day.

Next holiday
New Year's Eve (Market Holiday), December 31, 2026
Regular hours
9:00 am to 11:30 am and 12:30 pm to 3:30 pm JST

Full schedule and background: TSE/JPX Holidays.
Updated September 2, 2026

← Previous TSE/JPX Holidays
The Tokyo Stock Exchange (JPX) is closed on Monday, November 23, 2026 for Labor Thanksgiving Day, a national holiday in Japan. No cash equity trading takes place on the JPX main board that day, and orders entered through Japanese brokers will queue for the next trading session. Full schedule and background: TSE/JPX Holidays.
Because Labor Thanksgiving Day falls on a Monday in 2026, it creates a long weekend for Japanese markets, with the previous trading day being Friday, November 20, 2026 and the next trading day being Tuesday, November 24, 2026.
Which markets are closed on Labor Thanksgiving Day 2026?

Market
Status
Notes

Tokyo Stock Exchange (cash equities)
Closed
National holiday, no regular session

Osaka Exchange / JPX derivatives (regular session)
Closed
Regular futures and options trading suspended

JPX holiday trading (index futures/options)
Closed for this date
According to Japan Exchange Group, markets will not open for holiday trading on November 23, 2026 due to group-wide business continuity planning (BCP) testing from November 21 to 23

New York Stock Exchange / Nasdaq
Open (regular hours)
A normal Monday session in the US, no US holiday that day

London Stock Exchange (LSE)
Open (regular hours)
No UK public holiday falls on this date

Euronext
Open (regular hours)
No eurozone holiday scheduled for this date

US Treasury / bond markets
Open (regular hours)
No SIFMA recommended closure that day

Investors trading Japanese shares, ETFs or JPX-listed derivatives from London, New York or elsewhere should expect no price updates from Tokyo during their working day on November 23.
Is the market open the day before and after?
Yes, on both sides of the holiday. Friday, November 20, 2026 is a full regular trading day on the JPX, with normal hours of 9:00 am to 11:30 am and 12:30 pm to 3:30 pm JST. The exchange is closed all day Monday, November 23, and resumes normal hours on Tuesday, November 24, 2026. There is no early close attached to this holiday: JPX simply does not open at all.
Why do markets close for Labor Thanksgiving Day?
Labor Thanksgiving Day is a Japanese national holiday held every November 23, established after the Second World War to celebrate labour and production and to give thanks to one another for the fruits of that work. As a designated national holiday, it falls under Japan’s Bank Holiday Law, which closes government offices, banks and the stock exchange for the day.
Because in 2026 the holiday coincides with a JPX group-wide business continuity planning test, according to the Japan Exchange Group even the special holiday trading session that sometimes runs on index futures and options during Japanese holidays will not operate on November 23. This is affects a small segment of derivatives traders who might otherwise expect a partial session.
What It Means for Your Money
If you hold Japanese shares, J-REITs or Nikkei-linked ETFs through an international broker, any order placed on November 23 will simply queue and execute at the next available price on Tuesday, November 24, 2026, so the price you eventually get may differ from what you expected on the holiday itself. Settlement of any Friday trades follows Japan’s standard T+2 cycle, so a trade done on Friday, November 20 settles on Tuesday, November 24 once the holiday is skipped. Dividend record dates and options expiries that would normally fall on November 23 are typically shifted to the next trading day by the exchange. Bank transfers within Japan may also be delayed a day, since banks observe the same national holiday. Currency markets, including the yen, continue trading as usual because foreign exchange is not centred on a single exchange, and cryptocurrency markets keep trading 24/7 regardless of the JPX closure. Pension funds and other investors with Japan exposure will simply see no fresh Tokyo pricing data for one extra day, which can matter for anyone rebalancing a portfolio around month-end.
Remaining TSE/JPX Holidays in 2026

New Year’s Eve (Market Holiday), December 31, 2026

Frequently Asked Questions
Is the stock market open on Labor Thanksgiving Day 2026?
No. The Tokyo Stock Exchange is closed on Monday, November 23, 2026 for Labor Thanksgiving Day, and JPX-affiliated derivatives markets are also shut that day.
Is the bond market open on November 23, 2026?
Japanese government bond trading follows the same exchange holiday, but bond markets in the US, UK and eurozone operate normally that day since it is not a holiday in those regions.
What time does the Tokyo Stock Exchange close the day before the holiday?
On Friday, November 20, 2026, the JPX keeps its normal hours, closing at 3:30 pm JST with no early close.
When is the next TSE/JPX market holiday after this one?
The next scheduled closure is New Year’s Eve (Market Holiday) on December 31, 2026.
Are Japanese banks open on Labor Thanksgiving Day?
No. Japanese banks observe the same national holiday schedule as the stock exchange, so branches and some transfer services are closed on November 23, 2026.
← Previous TSE/JPX Holidays

Is the Stock Market Open on Prakash Gurpurb Sri Guru Nanak Dev 2026? NSE India Hours
2026-11-24 00:00 - 23:59
NSE India are closed on Tuesday, November 24, 2026 for Prakash Gurpurb Sri Guru Nanak Dev.

Next holiday
Christmas, December 25, 2026
Regular hours
9:15 am to 3:30 pm IST

Full schedule and background: NSE India Holidays.
Updated September 2, 2026

← Previous NSE India Holidays
The National Stock Exchange of India (NSE) is closed on Tuesday, November 24, 2026 for Prakash Gurpurb Sri Guru Nanak Dev, one of the most significant festivals in the Sikh calendar. The Bombay Stock Exchange (BSE) also observes the same trading holiday, so no equity, derivatives or currency trading takes place on India’s main exchanges that day. Orders placed on the holiday will simply queue and be processed when trading resumes on the next business day. For a full year-ahead view of closures, see the NSE India Holidays calendar.
Because November 24, 2026 falls on a Tuesday, this is a standalone one-day closure rather than part of a long weekend, assuming Monday November 23 and Wednesday November 25 are otherwise normal trading days. Investors with pending settlement, dividend payments or options expiring around this date should build the closure into their timing.
Which markets are closed on Prakash Gurpurb Sri Guru Nanak Dev 2026?

Market
Status
Notes

NSE equities
Closed
No cash market trading

NSE derivatives (F&O)
Closed
No futures or options trading

BSE equities
Closed
Follows same holiday calendar as NSE

NSE currency and commodity derivatives
Closed
Trading suspended for the session

New York Stock Exchange (NYSE) and Nasdaq
Open (regular hours)
Not a US holiday

London Stock Exchange (LSE)
Open (regular hours)
Not a UK holiday

Euronext
Open (regular hours)
Not observed in continental Europe

Tokyo Stock Exchange (TSE)
Open (regular hours)
Not a Japanese holiday

Is the market open the day before and after?
Trading in India runs normally on the sessions immediately before and after the holiday, at the regular NSE hours of 9:15 am to 3:30 pm IST, with no early close scheduled around this closure. The last trading session before the holiday is Monday, November 23, 2026, and the next trading day is Wednesday, November 25, 2026, when the exchange reopens at its usual 9:15 am IST start. There is no shortened session either side of the holiday: NSE and BSE either trade full hours or are fully closed, unlike some Western markets that use early closes around festive periods.
Why do markets close for Prakash Gurpurb Sri Guru Nanak Dev?
Prakash Gurpurb Sri Guru Nanak Dev marks the birth anniversary of Guru Nanak, the founder of Sikhism and the first of the ten Sikh Gurus. It is one of the most widely celebrated events in the Sikh religious calendar, observed with prayers, processions and community meals (langar) across India, particularly in Punjab and other regions with large Sikh populations.
India’s stock exchanges close for a mix of national public holidays and major religious festivals reflecting the country’s diverse population, including Hindu, Muslim, Sikh, Christian and other observances. The NSE and BSE publish their full annual trading holiday list in advance each year through official exchange notices, which is why this closure has been scheduled well ahead of time.
What It Means for Your Money
If you hold Indian equities, mutual funds or exchange-traded funds linked to Indian markets, any buy or sell orders you place on November 24, 2026 will not execute until the next trading session on November 25. This matters for settlement: Indian equities generally settle on a T+1 basis, meaning a trade executed on November 25 would typically settle on November 26, one business day later than it would if the holiday did not intervene.
Dividend record dates, options expiries and futures contract rollovers scheduled for November 24 may be shifted to the nearest trading day, so check with your broker or the relevant company notice if you hold positions expiring around this date. Domestic Indian bank transfers and payroll processing may also be affected, since many banks in India follow the same regional holiday calendar, though this varies by state.
Global investors should note that markets outside India, including the NYSE, LSE and Euronext, trade normally, so global equity indices and currency pairs involving the US dollar, euro or pound will still move on November 24 even though Indian markets are shut. Cryptocurrency markets are unaffected by any exchange holiday and continue trading 24 hours a day, seven days a week, including on this date.
Remaining NSE India holidays in 2026

Christmas, December 25, 2026 (Closed)

After Prakash Gurpurb Sri Guru Nanak Dev, the next scheduled closure on the NSE calendar is Christmas, December 25, 2026. Full details of every remaining 2026 closure are listed on the NSE India Holidays hub page, alongside the exchange’s prior closure for Diwali Balipratipada.
Frequently Asked Questions
Is the stock market open on Prakash Gurpurb Sri Guru Nanak Dev in India?
No. The NSE and BSE are both closed on November 24, 2026 for this Sikh religious festival, and no equity, derivatives or currency trading takes place.
Is the bond market open in India on this holiday?
No, government securities and corporate bond trading through NSE and BSE platforms are also suspended for the day, following the same exchange holiday calendar as equities.
What time does the NSE close the day before the holiday?
There is no early close scheduled. The session on Monday, November 23, 2026 runs the full regular hours of 9:15 am to 3:30 pm IST.
When is the next NSE India market holiday after this one?
The next scheduled closure is Christmas on December 25, 2026, according to the official NSE holiday calendar.
Are Indian banks open on Prakash Gurpurb Sri Guru Nanak Dev?
Bank holidays in India vary by state and are set by the Reserve Bank of India and individual state governments, so some regional banks may close while others remain open. Check locally if you need to complete a transaction that day.
← Previous NSE India Holidays

Germany Ifo Business Climate November 2026
2026-11-24 04:30 - 05:30
Next Germany Ifo Business Climate: Tuesday, November 24, 2026 at 10:30 am CET (4:30 am ET, 9:30 am London).

Consensus
Not yet published
Prior
88.8 (August 2026, most recently confirmed official figure)
Actual
Pending

Full schedule and background: Germany Ifo Business Climate.
Updated September 2, 2026

← Previous Germany Ifo Business Climate
The Germany Ifo Business Climate Index for November 2026 is due on Tuesday, November 24, 2026 at 4:30 am ET (9:30 am London, 10:30 am CET), published by the ifo Institute in Munich. The release covers business sentiment gathered from around 9,000 companies across Germany’s manufacturing, construction, wholesale, retail and service sectors during November. Full schedule and background: Germany Ifo Business Climate.
What is the Ifo Business Climate Index?
The Ifo Business Climate Index is a monthly survey-based gauge of how German firms view their current trading conditions and their expectations for the next six months. It is widely regarded as one of the most closely watched early indicators of the health of Europe’s largest economy, because it tends to move ahead of official GDP and industrial production figures.
Each month, the ifo Institute asks thousands of businesses two simple questions: how would you rate your current business situation, and how do you expect it to develop over the coming six months? The answers are converted into balances and combined into a headline climate index, alongside two sub-indices: the Current Situation Index and the Expectations Index. A rising index signals improving confidence, a falling one signals deteriorating sentiment.
Markets, the Bundesbank and the European Central Bank all track the Ifo release because German business sentiment often foreshadows shifts in eurozone growth, trade flows and hiring intentions. A sharp move in either sub-index, particularly Expectations, can shift short-term expectations for eurozone growth and, at the margin, the euro exchange rate.
When is the November Ifo Business Climate released?
The November reading is scheduled for release on Tuesday, November 24, 2026 at 10:30 am CET (4:30 am ET, 9:30 am London time). It is published directly by the ifo Institute on its website, alongside a short commentary from ifo’s president and detailed sector breakdowns for manufacturing, services, trade and construction.
What is the consensus forecast?
As of the time of writing, a consensus forecast specifically for the November 2026 reading has not yet been published; economist surveys for Ifo are typically compiled and reported by data providers such as Reuters and FXStreet in the days immediately before release. Readers should check FXStreet’s economic calendar closer to the date for an updated median estimate.
The most recently confirmed official reading available from the ifo Institute at the time of writing showed the Business Climate Index at 88.8 points in August 2026, up from 86.7 points in July 2026, according to the ifo Institute. The October 2026 print, released on October 26, 2026, will be the immediate prior figure for the November release; readers should confirm the exact October value directly at ifo.de as the most up-to-date official prior.

Measure
Prior (August 2026)
Consensus (November 2026)

Business Climate Index
88.8
Not yet published

Current Situation Index
Not separately confirmed at time of writing
Not yet published

Expectations Index
Not separately confirmed at time of writing
Not yet published

What the result could mean

Scenario
Likely market read
What it means in plain English

Above consensus
Read as a sign of improving German business confidence; could support the euro modestly, according to analysts who track eurozone sentiment surveys such as those cited by Investing.com
Firms are feeling more positive about current trading and the outlook, which can eventually translate into more hiring and investment

In line with consensus
Limited immediate market reaction expected, as the print largely confirms existing expectations
The economy is behaving broadly as anticipated, with no major surprise for growth expectations

Below consensus
Could be read as a warning sign for eurozone growth and weigh on the euro, according to commentary from providers such as Investing.com
Businesses are more cautious, which can signal slower hiring, investment and spending ahead

These are possible market reactions described by analysts and data providers, not predictions of what will happen.
Why does this release matter right now?
Germany’s economy has been navigating a mix of pressures through 2026, including energy costs, trade uncertainty and a gradual recovery supported by fiscal stimulus. Ifo President Clemens Fuest noted in earlier 2026 commentary reported by Trading Economics that stronger domestic demand and government spending were supporting sentiment, while trade uncertainty continued to weigh on exporters. The Ifo survey has shown a broadly improving trend across 2026, with the headline index climbing from the mid-80s earlier in the year toward the high-80s by mid-year.
The European Central Bank watches business sentiment surveys like Ifo alongside inflation and labour data when setting policy, because deteriorating confidence can foreshadow weaker investment and hiring. A further improvement in November would reinforce the narrative of a gradually stabilising German economy; a setback would revive concerns about the strength of the recovery heading into 2027.
What It Means for Your Money

Mortgages and rates: German and eurozone sentiment data feed into the European Central Bank’s broader assessment of growth, which can influence the pace of future rate changes affecting mortgage costs across the eurozone.
Savings: If confidence data strengthens the case for the ECB holding rates rather than cutting them, savers in euro-denominated accounts may see rates hold up for longer than otherwise expected.
Jobs and wages: Business confidence often leads hiring decisions. A weak Ifo reading can be an early sign that companies plan to slow recruitment or investment in Germany, Europe’s largest labour market.
Investments and pensions: German and European equities, along with funds with eurozone exposure held in pensions, can react to shifts in business sentiment, particularly in export-heavy manufacturing sectors.
Currencies: The euro can move on surprises in the Ifo release, which in turn affects the cost of European holidays, imports and any foreign currency exposure for UK and US investors and travellers.

Related events

Previous release: Germany Ifo Business Climate, October 2026
Full schedule and history: Germany Ifo Business Climate hub
Related eurozone releases and central bank decisions can be found on the financecalendar.com economic calendar

Frequently Asked Questions
What time is the November Ifo Business Climate Index released?
It is released at 10:30 am CET (4:30 am ET, 9:30 am London time) on Tuesday, November 24, 2026, by the ifo Institute.
How should I read a change in the Ifo index?
A rising index signals improving business confidence in Germany, while a falling index signals weaker sentiment; the Expectations sub-index in particular is watched as a forward-looking signal for the next six months.
Does the Ifo Business Climate Index affect interest rates?
It is not a direct policy trigger, but the European Central Bank considers business confidence data such as Ifo alongside inflation and labour market figures when assessing the eurozone growth outlook.
Where can I find the official Ifo release?
The official data and commentary are published on the ifo Institute’s website.
When is the next Ifo Business Climate release after November?
The ifo Institute’s published schedule lists the following release for December 17, 2026, per the ifo Institute’s calendar.
← Previous Germany Ifo Business Climate
