Comprehensive Review of Economic Events and Corporate Reports for Sunday, November 23, 2025. G20 Summit, Zoom Reporting, and Key Companies from the US, Europe, Asia, and Russia.
On this Sunday, November 23, 2025, the global agenda takes center stage against a backdrop of relatively calm macroeconomic statistics. The second day of the G20 summit in South Africa captures investors' attention with the absence of the US and discussions on key issues affecting the world economy. There are no significant **economic events** scheduled for today, hence the **corporate earnings reports** of major companies become the primary news driver. At the heart of the corporate calendar are the financial results of American firms, led by Zoom Video, while markets in Europe, Asia, and Russia are looking for external signals. Investors are assessing a combination of geopolitical outcomes and corporate releases in the context of preparing for a new trading week.
Macroeconomic Calendar (MSK)
- Throughout the day – Johannesburg, South Africa: The second (final) day of the G20 leaders' summit. Discussions will encompass the global economy, climate policy, debt burden issues in developing countries, and other world challenges.
G20 Summit: Key Issues
- Final Declaration and Support Measures: Investors are anticipating the concluding communiqué from the G20 summit, which will reflect the coordination efforts of the world's largest economies. Decisions regarding debt relief for the poorest countries or new development financing initiatives could increase the appeal of emerging market assets.
- Absence of the US at the Summit: For the first time in G20 history, the meeting is taking place without full US participation, creating an unusual precedent. The dominance of other powers (China, EU, etc.) in discussions may shift the focus within the global agenda. Investors are evaluating whether the absence of the US will diminish the effectiveness of agreements or, conversely, strengthen cooperation among the remaining participants.
- Climate and Energy: The agenda includes a transition to clean energy and climate investments. If the G20 countries agree on increasing financing for "green" projects or limiting emissions, this might have a long-term impact on commodity markets (oil, coal) and increase interest in renewable energy stocks.
Earnings Reports: Before Opening (BMO, US)
- No Significant Releases Expected: Prior to the start of the main trading day in the US, no major corporate earnings reports are anticipated. Markets will be guided by the overall news background – the outcomes of the G20 summit and the sentiment from the Asia-Europe session. With no macroeconomic statistics to be published on November 23, the morning will proceed in a mode of waiting for more active events on Monday.
Earnings Reports: After Closing (AMC, US)
- Zoom Video Communications (ZM) – Leading video conferencing platform. Focus: the growth rate of corporate users and revenue from subscription services against a backdrop of market saturation post-pandemic. Investors are expecting updated guidance from management regarding demand dynamics in 2026 and profitability metrics that will indicate whether Zoom can maintain its margins while expanding services.
- Keysight Technologies (KEYS) – Manufacturer of electronic measurement equipment and software (S&P 500 company). Key metrics: the volume of orders from the telecom and semiconductor sectors (including 5G and aerospace segments), and trends in profitability. Keysight's results will provide insight into the state of the investment cycle in high-tech manufacturing.
- Agilent Technologies (A) – Developer of laboratory and diagnostic equipment (S&P 500). We are looking at revenue from the biopharmaceutical services and analytical instruments segment: high growth rates signal stable demand from pharmaceuticals and scientific institutions. Investors are also interested in the company's forecast for the coming year and cost-optimization measures affecting profitability.
- Symbotic (SYM) – Provider of robotic warehouse automation systems (AI solutions for retail). Important metrics: expansion of the order portfolio from major retail chains (Symbotic is already partnering with Walmart, among others), revenue increase, and progress in improving technology efficiency. Symbotic's results will reveal the extent of AI robot integration within supply chains and the growth potential of the business.
Other Regions and Indices: Euro Stoxx 50, Nikkei 225, MOEX
- Euro Stoxx 50 (Europe): European markets start the week without new reports from blue-chip companies on Sunday. The dynamics of Eurozone indices will hinge on external factors – investors are gauging signals from the G20 and preparing for the upcoming economic indicators. Focus will remain on EUR/GBP exchange rates and EU government bonds amid the absence of domestic drivers today.
- Nikkei 225 (Japan): In Japan, the quarterly earnings season is nearing its end – most large companies have already disclosed their mid-year results. In the absence of new reports, attention shifts to the yen's exchange rate and comments from Bank of Japan officials. Trading on the Tokyo Stock Exchange at the start of the week will depend on external risk appetite and the results of Friday’s Wall Street session, as there are few local triggers on Sunday.
- MOEX (Russia): In the Russian market, the publication of third-quarter financial results continues. Late November typically sees a series of reports from Russian issuers – from energy companies to retailers. The peak of the nine-month corporate earnings reporting season occurs at the end of November – beginning of December. The movement of the MOEX index in the absence of global news today will be determined by individual corporate stories and external factors (oil price dynamics and the ruble's exchange rate).
Day’s Highlights: What Investors Should Pay Attention To
- G20 Summit: The concluding statements from the G20 leaders and agreements reached (in climate, assistance to developing economies, market regulations) may set the tone for global markets as the new week begins. Particular attention should be placed on potential reactions from emerging market currencies and commodity prices if initiatives affecting global monetary flows are announced.
- US Tech Sector (Zoom and Others): The financial results from Zoom Video and comparable tech companies after the market closes could shift investors’ focus from macroeconomic factors to specific corporate elements. A strong quarter and positive outlook from Zoom and sector companies will support the Nasdaq and growth stocks, while disappointments may increase caution and trigger profit-taking in overheated segments of the IT market.
- Consumer Demand and Retail: The upcoming week includes Black Friday (November 28) and the subsequent Cyber Monday – key sales days that will reflect real purchasing activity in the US and Europe. Markets may already start to factor in expectations surrounding the holiday sales: positive signals (growth in online orders, store traffic) will support retail and e-commerce stocks, while weak consumer demand may raise concerns regarding the state of the economy.
- European and Asian Markets in the Absence of Drivers: With no new data this Sunday, it is important for investors to monitor sentiment in the futures markets and the Asian session on Monday morning. The lack of clear drivers could lead to subdued index fluctuations, but any unexpected news (geopolitical events, regulatory announcements) could act as a catalyst for movement. Upcoming events for the week (e.g., US consumer confidence index on Tuesday, PCE inflation data on Wednesday) are already on the horizon and may deter market participants from taking active actions on Monday.
- Risk Management Ahead of the Holidays: A shortened session in the US looms due to Thanksgiving, thus liquidity in the markets will decrease in the latter half of the week. Investors should use this calm day to calibrate their portfolios: set target levels for key positions, establish reasonable stop-losses and limit orders. Low volatility does not preclude sudden price spikes due to news – readiness for such surprises will help preserve profits and avoid unnecessary losses.
