Main Economic Events and Corporate Reports for Saturday, November 8, 2025: Inflation in China, U.S. Government Shutdown, Conclusion of Earnings Season, and the Impact of Macroeconomic Data on Global Markets.
The Saturday agenda is relatively calm; however, investors are closely monitoring the release of key indicators and weekly outcomes. The focus is on inflation in China, with data set to be published over the weekend, which could impact commodity markets and sentiment at the beginning of the next trading week. In the U.S., the government shutdown continues, resulting in the cancellation of important economic reports (such as Non-Farm Payrolls), increasing uncertainty regarding the state of the world’s largest economy. Despite this, global equity markets have maintained optimism due to the recent Federal Reserve rate cuts and earnings season outcomes: the majority of companies from the S&P 500 and Euro Stoxx 50 indices have reported their third-quarter results, forming an overall positive market trend. In the Russian market, investors are assessing fresh issuer results and dividend decisions, with the ruble demonstrating relative stability. In such conditions, it is important to pay attention to macroeconomic signals during the weekend and prepare for the beginning of the new week.
Macroeconomic Calendar (MSK)
- 04:30 (Sun) — China: Consumer Price Index (CPI) and Producer Price Index (PPI) for October.
Inflation in China: Expectations and Impact
- The pace of price growth in China remains subdued: CPI is expected to be around 0% YoY, which is close to deflation. Sustained low inflation indicates weak domestic demand and may prompt Chinese authorities to consider additional measures to support the economy.
- The Producer Price Index (PPI) is likely to remain in negative territory, reflecting the decline in industrial goods prices. The drop in producer prices is linked both to a high base from the previous year and moderate global demand for Chinese industrial products.
- Inflation data from China is significant for commodity markets and emerging economies: continued deflationary trends may exert downward pressure on metal and energy prices, while any signs of renewed price pressure will support the currencies and stocks of China's trading partners. Investors will factor in these metrics when shaping strategies for the new week.
Oil and Commodity Markets
- Oil: Brent crude prices are holding around the mid-$60 range per barrel following a recent decline. Market pressure has increased due to OPEC+'s decision to raise production—the step has stabilized the fuel market but led to declines in Urals and Brent prices to multi-month lows. Additionally, concerns about a slowdown in the global economy and weak inflation in China are limiting price growth, although potential geopolitical risks continue to support a premium in prices.
- Precious Metals: Gold is trading near record levels (≈ $3,400 per ounce) amidst heightened uncertainty and expectations for monetary policy easing. Investors are using precious metals as a safe-haven asset in light of the government shutdown in the U.S. and weak macro data. Silver exhibits a similar trend, hovering around $38 per ounce, with price fluctuations intensifying amid changing inflation expectations and bond yields.
- Industrial Metals: Markets for copper, nickel, and aluminum are responding to news from China. Weak PPI and signs of contracting industrial activity are pressuring metal prices: copper is fluctuating around $4.50 per pound, reflecting a balance between supply shortages and declining demand. Nickel and aluminum prices have fallen more than 1% over the week, signaling expectations of an oversupply amid moderate consumption. Any stimulus measures from Beijing or improvements in statistics could reverse this trend.
Key Corporate Reports
- Palantir Technologies (PLTR) – an American developer of big data and artificial intelligence solutions. The third-quarter report reflected steady revenue growth driven by commercial demand for the AIP (Artificial Intelligence Platform). The company increased profit and margins; however, its capitalization remains a topic of discussion: following multiple stock price increases, investors are assessing whether current multiples are justified amid slowing government orders and the need to maintain high growth rates.
- Advanced Micro Devices (AMD) – a U.S. semiconductor giant making significant strides in the AI chip segment. The latest quarterly report showed double-digit revenue growth (+30% YoY) and a sharp increase in net income, driven by record orders from cloud providers. The partnership with OpenAI (a 6 GW GPU supply agreement in exchange for warrants) confirms AMD's ambitions to compete with market leader NVIDIA. Investors view such strategic deals positively but are closely monitoring margin dynamics and contract fulfillment.
- AstraZeneca (AZN) – one of Europe's largest pharmaceutical companies. In the third quarter, the British-Swedish company continued to grow revenue across all key segments—oncology, cardiology, and rare diseases are posting sales increases. AstraZeneca is investing significant resources to expand its drug portfolio (over 20 projects in late-stage clinical trials), laying the foundation for future growth. Shareholders appreciate the balance between innovation and stability: the company pays stable dividends (~2% annual yield), which is above the market average, making it appealing for long-term investors.
- Samsung Electronics – the flagship of the Asian tech sector and a barometer of global electronics demand. The quarterly results of the South Korean corporation indicate the beginning of a recovery in the semiconductor division: increased orders for memory chips and components for AI servers have improved profitability following last year’s downturn. Meanwhile, Samsung's mobile business maintains stable sales of flagship smartphones, although competition in the segment is growing. Investors expect that business diversification (from consumer electronics to chips) will help Samsung maintain its leading position and capitalize on the global trend towards AI development.
- PhosAgro (MOEX: PHOR) – one of the largest fertilizer producers in the world and a representative of the Russian market. The company published financial results for the first nine months of 2025: despite price volatility for fertilizers, PhosAgro increased production by approximately 4% year-over-year and maintained stable profitability. A weak ruble and sustained demand for phosphate fertilizers supported export revenue, although sanctions and logistical constraints remain a concern. Investors in the Russian market reacted positively to the company's report, anticipating continued generous dividend payments for the year.
Other Regions and Indices: S&P 500, Euro Stoxx 50, Nikkei 225, MOEX
- Euro Stoxx 50: In Europe, the quarterly earnings season is nearing completion—overwhelmingly, companies in the Euro Stoxx 50 have reported. The absence of new major releases means that markets are shifting focus to macroeconomic factors. Next week, GDP data for the UK and eurozone are expected, which will help assess the recession risks amidst high but slowing inflation. European indices finished the week with gains, recovering from the positive effects of central banks' policy easing, and their dynamics will now depend on statistics and signals from the ECB.
- Nikkei 225 / Japan: In Japan, the release of results for the first half of the 2025 financial year continues. Major manufacturing conglomerates and technology companies (automakers, electronics corporations) are generally delighting investors with improved profits due to a weak yen and recovering external demand. The Nikkei 225 index reached multi-year highs this week, supported by both strong corporate reporting and the Bank of Japan's continuation of an accommodating monetary policy. However, further strengthening of the yen or global risks may correct this growth; thus, the Japanese market is responding sensitively to external signals.
- MOEX / Russia: The Russian stock market concluded the week with a confident rise: the Moscow Exchange index surpassed the 2,570 point mark amid increased capital inflow into blue-chip stocks. Investors positively assessed local factors—including the Board of Directors of Rosneft approving recommendations for interim dividends for the first nine months, which strengthened interest in the oil and gas sector. Additionally, the stability of the ruble (around 80–82 RUB per USD) and moderate inflation in Russia support the attractiveness of ruble-denominated assets. In the coming weeks, market participants await remaining corporate reports and will monitor potential moves by the Central Bank of Russia, considering the decreasing inflationary pressure.
Day Summary: What Investors Should Pay Attention To
- **1)** Chinese Data: The publication of Chinese CPI/PPI indices over the weekend will serve as the first indicator for markets ahead of Monday. Any surprises—such as deepening deflation or unexpected inflation acceleration—may reflect on commodity prices (oil, metals) and set the tone for trading in Asia. Investors should be prepared to react to these figures, particularly companies reliant on Chinese demand.
- **2)** U.S. Government Shutdown: The cessation of U.S. government operations leads to an unprecedented pause in official statistics. The absence of the labor market report for October and uncertainty surrounding the publication of U.S. inflation data (CPI) increases the uncertainty regarding the future direction of the Federal Reserve's policy. Investors should closely monitor alternative indicators (private employment estimates, consumer surveys) and news about budget negotiations in Washington—any progress toward resuming government operations could sharply impact Treasury yields, the dollar exchange rate, and sentiment across global markets.
- **3)** Oil Prices and Energy Market: Following OPEC+'s decision to increase production quotas, oil prices remain under pressure. Investors in the energy sector should pay attention to further rhetoric from OPEC+, statistics on oil reserves, and news from major producing regions. Increased price volatility is likely, which will, in turn, affect oil and gas company stocks as well as high-yield bonds from emerging markets.
- **4)** Corporate Guidance: Although the peak earnings season has passed, the impact of corporate news remains significant. Estimates and comments from management of several tech giants (semiconductors, AI) and consumer companies will shape sentiment in specific sectors. It's important to pay attention to updated holiday sales forecasts from retailers and the dynamics of industrial orders—these leading indicators may refocus investors' attention from macroeconomic risks to specific sector growth stories.
- **5)** Risk Management Over the Weekend: Given the high levels of equity indices and uncertainty (shutdown, geopolitics, data from China), investors are advised to exercise caution. As the new trading week approaches, it is beneficial to review stop-loss levels on key positions, assess the need for hedging (e.g., through gold or options), and prepare for potential price gaps at Monday's market open. A well-thought-out action plan will help navigate the new week effectively, regardless of developments.
Markets on November 8, 2025: Cryptocurrencies, Commodities, and Currencies
Cryptocurrencies: Bitcoin (BTC/USD) is correcting by -2.1% on Friday, dropping to $125,300, losing about $2,700 in a day. After hitting multi-month highs above $128,000 last week, the largest cryptocurrency faced profit-taking. Ethereum and other altcoins are also predominantly in the red, reflecting a decrease in risk appetite over the weekend.
Equity Indices and Futures:
- Shanghai Composite: 3,715.8 (+0.4%)
- Hang Seng Futures: 25,100 (+0.8%)
- Nikkei 225 Futures: 43,850 (+1.2%)
- Euro Stoxx 50 Futures: 5,410 (+0.3%)
- S&P 500 Futures: 6,450.5 (+0.1%)
Commodity Prices:
- Brent Oil: $67.20/barrel (+0.5%)
- Natural Gas (HH): $3.01/MMBtu (-0.3%)
- Gold: $3,389.50/ounce (-0.3%)
- Silver: $37.80/ounce (+0.2%)
- Copper: $4.47/pound (+0.4%)
- Nickel: $13,200/ton (-1.0%)
- Aluminum: $2,560/ton (-0.9%)
Forex Market:
- EUR/USD: 1.1625 (+0.1%)
- USD/RUB: 81.23 RUB (-0.2%)
