Next week, the U.S. CPI will be the market focus, CoreWeave and Nebius will announce their financial reports

Next week, the U.S. October CPI, PPI, and speeches from several Federal Reserve officials will become the market focus. Previously, the U.S. added 165,000 non-farm jobs in October, and the unemployment rate fell to 4.1%, raising expectations for interest rate hikes. LSEG data shows that the implied probability of a Federal Reserve rate hike in December has risen to about 80%, with the market expecting that this cycle may see two more rate hikes, each by 25 basis points.

In terms of inflation data, the U.S. October CPI will be released at 21:30 Beijing time on November 10, and the PPI will be released at 21:30 on November 13. ING expects that the overall CPI and core CPI will both rise by 0.3% month-on-month, which is sufficient to support a high probability of a rate hike in December. Monex's macro research director Nick Rees believes that unless the October CPI is significantly lower than expected, or the November employment report released on December 4 shows a clear weakness, the market is expected to have almost fully priced in the 25 basis point rate hike by the time of next month's meeting. Officials such as Waller, Bowman, Barr, and Jefferson will speak or participate in discussions during the week.

According to Eastern Time, CoreWeave will release its third-quarter results after the market closes on November 10, Nebius will release its third-quarter results before the market opens on November 12, and Cisco will release its first-quarter results for fiscal year 2027 after the market closes on November 12. Anthropic plans to officially launch its IPO roadshow as early as the week of November 9. Geopolitically, the U.S., Russia, and Ukraine plan to hold working-level negotiations in Abu Dhabi from November 10 to 11. The head of the Ukrainian president's office, Andriy Yermak, stated that he does not expect breakthrough results from this meeting but believes that the resumption of face-to-face talks itself is progress.