Macro Outlook for Next Week: Non-farm payrolls "hidden," tariff case trial underway, gold enters a seasonally strong period.

PANews, November 1st - This week, the market started with a series of potential risks, but these risks were mitigated one by one thanks to the efforts of all parties, and market sentiment temporarily turned positive. The Federal Reserve's hawkish outlook benefited the dollar, with the dollar index rising to a two-month high. All seven major U.S. tech companies delivered positive earnings reports and outlooks, fueling the continued surge in the artificial intelligence boom. Here are the key points the market will focus on in the coming week:

At 22:45 on Monday, the final reading of the US October S&P Global Manufacturing PMI will be released.

At 01:00 on Tuesday, Daly, a 2027 FOMC voting member and president of the Federal Reserve Bank of San Francisco, will deliver a speech;

At 23:00 on Tuesday, the US JOLTs job openings for September will be released.

At 21:15 on Wednesday, the US October ADP employment figures will be released.

At 21:30 on Thursday, the number of initial jobless claims in the United States for the week ending November 1 will be released.

At 00:00 on Friday, Williams, a permanent voting member of the FOMC and president of the New York Federal Reserve, will deliver a speech;

At 01:00 on Friday, Hamak, a 2026 FOMC voting member and president of the Cleveland Federal Reserve, will speak at the Economic Club of New York.

At 05:30 on Friday, Paulson, a 2026 FOMC voting member and president of the Philadelphia Federal Reserve, will deliver a speech;

At 06:30 on Friday, St. Louis Fed President Musaleem, a 2025 FOMC voting member, will hold a fireside talk on monetary policy.

At 16:00 on Friday, Williams, a permanent voting member of the FOMC and president of the New York Federal Reserve, will speak at the European Central Bank's monetary market conference.

A large amount of US private sector data will be released next week. Specifically, the often-overlooked JOLTS job openings and Challenger layoffs data will receive due attention, but understandably, all eyes will be on the two ISM surveys and the ADP employment report. A series of weak data releases next week will reignite market expectations for a December rate cut.