Huge Job Losses Foreseen.
In the week ahead, the main event on the economic calendar is the October U.S. employment report. That data, due Friday, is expected to show that U.S. nonfarm payrolls shed 200,000 jobs in October, according to a Reuters poll, while the unemployment rate is forecast to rise 6.3 percent.
Other key economic reports include the Institute for Supply Management (ISM) reports on manufacturing on Monday and non-manufacturing, or service-sector, activity on Wednesday.
Both are expected to produce readings showing that the economy contracted in October.
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