Economic calendar

07:00 AUD MI Inflation Gauge (m/m)MI Inflation Gauge m/m Previous 0.3%

What it is: A monthly estimate of how prices of goods and services are changing in Australia, produced by the Melbourne Institute at the University of Melbourne.
Why it matters: It comes out before the official CPI, so traders use it as an early hint of inflation trends, which relate to RBA interest rate decisions. It is usually a low-to-medium impact release.
Usual market reaction: Markets usually compare the actual figure with the forecast. A higher-than-forecast reading tends to support the Australian dollar, as traders may see the RBA keeping rates higher for longer, while a lower reading often weighs on it. The reaction is usually milder than for the official CPI.

07:30 AUD Building Approvals (m/m)Building Approvals m/m Forecast 1.8%Previous -6.1%

What it is: Data on the number of permits approved for new buildings in Australia, published by the Australian Bureau of Statistics (ABS) as a change from the previous month.
Why it matters: Approvals are a forward-looking sign of construction activity and the housing market, which is sensitive to interest rates. It is usually a low-to-medium impact release, and the figure often jumps around from month to month.
Usual market reaction: Markets usually compare the actual figure with the forecast. A higher-than-forecast result tends to support the Australian dollar as it suggests solid housing demand and a stronger economy, while a lower one often weighs on it. The reaction is usually modest.

07:30 JPY Japan Manufacturing PMI (Final)Final Manufacturing PMI Forecast 53.3Previous 53.3

What it is: An index based on surveys of purchasing managers at Japanese factories about orders, output and hiring, compiled by S&P Global. The final reading is a revision of the earlier flash estimate.
Why it matters: A reading above 50 usually signals that manufacturing is expanding, and below 50 that it is shrinking. It is an early signal of economic health, but the final figure often matters less when it is close to the flash estimate.
Usual market reaction: Markets usually compare the actual figure with the forecast, which is often close to the flash number. A higher-than-forecast result tends to give the yen slight support as it points to a stronger economy, while a lower one often weighs on it. The reaction is usually smaller than for Bank of Japan announcements.

12:30 AUD Australia Commodity Prices y/yCommodity Prices y/y Previous 15.5%

What it is: A commodity price index published by the Reserve Bank of Australia (RBA). It shows the year-on-year change in prices of Australia's main exports, such as iron ore, coal and LNG.
Why it matters: Australia relies heavily on commodity export income, so price changes matter for its economy. This release usually has a fairly small market impact.
Usual market reaction: Prices tend to react to the actual figure compared with the forecast. A higher-than-forecast rise in commodity prices usually supports the Australian dollar (AUD), as export earnings often improve, while a lower result tends to weigh on it. The reaction is often muted because traders can already see these prices moving in the market.

14:00 EUR German Retail Sales m/m Forecast 0.4%Previous 1.3%

What it is: The month-on-month change in retail sales in Germany, published by the Federal Statistical Office (Destatis).
Why it matters: Consumer spending is a major part of the economy, and Germany is the largest economy in the eurozone. The impact is usually low to moderate, and the data is often volatile and revised later.
Usual market reaction: Prices tend to react to the actual figure compared with the forecast. Higher-than-forecast retail sales usually support the euro (EUR) because they point to solid consumer spending, while lower-than-forecast sales tend to weigh on it. Traders often read it alongside inflation data and ECB comments.

15:15 EUR Spanish Manufacturing PMI Forecast 50.4Previous 51.0

What it is: A monthly survey of purchasing managers at Spanish factories, published by S&P Global. A reading above 50 suggests the manufacturing sector is expanding, while below 50 suggests it is contracting.
Why it matters: It comes out soon after the month ends, giving an early look at eurozone economic health, with Spain being one of the bloc's larger economies. Its market impact is usually moderate and smaller than the overall eurozone PMI.
Usual market reaction: Prices react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the euro (EUR), while a lower one tends to weigh on it. Moves are often modest unless the surprise is large or matches the picture in other eurozone PMIs.

15:45 EUR Italian Manufacturing PMI Forecast 49.9Previous 50.4

What it is: A monthly survey of purchasing managers at Italian factories, published by S&P Global. A reading above 50 suggests expansion, while below 50 suggests contraction.
Why it matters: Italy is one of the eurozone's largest economies with a significant industrial sector, so the figure gives an early read on eurozone manufacturing. Its market impact is usually moderate.
Usual market reaction: Prices react to the actual figure compared with the forecast. A higher-than-forecast result usually supports the euro (EUR), while a lower one tends to weigh on it. Traders often pay more attention to the overall eurozone PMI, so single-country figures tend to cause only small moves.

15:50 EUR French Final Manufacturing PMI Forecast 49.3Previous 49.3

What it is: The final reading of France's manufacturing PMI, published by S&P Global. It updates the earlier flash estimate once more survey responses have been collected. Above 50 suggests expansion, while below 50 suggests contraction.
Why it matters: France is one of the eurozone's largest economies, but because the flash estimate is already known, the final reading is usually of fairly low importance.
Usual market reaction: Prices react to the actual figure compared with the forecast, which is usually set close to the flash number. A higher-than-forecast result usually supports the euro (EUR), while a lower one tends to weigh on it. Revisions are often small, so moves tend to be limited unless the final figure differs clearly from the flash.

15:55 EUR German Final Manufacturing PMI Forecast 54.2Previous 54.2

What it is: A survey-based index of conditions in Germany's factory sector, compiled by S&P Global from purchasing managers at manufacturers. The final reading revises the earlier flash estimate.
Why it matters: A reading above 50 signals the manufacturing sector is expanding, and below 50 signals contraction. Germany is the eurozone's largest economy, so traders use it to gauge European growth. It is usually of medium importance.
Usual market reaction: Prices usually react to the actual figure compared with the forecast. A higher-than-forecast result tends to support the euro, while a lower one tends to weigh on it. Final readings are often close to the flash estimate, so moves are often small unless the revision is notable.

16:00 EUR Eurozone Final Manufacturing PMIFinal Manufacturing PMI Forecast 52.4Previous 52.4

What it is: A survey-based index of factory-sector conditions across the whole eurozone, compiled by S&P Global from purchasing managers at manufacturers. The final reading revises the earlier flash estimate.
Why it matters: It is an early signal of the health of the European economy. A reading above 50 means expansion and below 50 means contraction. It is usually of medium importance for the euro.
Usual market reaction: Prices usually react to the actual figure compared with the forecast. A higher-than-forecast result tends to support the euro, while a lower one tends to weigh on it, as it may suggest the economy is stronger or weaker than expected. Final numbers are often close to the flash estimate, so the impact is often limited.

19:00 EUR Bundesbank President Nagel SpeaksGerman Buba President Nagel Speaks

What it is: Joachim Nagel, president of Germany's central bank (the Bundesbank), speaks publicly. He is also a member of the ECB Governing Council, which sets interest rate policy for the eurozone.
Why it matters: Traders listen for hints about the future direction of ECB interest rates. The importance depends on what is said, and it is often greater when an ECB meeting is near.
Usual market reaction: Hawkish comments, such as worry about inflation or support for keeping rates high, tend to support the euro. Dovish comments, such as openness to rate cuts, tend to weigh on it. Markets often care more about a change in tone than about repeated views.

Monday 2 November 2026