London Open Briefing: Monday, November 2, 2026
The session hands off with a mixed tape. JP225 is up 0.87% since the reference point, while UK100 is down 0.42% and USTEC is up 0.39%. In currencies, EUR leads the 24 hour strength table at +0.33%, followed by CHF at +0.27% and GBP at +0.17%. USD is slightly lower at -0.06%, and AUD trails at -0.24%. EURUSD is up 0.37%, EURJPY is up 0.39% and USDCHF is down 0.35%. The risk meter reads -0.15 on the -1 to +1 scale, a mildly risk-off lean rather than a decisive one.
No major releases have landed ahead of the London open in the data provided. The calendar for this session is concentrated in the US afternoon, with three ISM Manufacturing releases all due at 15:00 UTC.
The high-impact item is ISM Manufacturing Prices Paid, with consensus at 80.7 against a previous 77.9. ISM Manufacturing PMI is rated medium impact, with consensus at 54.5, unchanged from the previous 54.5. ISM Manufacturing Employment is also medium impact, with consensus at 51.4 against a previous 52.7.
On positioning, retail books disagree by 25 points on AUDUSD, 22 points on USDCHF and 25 points on USDJPY. That describes a split between books, not a view on direction.
The single most important item ahead is ISM Manufacturing Prices Paid at 15:00 UTC, where consensus of 80.7 sits above the previous 77.9.
| At a glance | |
|---|---|
| Biggest moves since the previous session | JP225 +0.87%, UK100 -0.42%, USTEC +0.39% |
| Currency strength, 24h | EUR strongest at +0.33%, AUD weakest at -0.24% |
| Risk meter | -0.15 (mildly risk-off) |
Scheduled this session (High and Medium impact)
| Time | Ccy | Event | Impact | Consensus |
|---|---|---|---|---|
| 15:00 UTC | USD | ISM Manufacturing Prices Paid | High | 80.7 |
| 15:00 UTC | USD | ISM Manufacturing PMI | Medium | 54.5 |
| 15:00 UTC | USD | ISM Manufacturing Employment | Medium | 51.4 |
Times are UTC. This brief describes measured market state and the published schedule. It is not financial advice and nothing in it is a trade recommendation.