Economic Events and Corporate Earnings Reports on Tuesday, November 11, 2025: Lagarde's Speech, ZEW Index, and Reporting from Sea, Beyond Meat, Sony, Ozon

Detailed Review of Economic Events and Corporate Reports for Tuesday, November 11, 2025. Focus: ECB President Christine Lagarde’s Speech, Germany’s ZEW Index, and Reports from Sea, Beyond Meat, Sony, Ozon, and Other Global Index Companies.

On Tuesday, November 11, 2025, investors from the CIS are focused on important economic events and a series of corporate reports that could influence the stock market. Central to this attention is the speech by the President of the ECB, data on business confidence in Europe, U.S. oil statistics, and the earnings reports from several companies. This day will witness the release of results not only from large international corporations listed in indices such as S&P 500, Euro Stoxx 50, Nikkei 225, and MOEX but also from medium- and small-sized firms. Let’s examine the key economic events and company reports that investors should pay attention to.

Economic Events

Canada - Bank Holiday: Canada observes Remembrance Day, leading to the closure of Canadian markets and exchanges, with no trading taking place.
Christine Lagarde's Speech (ECB): President of the European Central Bank Christine Lagarde is scheduled to speak at 11:20 AM Moscow time. Investors will be closely monitoring her statements for any signals regarding future monetary policy. Any hints on changes to interest rates or assessments of the economic situation in the Eurozone could impact the euro and the dynamics of European bonds. While the market does not expect any drastic announcements, Lagarde's comments may set the tone for trading in European markets.
ZEW Economic Sentiment Index (Germany, November): The ZEW Institute will release the business sentiment index for Germany and the Eurozone at 1:00 PM Moscow time. Predictions indicate a moderate improvement in sentiment, with an expected increase in the index for Germany from approximately 39.3 to 40 points. If the data exceeds expectations, it could bolster confidence in the Eurozone's economic prospects and support European stock indices. Conversely, a weak sentiment indicator may remind investors of the ongoing risks of economic slowdown.
Oil Inventories (API, USA): The American Petroleum Institute will publish its weekly crude oil inventory data at 00:30 AM Moscow time (early November 12). This indicator typically comes out after the Tuesday trading closes and serves as a reference before the official EIA statistics. An increase in inventories may put pressure on oil prices, while a decrease will support them. The volatility in oil prices, in turn, influences the oil and gas sector and investor sentiment in commodity markets.

Corporate Reports

Tuesday marks the continuation of the corporate earnings season for the third quarter of 2025. Reports will be issued by both global giants from leading indices and various technology and commodities companies. Below are the major companies releasing reports on November 11, along with their sector and some details:

Interpublic Group (IPG) – one of the largest advertising holding companies worldwide (USA, communications sector, S&P 500). The report will be released before the U.S. market opens. A small earnings per share (~$0.02) is anticipated against a backdrop of subdued demand in the advertising industry.
Infineon Technologies (IFX) – German semiconductor manufacturer (part of Euro Stoxx 50). They will present financial results for the fourth quarter of their 2025 fiscal year. Analysts forecast earnings of around €0.28 per share. Investors are particularly focused on forecasts for chip demand in Europe amid global fluctuations in the sector.
Sony Group Corp. (SONY) – Japanese technology and media conglomerate (Nikkei 225). The report for the second financial quarter of 2025 (ending September 30) will be released after Tokyo trading closes. A significant earnings increase (consensus ~¥105 per share) is expected, thanks to the success of the gaming division. Sony's results serve as a barometer for the health of the tech sector in Japan and the global video game market.
Mosaic Co. (MOS) – American materials company (one of the largest fertilizer producers, S&P 500). They will report before U.S. trading opens. Mosaic's results are important for assessing the situation in the commodity and agricultural resources markets.
Vodafone Group (VOD) – British telecommunications operator (FTSE 100). They will publish results for the first half of their 2025 fiscal year. Investors are interested in revenue growth dynamics in key European markets and progress in the company's debt reduction program.
AstraZeneca (AZN) – UK pharmaceuticals giant. The third-quarter report will be released in the morning on the London Stock Exchange. A revenue increase of about +14% YoY is expected, driven by sales of new drugs. AstraZeneca's results are crucial for the overall sentiment among investors in the healthcare sector.
Ozon Holdings (OZON) – large Russian e-retailer (traded on the Moscow Exchange). They will publish financial results for the third quarter. Analysts expect continued high growth in gross merchandise volume (GMV) of ~40–47% YoY amid the boom of e-commerce in Russia. This report is of particular interest to investors on MOEX, considering the resumption of Ozon's stock trading and the company’s plans for profit growth.
VEON Ltd. – international telecom holding with assets in Russia (under the "Beeline" brand) and several other countries (MOEX, NASDAQ). They will publish results for the third quarter of 2025. Investors will assess the performance of the Russian business amid debt restructuring and asset sales, as well as the overall progress in the holding's digital services.
Positive Group – Russian cybersecurity company (MOEX). Their report for the first nine months of 2025 will show revenue dynamics from sales of IT security software solutions. Positive’s shares attract investor attention due to the growth of the IT sector in Russia.

Additionally, this day will see the release of reports from various tech companies and medium-cap firms that attract the attention of global investors:

Sea Limited (SE) – a Singaporean-American tech conglomerate (gaming, e-commerce). They will report before the U.S. market opens. The company is expected to remain unprofitable (forecasting a negative EPS of about –$0.07) with revenue growth of ~15%. Sea’s results reflect trends in the internet business across Southeast Asia.
Spotify Technology (SPOT) – Swedish-American streaming service. They will publish financial results after NASDAQ closes. Investors are anticipating information on subscriber growth and management commentary regarding the monetization of the service.
Beyond Meat (BYND) – a producer of plant-based meat alternatives (USA). The company postponed its report for the third quarter to November 11 (after market close) due to the need for asset impairment revaluation. The market is awaiting comments on product demand amid declining consumer interest and competition. Beyond Meat's shares have been volatile in recent weeks due to speculative interest and news of losses.
Chegg, Inc. (CHGG) – American EdTech company (online educational services). They will report after market close. Investors will evaluate how declining demand for online education affects profitability and subscriptions for the service.
Natera, Inc. (NTRA) – American biotech company specializing in genetic testing. Their quarterly results will be released late in the evening. Focus will be on revenue growth rates and loss reduction as the use of genetic screenings expands in medicine.
Rocket Companies (RKT) – American fintech in the mortgage sector. They will publish the report after market close. Investors are expecting updates on mortgage loan demand in the U.S. amid changing interest rates.

Finally, November 11 is scheduled to see reports from several smaller companies in the tech and commodities sectors that also capture the attention of niche investor groups:

Endava (DAVA) – British IT consulting company (software development outsourcing). They will present the results of the first quarter of the 2026 fiscal year (quarter ending September 30, 2025) before market opening. Moderate revenue growth is expected amid demand for business digitalization.
Hesai Group (HSAI) – Chinese manufacturer of lidar systems for autonomous vehicles. Their report is scheduled for November 11 (conference call is set for 8:00 PM Beijing time). The recently IPO-ed company is likely to report a loss, but investors will focus on order and project growth in the automotive industry.
Oklo Inc. (OKLO) – startup in nuclear technology (USA), which entered the market via SPAC. They will release an after-market report. The company is still in the red (expecting a negative EPS around –$0.08), but its modular microreactor project is attracting strategic investors in the energy sector.
LightPath Technologies (LPTH) – American manufacturer of optical components. They will report for the first quarter of the 2026 fiscal year (July-September). The market expects modest revenue growth (~+4% YoY) while monitoring business margins amid rising demand for optics for lasers and sensors.
Evolution Petroleum (EPM) – independent oil and gas company (USA). They will release results for the first quarter of the 2026 fiscal year. Expected earnings per share are modest (~$0.01–0.02), but steady cash flows and dividends make its shares attractive to some investors focused on the commodities sector.
Intrusion Inc. (INTZ) – American cybersecurity company. They will release their report after market close. A small loss is forecasted (consensus –$0.09 per share) on a revenue of about $2 million. Investors are looking for news about the progress of the flagship product Intrusion Shield in the corporate market.
Pixelworks, Inc. (PXLW) – developer of video processors and display solutions (USA). Their report will be released after market closing. The company is expected to remain unprofitable, but market participants are assessing the prospects of its technologies in enhancing mobile display and VR quality.
QuickLogic Corp. (QUIK) – manufacturer of programmable microchips (FPGA, USA). They will publish quarterly results in the afternoon. A loss is expected amid investments in new chips, but forecasts regarding contracts in the aerospace and defense sectors, where the company sees growth potential, are important.
Stereotaxis, Inc. (STXS) – American medical technology company specializing in robotic surgical systems. Their report will be released after market close (conference call scheduled for 11:30 PM Moscow time). Investors will evaluate order dynamics for its cardiovascular systems and progress in reducing losses.
Skyworks Solutions (SWKS) – manufacturer of wireless communication chips (USA, part of S&P 500). While Skyworks’ report will officially be released late in the evening on November 12 Moscow time (after the close of the U.S. market on the 11th), many investors will already factor in its results on the morning of the 12th. Strong earnings (~$2.06 per share) are expected due to chip deliveries for smartphones, which would signal a positive trend for the entire semiconductor sector.
Microvast Holdings (MVST) – manufacturer of electric vehicle batteries (USA/China). They will release a report late in the evening. A quarterly loss (~–$0.05 EPS) is expected amid revenue growth as the company expands production capacity. Microvast's results are vital for assessing trends in the EV battery industry.
Valens Semiconductor (VLN) – Israeli company producing chips for high-speed data transmission. They will report in the evening on November 12. A loss is expected (~–$0.11 per share) amidst investments in new products, but investors will be interested in forecasts of demand for its solutions in automotive electronics.
LandBridge, Inc. (LB) – American company holding rights to royalty income from oil and gas projects. Their third-quarter report will also be released late on November 12. The company is expected to show a modest profit (~$0.03 per share) and stable payouts, appealing to investors looking for returns in the energy sector.
Zai Lab (ZLAB) – biotechnology company from China (developer of oncology drugs). They reported early on November 11. The results will help assess the successes of commercializing its drugs in global markets and the prospects for approving new medicines.
Sohu.com (SOHU) – Chinese media company (internet portal). They released their report in the morning at 9:00 AM Moscow time. Investors will look at advertising and traffic data to understand how the company is faring against competition from major platforms.
The Beauty Health Co. (SKIN) – American company operating at the intersection of health and beauty (known for HydraFacial devices). They will publish results after market close. The market expects revenue growth due to recovering demand for cosmetic procedures, and investors will evaluate the business's margins.
Nebius Group N.V. – Dutch subsidiary of Yandex in cloud services. Although the company is not public, it has released a statement with its financial results for the third quarter (before market opening). This report is particularly important for Yandex investors, as it showcases the cloud business's successes and its contribution to Yandex’s overall ecosystem.

In conclusion, November 11, 2025, is rich in events, encompassing both macroeconomic agendas and corporate earnings reports. ECB President Christine Lagarde's speech and the ZEW index data will set the tone for trading in Europe, shaping investor sentiment regarding the economic outlook for the Eurozone. Meanwhile, dynamics in oil prices post-API report could reflect on oil and gas assets and overall risk appetite in the American market. The wave of corporate reports – ranging from S&P 500 giants to niche tech firms – will provide investors with a wealth of material for analysis. Results from companies within the Euro Stoxx 50, Nikkei 225, and the Russian MOEX market will help gauge the health of key sectors across different regions.

For investors, this day serves as an indicator across multiple fronts: macroeconomic signals provide the overall backdrop, while company earnings unveil the details of business conditions across various industries. A careful examination of financial results is essential for timely reactions to potential opportunities or risks. Key highlights of the day – ECB rhetoric, the state of business confidence in Germany, and the performance of companies in the earnings season – will help paint a more comprehensive picture for investment decision-making. In the environment of heightened market volatility, a balanced approach and diversification remain the best strategies for retail investors.