Weekly Overview November 17–21, 2025: Key Economic Events and Corporate Earnings Reports. Focus on NVIDIA, Walmart, Target, Inflation (CPI), PMI Indexes, Central Bank Decisions, and Global Market Investment Trends.
The upcoming week from November 17 to 21, 2025, promises a busy schedule of corporate earnings reports and key economic events. The earnings season continues as major companies from the U.S., Europe, Asia, and Russia prepare to release their quarterly reports. Investors worldwide are closely monitoring inflation (CPI) and business activity (PMI) metrics. These economic events could impact global stock indices—from the S&P 500 and Euro Stoxx 50 to the Nikkei 225 and the MOEX index. Let's outline what the stock market can expect day by day and which investment events merit attention from investors.
Monday, November 17, 2025
The week begins with a relatively calm backdrop: there are few major economic events, shifting investor attention to corporate reports from Asia. Key earnings include those from Chinese technology and electric vehicle companies, which are capable of setting the risk appetite tone in the market.
Before the market opens:
- XPeng – a Chinese electric vehicle manufacturer, releasing its Q3 report. Investors will evaluate the sales growth rates of EVs following record deliveries for the quarter.
After the market closes:
- Trip.com Group – a leading online travel service in China. The results will reflect the state of tourism demand in Asia and could influence sentiment in the travel sector.
Economic Events (GMT+3):
- 02:50 – Japan's GDP for Q3 (preliminary data). Moderate economic growth is expected; any unexpected deviation could affect the Nikkei 225 and the yen's exchange rate.
- 16:30 – Canada’s Consumer Price Index (CPI) for October. Inflation data in Canada is crucial for understanding global inflation trends.
Investor Takeaway: Monday starts without major global shocks—economic events are limited, and stock indices may trade within a narrow range. The reports from XPeng and Trip.com will focus attention on China: strong results may sustain interest in Asian markets and technology stock investments. Overall, the investment community will assess the tone of the reports to gauge sentiment in the global stock market. Oil and commodity prices will also remain under scrutiny, as their fluctuations could impact energy stocks and the Russian market (MOEX) for the day in the absence of significant data.
Tuesday, November 18, 2025
Tuesday shifts focus to corporate earnings from the U.S. and China. Major corporate reports cover the retail sector, technology, and fintech, providing a snapshot of the economic state in both the U.S. and China. There are minimal macroeconomic publications, elevating the significance of corporate results.
Before the market opens:
- Home Depot – the largest home improvement retailer in the U.S. The Q3 report will reflect consumer spending trends on home repairs and construction amidst high interest rates.
- Medtronic – an international medical technology manufacturer. Revenue trends across medical segments and the company's forecast are vital, serving as indicators of demand in healthcare.
- Baidu – a leading Chinese search engine and AI company. Results will show revenue growth from online advertising and cloud services in China; Baidu's achievements in artificial intelligence attract global investor attention.
- Klarna – a Swedish fintech unicorn (Buy Now, Pay Later sector). Expected updates on financial performance and trends in the European fintech sector are important for assessing the industry's investment appeal.
- Weibo – a Chinese social media platform (analogous to X/Twitter). The report will provide insight into the advertising market and user activity in China.
After the market closes:
- Dolby Laboratories – an American audio technology manufacturer. Financial results from this technology sector company could influence evaluations of the entertainment industry and technology licensing.
Economic Events (GMT+3):
- 03:30 – Minutes from the Reserve Bank of Australia's November meeting. RBA comments on the economy and inflation shed light on future interest rate prospects in Australia.
Investor Takeaway: On Tuesday, market participants will focus on corporate earnings as economic events are minimized. Strong results from Home Depot may support retail sector stocks and U.S. indices (S&P 500, Dow Jones), indicating consumer spending resilience and the housing market's state. Reports from Baidu and Weibo will serve as barometers for China's technology sector—any surprises here may influence investor appetite for Chinese stocks and regional indices. Klarna's fintech report will provide insights into investments and demand for installment services in Europe. In the absence of significant macro data, equity markets will primarily react to corporate guidance tones and management commentary on year-end prospects.
Wednesday, November 19, 2025
Wednesday will be a key day of the week: major macroeconomic releases on inflation coincide with several reports from market leaders. Investors expect inflation data from the UK and the Eurozone, the FOMC minutes, and in the evening, the culmination of the earnings season: NVIDIA's results, which have become a symbol of the "AI boom." Amidst this, volatility may increase.
Before the market opens:
- Lowe’s – the second-largest DIY retailer in the U.S. The report will indicate whether demand for home improvement products has persisted; comparisons with Home Depot’s results will reveal sector trends.
- Target – one of the largest retail chains in the U.S. Investors are looking for sales and inventory data: Target’s results are an indicator of consumer demand in the essential goods and electronics sector, impacting the S&P 500.
- TJX Companies – owner of the discount chains T.J.Maxx and Marshalls. As a leader in the off-price segment, TJX will report on traffic and sales dynamics, which are vital amid changing consumer preferences towards cheaper products in inflationary times.
- Wix.com – a developer of cloud-based website creation platforms (Israel/U.S.). The results from this SaaS company will reflect small business demand for digital services and help gauge sentiment in the technology market.
After the market closes:
- NVIDIA – the Q3 report from the semiconductor industry leader and AI chip manufacturer. This report is the pinnacle of the season: a sharp increase in profit and revenue is expected due to the surging demand for AI equipment. NVIDIA's results could substantially sway the Nasdaq and the entire technology sector: investors will look to see if high expectations are justified or if signs of a slowdown in the "AI boom" will prompt profit-taking.
- Palo Alto Networks – an American cybersecurity leader. The Q1 financial results for FY2026 will reveal demand for cloud and network security solutions. Key metrics include revenue growth from subscriptions and the company's forecast, influencing the entire cybersecurity sector.
- Jack in the Box – a popular fast-food restaurant chain in the U.S. Financial results will indicate how inflation and shifting consumer expenditures are affecting the restaurant business and the fast-food segment.
Economic Events (GMT+3):
- 10:00 – Consumer Price Index (CPI) for October, UK. Inflation rates in Britain (year-over-year and month-over-month) are crucial for the Bank of England: a slowdown in CPI could amplify expectations for a pause or rate cuts.
- 13:00 – Consumer Price Index for October, Eurozone. Final assessment of inflation in the Eurozone. A slight decline in year-over-year inflation is expected, which is positive for the European Central Bank and markets.
- 18:30 – Weekly U.S. oil inventory report (EIA). Oil inventory data will indicate the condition of supply and demand balance in the oil market; sharp changes could reflect on oil prices and the shares of oil and gas companies.
- 22:00 – Minutes from the last FOMC meeting in the U.S. Investors will scrutinize the details of the Federal Reserve discussions: any signals regarding future interest rate policy or inflation assessment will impact bond yields, the dollar's exchange rate, and the overall dynamics of the U.S. stock market.
Investor Takeaway: Wednesday brings several signals for global markets. Morning inflation data from the UK and Eurozone will confirm the trend towards slowing inflation, potentially supporting European stock indices (Euro Stoxx 50) and strengthening the euro. However, the main intrigue of the day lies in NVIDIA's report after market close: the results and forecasts from this tech giant will shape investor sentiment towards growth stocks and the entire AI sector. If NVIDIA exceeds expectations, the Nasdaq and the broader S&P 500 may receive a new growth impulse; conversely, a disappointing report may increase volatility and lead to corrections in the technology sector. The FOMC minutes will provide insights into the Fed's stance on inflation and the state of the U.S. economy—this will influence strategic investments and might adjust rate expectations. For the Russian stock market, there are no significant internal drivers, so the dynamics of the MOEX index will largely depend on external factors—global market sentiments and oil prices.
Thursday, November 20, 2025
Thursday places the global retail sector and technology companies in the spotlight, alongside decisions from two central banks. The world’s largest retailer, Walmart, will report in the morning, setting the tone for the consumer sector, while major IT company results will be released in the evening. The macroeconomic agenda includes monetary decisions in China and South Africa, as well as U.S. housing market statistics—all of which assist in evaluating the global economy and investment climate.
Before the market opens:
- Walmart – the world's largest retail chain. The Q3 report (for financial year 2026) is a major event in the earnings season. Investors will assess sales growth in the U.S. (particularly in the food segment) and management comments on consumer behavior under inflationary conditions. Walmart's results could influence the broad market (consumer sector stocks in the S&P 500) and signal the "bottom-up" state of the U.S. economy.
- Bath & Body Works – an American retailer of fragrances and cosmetics. Its quarterly report will demonstrate trends in consumer demand for non-essential goods and the effectiveness of measures to maintain margins amid changing consumer preferences.
After the market closes:
- Gap Inc. – one of the largest clothing retail chains (brands include Gap, Old Navy, Banana Republic). Investors will observe the sales and inventory dynamics leading up to the holiday season: Gap's results will indicate how inflation and discounts are affecting margins in the fashion retail sector.
- Intuit – an American fintech company developing software (TurboTax, QuickBooks). The report for the first financial quarter will reveal demand for fintech services for small businesses and consumers. Intuit's forecast is crucial for evaluating sentiment in the technology services and software sector.
- Ross Stores – a large American discount retailer of clothing and home goods. Continuing the retail theme, Ross's results (off-price segment) will complement the picture following reports from Target and TJX: investors will compare traffic and sales metrics to determine if consumers continue to "switch to discounts" in pursuit of savings.
- Veeva Systems – a provider of cloud-based CRM solutions for the pharmaceutical industry. Veeva's report will reflect IT expenditures by pharma companies and may influence valuations across the business software sector, especially in the niche of cloud solutions for healthcare.
- Webull – a popular trading platform (online broker). The company is reportedly going public, and the market awaits its financial report. Investors will assess user base growth and trading activity, which characterizes retail investors' sentiment in the stock market.
Economic Events (GMT+3):
- 04:30 – Decision from the People's Bank of China on loan prime rates (LPR, November). It is expected that the benchmark rate will remain unchanged, but any surprises (such as a decrease in LPR) could affect the yuan, sentiments in Asian markets, and commodity currencies.
- 10:00 – Producer Price Index (PPI) for October, Germany. The dynamics of German PPI (a decrease year-over-year is expected) will confirm weakened inflationary pressure in Europe’s industrial sector, which is positive for prospects of reducing inflation (and rates) in the EU.
- 14:00 – South African Reserve Bank (SARB) interest rate decision meeting. The South African central bank is considering a rate cut amid cooling inflation. The SARB's decision is noteworthy concerning the trend of monetary policy easing in emerging markets.
- 16:30 – Initial jobless claims in the U.S. (weekly indicator). The U.S. labor market remains strong; however, a rise in claims may signal the beginning of cooling—investors monitor this indicator as a leading economic barometer.
- 18:00 – Existing home sales in the U.S. (October). Sales statistics will show how high mortgage rates are impacting buyer activity. A decline in sales will indicate ongoing cooling in the U.S. housing market.
Investor Takeaway: Thursday creates a rich mix of corporate and macro factors that may differently impact the investment climate. Walmart's morning report will set the tone: strong results from the world’s largest employer and retailer can inspire markets and bolster consumer sector stocks globally, while disappointments will raise concerns about consumer spending and inflation. Central bank decisions—especially a potential rate cut in South Africa—confirm the global trend towards easing policies where inflation is under control, which is generally favorable for emerging markets and risk appetite. However, it remains crucial for investors to maintain a selective approach: technology (Intuit, Veeva, Webull) and retail (Gap, Ross) will react to their own drivers. By the end of the day, volatility may increase, especially if new signals emerge from the Fed (via minutes) or unexpected news breaks. The Russian stock market on this day will primarily track external movements: stable oil prices and the positive effect of declining global inflation risks may support the MOEX index.
Friday, November 21, 2025
The final day of the week brings important global economic events while the corporate earnings season fades. Attention focuses on PMI business activity indices across several countries and inflation data from Japan, which will help assess the global economy as autumn comes to an end. There are fewer corporate reports, but investors will review the week's activities and adjust strategies ahead of the weekend.
Before the market opens:
- BJ’s Wholesale Club – an American chain of wholesale club stores (similar to Costco). BJ’s quarterly report will show sales dynamics from the warehouse retail format: investors will look at whether the influx of customers seeking to save on bulk purchases continues, potentially indicating a shift in consumer habits amid inflation.
After the market closes:
- There are no major companies reporting on this day.
Economic Events (GMT+3):
- 02:30 – Consumer Price Index (CPI) for October, Japan. Year-over-year inflation in Japan is expected to have slightly accelerated for the second consecutive month (~3%), remaining above the target level. The CPI figure will impact expectations regarding the Bank of Japan’s policy and could reflect on the yen's exchange rate and sentiments in the Tokyo stock market (Nikkei 225).
- 10:00 – Retail sales for October, UK. Retail sales statistics in Britain will reveal whether consumers have started to spend more actively as autumn arrives. An increase in the indicator may boost the pound and shares of British retailers, while weak data will heighten discussions about demand stagnation.
- 12:00 – Preliminary PMI business activity indices for November, Eurozone (manufacturing and services). A slight improvement in the eurozone PMI is expected, although the indicator remains around 50 points. These economic events are vital: an increase in PMI will provide hope for an acceleration in EU economic growth, while disappointment will exacerbate recession concerns.
- 12:30 – PMI indices in the manufacturing and services sectors of the UK (November, preliminary data). Business activity in Britain remains in focus—PMI stability around past levels will demonstrate that the economy is adapting, while declines will heighten pressure on the Bank of England to stimulate growth.
- 17:45 – PMI indices (preliminary) for the U.S. manufacturing and services sectors. Publication from S&P Global: figures are expected to be around October's levels. These indices will provide an operational view of economic activity in the U.S. for November: strengthening PMI may push cyclicals higher, while declines could increase concerns about an economic slowdown in Q4.
Investor Takeaway: On Friday, markets will digest a broad array of macroeconomic information. PMI indices from the U.S., Europe, and the UK will help evaluate how confidently global businesses are entering the final quarter of the year. For equity markets, a positive scenario will entail increasing PMIs and improving business sentiment—this will support cyclical company stocks and set an optimistic tone ahead of the new week. However, should business activity disappoint, investors might shift to defensive assets amid growth slowdown fears—especially as inflation (for instance, in Japan) remains elevated. Nonetheless, the decline in inflation across most regions and signs of its control (from the UK to the Eurozone) instill confidence that global central banks will refrain from tightening policies. Combined with the winding down of the earnings season, this creates conditions for a more predictable market. As the week concludes, oil prices may react to the PMI: weak activity may indicate reduced demand for energy resources and could temporarily pressure crude prices. Consequently, both private and institutional investors will recap the week, balancing between optimism stemming from reduced inflation risks and caution regarding growth rates as they plan their year-end investments.
