The Week Ahead: Key Economic Events to Watch for November 9 – 13, 2026

Overview

The week of November 9–13, 2026 brings several high-impact economic events that could influence financial markets. Investors will closely monitor key US inflation reports, including the Consumer Price Index (CPI) and Producer Price Index (PPI), for signs of changing price pressures. UK GDP figures will provide insight into the country’s economic performance, while US unemployment claims will offer an update on labor market conditions. Crude oil inventory data could also influence energy prices. Meanwhile, earnings reports from major companies, including Cisco, Applied Materials, and Mitsubishi UFJ Financial Group, will attract investors’ attention.

High Impact Economic Events

Tuesday 15:30 (GMT+2) – USA: CPI m/m (USD)

Thursday 09:00 am (GMT+2) – UK: GDP m/m (GBP)

Thursday 15:30 (GMT+2) – USA: Unemployment Claims (USD)

Thursday 19:00 (GMT+2) – USA: Crude Oil Inventories (USD)

Friday 15:30 (GMT+2) – USA: PPI m/m (USD)

Tuesday, November 10

15:30 – USA: CPI m/m (USD)

The Consumer Price Index (CPI) measures the change in prices paid by consumers for a basket of goods and services, reflecting spending patterns of urban consumers and wage earners. It includes indexes like CPI-U for all urban consumers and CPI-W for urban wage earners, covering over 90% of the US population. CPI tracks inflation by comparing current prices to a reference base period.

In September 2026, US consumer prices rose by 0.6%, up from 0.4% in August, indicating that inflation is accelerating. Over the past year, inflation increased to 3.7%, compared to 3.4% in August. Gasoline prices jumped 9.1%, driving much of the monthly increase, while overall energy costs rose 5.2%. Housing costs increased slightly, while food prices remained stable. Core CPI, which excludes food and energy, rose 0.3% in September and 2.6% over the past year, up from 2.4% in August. Overall, rising energy costs and persistent underlying inflation continue to put pressure on American households.

Economists expect the CPI to increase by 0.2% in the upcoming report.

Thursday, November 12

09:00 am – UK: GDP m/m (GBP)

Gross Domestic Product (GDP) measures a country’s economic size and health over time, typically quarterly or annually. It can be calculated by totaling the value of goods and services produced, income earned, or spending. Household spending is the largest component, making up about two-thirds of GDP. Growth in GDP signals an expanding economy, but it doesn’t capture all aspects of economic well-being.

The UK economy grew by 0.1% in August 2026, slowing from 0.4% growth in July and June. The increase was mainly driven by the production sector, which grew by 0.8%, supported by stronger manufacturing activity. Meanwhile, the services sector showed no growth, and construction declined by 0.2%. Looking at the broader picture, the economy expanded by 0.7% in the three months to August, up from 0.5% in the previous three-month period. This growth was driven by a 0.9% increase in services, while production fell by 0.2% and construction dropped by 1.0%. Overall, the economy continues to grow, although monthly growth has slowed.

Economists expect GDP to remain unchanged in the upcoming report.

15:30 – USA: Unemployment Claims (USD)

An initial claim is filed by an unemployed individual seeking eligibility for unemployment insurance after leaving a job. This count serves as a leading economic indicator, reflecting labor market conditions. However, because these are weekly administrative data, they can be volatile and challenging to adjust seasonally.

The number of Americans filing for unemployment benefits fell to 189,000 in the week ending October 31, down by 6,000 from the previous week. The four-week average, which helps smooth out weekly fluctuations, also declined to 194,750, suggesting that layoffs remain relatively low. However, the number of people continuing to receive unemployment benefits increased by 23,000 to 1.718 million in the week ending October 24. The insured unemployment rate remained unchanged at 1.1%. Overall, the figures suggest that the US labor market remains relatively stable, with fewer new unemployment claims but a slight increase in people continuing to receive benefits.

Economists expect initial jobless claims to reach 194,000 in the upcoming report.

19:00 – USA: Crude Oil Inventories (USD)

The Crude Oil Stocks Change Indicator is published weekly by the Energy Information Administration (EIA). It gauges the volume (barrels) of commercial crude oil held by US companies, influencing global oil prices. Increasing stocks signal reduced oil demand, potentially leading to a decline in oil barrel prices.

US oil refineries increased production in the week ending October 30, 2026, processing 16.7 million barrels of crude oil per day, with facilities operating at 94.5% capacity. Meanwhile, crude oil inventories fell by 0.9 million barrels to 409.8 million barrels, remaining 4% below the five-year average. Gasoline inventories declined slightly, while distillate stocks, which include diesel and heating oil, dropped by 3.6 million barrels. Overall, U.S. commercial petroleum inventories fell by 8.2 million barrels. Oil demand remained strong, with total petroleum products supplied rising 4.2% compared to a year earlier. These figures suggest relatively tight fuel supplies despite increased refinery activity.

Analysts expect crude oil inventories to fall by 2.489 million barrels in the next release.

Friday, November 13

15:30 – USA: PPI m/m (USD)

The Producer Price Index (PPI) measures the average change in prices received by producers for goods, services, and construction. The PPI covers a broad range of industries and is used alongside other economic indicators like the Consumer Price Index (CPI), which measures price changes from the buyer’s perspective. Growth in the index can have a positive effect on dollar quotes.

US producer prices rose sharply in September 2026, with the Producer Price Index (PPI) increasing by 1.3%, up from 0.5% in August. This was the largest monthly increase since March 2022. Over the past year, producer prices climbed 6.3%, indicating growing inflationary pressure on businesses. The increase was mainly driven by higher energy costs, with gasoline prices jumping 20.3% and overall energy prices rising 10.8%. Goods prices increased by 2.6%, while services rose by 0.8%. Core PPI, excluding food, energy, and trade services, rose 0.5%, bringing its annual increase to 5.0%. Overall, rising business costs could eventually lead to higher consumer prices.

Economists expect the PPI to rise by 0.4% in the upcoming report, marking a slowdown from the previous month.

Company Earnings (November 9 – 13)

Thursday, November 12: CSCO (Cisco Systems, Inc.)

Thursday, November 12: AMAT (Applied Materials, Inc.)

Friday, November 13: MUFG (Mitsubishi UFJ Financial Group, Inc.)

Conclusion

Overall, the week ahead could bring significant market movements as investors assess inflation trends, economic growth, and labor market conditions. US CPI and PPI figures will be particularly important in shaping expectations for future Federal Reserve interest rate decisions, while UK GDP data could influence the British pound. Oil inventories and corporate earnings will also provide valuable insights into market conditions. With several major releases scheduled, investors should remain alert to potential volatility across currencies, commodities, and stock markets.