ADP jobs report, services PMI, and oil inventories among data due Wednesday

As traders approach another pivotal day for financial markets, a series of crucial economic data releases that could sway market dynamics are expected on Wednesday, November 4, 2026. The day’s lineup includes the ADP Nonfarm Employment Change, which provides an early glimpse into private sector job creation ahead of the official government payroll report. Market participants will also closely monitor the ISM Non-Manufacturing PMI, a key gauge of the services sector’s health, and the Services PMI from S&P Global. Rounding out the major releases, the Energy Information Administration will publish its weekly Crude Oil Inventories report, offering insights into petroleum demand and potential impacts on inflation.

Major Economic Events to Watch

• 8:15 AM ET - ADP Nonfarm Employment Change (Forecast:67K, Previous: 90K): Measures monthly change in non-farm private employment based on payroll data from approximately 400,000 U.S. business clients, serving as a predictor of the government’s official jobs report.

• 9:45 AM ET - Services PMI (Forecast:57.9, Previous: 58.8): Based on surveys of over 400 private sector service company executives covering transport, communication, financial services, and other sectors, with readings above 50 indicating expansion.

• 10:00 AM ET - ISM Non-Manufacturing PMI (Forecast:54.8, Previous: 54.9): A composite index measuring overall economic conditions for the non-manufacturing sector based on business activity, new orders, employment, and supplier deliveries from over 370 purchasing executives.

• 10:30 AM ET - EIA Crude Oil Inventories (Previous:-1.892M): Weekly change in commercial crude oil barrels held by U.S. firms, influencing petroleum product prices and inflation expectations.

Other Important Economic Events to Watch

• 8:30 AM ET - Trade Balance (Forecast:-107.90B, Previous: -105.60B): Measures the difference in value between imported and exported goods and services, with positive numbers indicating more exports than imports.

• 8:30 AM ET - Exports (Previous:315.20B): Total U.S. dollar amount of merchandise exports during the reporting period.

• 8:30 AM ET - Imports (Previous:420.80B): Measures goods and services brought into the country for trade purposes.

• 9:45 AM ET - S&P Global Composite PMI (Forecast:57.6, Previous: 58.4): Combines manufacturing and service industry data to provide an early snapshot of private sector economic health.

• 10:00 AM ET - ISM Non-Manufacturing Employment (Previous:50.1): Employment component of the ISM services report, with readings above 50 indicating sector expansion.

• 10:00 AM ET - ISM Non-Manufacturing Business Activity (Previous:56.5): Measures business activity levels within the non-manufacturing sector.

• 10:30 AM ET - Atlanta Fed GDPNow (Forecast:3.7%, Previous: 3.7%): Running estimate of real GDP growth based on available economic data for the current quarter, without subjective adjustments.

• 10:30 AM ET - EIA Weekly Cushing Oil Inventories (Previous:-0.624M): Change in crude oil barrels stored at Cushing, Oklahoma, the delivery point for West Texas Intermediate benchmark.

Other Economic Events to Watch

• 7:00 AM ET - MBA Mortgage Applications (Previous:3.4%): Weekly change in the number of new mortgage applications backed by the Mortgage Bankers Association.

• 7:00 AM ET - MBA 30-Year Mortgage Rate (Previous:7.37%): Fixed 30-year mortgage lending rates for 80% loan-to-value mortgages.

• 7:00 AM ET - Mortgage Market Index (Previous:195.0): Covers all mortgage applications during the week, including conventional, government, fixed-rate, and adjustable-rate mortgages.

• 7:00 AM ET - MBA Purchase Index (Previous:134.1): Includes all mortgage applications for single-family home purchases, serving as a reliable indicator of impending home sales.

• 7:00 AM ET - Mortgage Refinance Index (Previous:516.8): Covers all mortgage applications to refinance existing mortgages, gauging refinancing activity.

• 10:00 AM ET - ISM Non-Manufacturing New Orders (Previous:59.8): New orders component of the ISM services report, indicating future business activity.

• 10:00 AM ET - ISM Non-Manufacturing Prices (Previous:74.0): Prices component measuring inflationary pressures within the non-manufacturing sector.

• 10:30 AM ET - Gasoline Inventories (Previous:3.870M): Weekly change in commercial gasoline barrels held in inventory, affecting gasoline prices and inflation.

• 10:30 AM ET - EIA Weekly Distillates Stocks (Previous:-1.462M): Inventory levels of distillate fuel oil, providing insight into petroleum demand.

• 10:30 AM ET - EIA Weekly Refinery Utilization Rates (Previous:-0.6%): Measures the percentage of refinery capacity being utilized.

• 10:30 AM ET - EIA Weekly Crude Imports (Previous:-0.796M): Change in crude oil imports during the reporting week.

• 10:30 AM ET - EIA Weekly Gasoline Production (Previous:-0.509M): Change in gasoline production levels during the reporting week.

• 10:30 AM ET - EIA Weekly Distillate Fuel Production (Previous:-0.071M): Change in distillate fuel production levels.

• 10:30 AM ET - EIA Refinery Crude Runs (Previous:-0.123M): Measures the volume of crude oil processed by refineries.

• 10:30 AM ET - EIA Weekly Heatoil Stock (Previous:0.164M): Change in heating oil inventory levels.

For further information and the latest updates, please refer to our Economic Calendar, here.