In-Depth Overview of Economic Events and Corporate Earnings for Tuesday, November 4, 2025. Earnings Reports from Uber, AMD, Pfizer, BP, and Other Companies, Market Forecasts, and Key Indicators for Investors.
Tuesday promises to be a busy day for global markets, as investors will need to monitor important macroeconomic events and a series of financial results from major companies. The economic calendar includes central bank decisions and the release of statistics from the U.S., Europe, Asia, and Russia. Concurrently, the earnings season for quarterly financial reports continues; the results from large corporations within the S&P 500, Euro Stoxx 50, Nikkei 225, and Russia's MOEX indices may set the tone for stock market dynamics in the U.S. and Europe. Below are the key events of the day and stock forecasts that investors should pay particular attention to this week.
Macroeconomic Events: U.S.
U.S.: The focus will be on labor and trade market data. The U.S. Department of Labor will release the JOLTS report on job openings, a crucial indicator of labor market health that can influence investor expectations regarding the Federal Reserve's policies. Analysts anticipate a further decline in job openings, which may indicate a cooling demand for labor. This could reinforce the view that the tightening of monetary policy is nearing its conclusion. Additionally, the trade balance for September will be published, with a moderate widening of the deficit anticipated, reflecting high volumes of imports from American consumers. Factory Orders data for September will also be released, which serves as an indicator of business activity in the manufacturing sector. Finally, in the afternoon, one of the Fed governors, Michelle Bowman, will deliver a speech regarding the monetary policy outlook. Any hints from Fed officials on future rate changes could induce fluctuations in the stock and currency markets.
Macroeconomic Events: Europe
Europe: In the morning, investors will focus on the speech by European Central Bank President Christine Lagarde. Her address may shed light on the ECB's future plans regarding interest rates in the context of a slowing economy and still high inflation. Concurrently, labor market data for the Eurozone will be released, with changes in unemployment figures expected, providing insights into the region's economic health. Analysts do not anticipate drastic changes: unemployment in Europe remains near multi-year lows, although a slight increase in unemployment figures may heighten concerns regarding a downturn in business activity. National indicators will also be released in several European countries: for instance, Switzerland will unveil its consumer sentiment index, and Bank of England representative Sarah Breeden will comment on financial stability in the UK. Overall, the U.S. and European markets will closely react to any signals from regulatory speeches, impacting euro and pound exchange rates as well as European stock indices.
Macroeconomic Events: Asia and Australia
Asia and Australia: In the Asia-Pacific region, the key event of the day will be the Reserve Bank of Australia (RBA) meeting. On Tuesday, the RBA will announce its interest rate decision. The consensus forecast suggests that the rate will remain unchanged, as the regulator is likely to pause amid signs of slowing inflation. However, investors will be looking for clues about future policy in the accompanying statement. Any surprises from the Australian central bank may significantly impact the Australian dollar and influence risk appetite in Asian markets. In Japan, the final PMI manufacturing index from Jibun Bank for October will be released in the morning. Although this is a final assessment (the preliminary data is already known), investors will note the dynamics of Japanese manufacturing amid the record high level of the Nikkei 225 index. Inflation data from other Asian countries will also be in focus; for example, South Korea will publish its consumer price index, which is essential for understanding trends in the regional economy. Data from Asia and Australia will set the tone for morning trading and may influence currencies in emerging markets.
Situation in Russia
Russia: On Tuesday, Russia celebrates a national holiday (Unity Day), so domestic markets and the MOEX exchange will be closed. There are no scheduled official macroeconomic publications for this date. However, Russian investors will monitor external factors such as oil price movements and the ruble's exchange rate against the dollar and euro in the international market to gauge local market sentiment following the long weekend. It is worth noting that midweek, Russia is set to release the S&P Global manufacturing PMI and soon publish fresh inflation data for October. In the meantime, the external economic calendar and the sentiments in the U.S. and European markets will be the key benchmarks for Russian investors.
Corporate Earnings: U.S.
On Tuesday, the active phase of the third-quarter 2025 corporate earnings season continues. In the U.S., several companies from the technology and consumer sectors will report before the market opens, including:
- Uber Technologies (transportation sector, notional S&P 500) – will present its third-quarter financial results **before the market opens**. Investors expect to see further progress in improving Uber's profitability. Analysts are forecasting revenue growth due to an increase in ride and delivery volumes, and they are counting on confirmation of the annual profit forecast. Improved performance from Uber could have a positive effect on sentiment in the tech and service sectors.
- Shopify (Canadian e-commerce platform) – will release its third-quarter report **before the market opens**. Key metrics include the volume of goods sold through the platform and subscription revenue growth. The outlook for Shopify stock remains neutral to positive, with moderate revenue growth expected amid stabilizing global online retail. Investors will also focus on management's comments regarding holiday season prospects and the development of tools for sellers.
- Spotify (streaming service) – will report **before the market opens**. The market is awaiting data on the increase in premium subscribers and advertising revenue dynamics. Following Spotify's earlier indication of achieving operational profitability, investors will be watching to see if the company can maintain its profitability. Strong results from Spotify could bolster confidence in the media sector, while disappointing results may heighten volatility among streaming service stocks.
- Pfizer (pharmaceutical, S&P 500) – one of the pharmaceutical giants will present quarterly results before the session begins. Revenue is expected to decline compared to the previous year due to falling sales of pandemic-related products and a general leveling off of demand. However, investors will be interested in the company’s forecasts for new drugs and the updated earnings-per-share outlook. Stable results from Pfizer could support indices within the healthcare sector, while disappointing results may raise concerns about the slowdown in the pharma market.
- Advanced Micro Devices (AMD) (semiconductors, S&P 500) – will report after the close of the main U.S. market. This is one of the most anticipated tech earnings reports of the day. The focus will be on sales figures for central and graphics processors, particularly for data centers and artificial intelligence. Analysts predict revenue growth for AMD, but investors will be particularly attentive to the company’s forecast for the next quarter and management's comments regarding competition with industry leader NVIDIA. AMD’s results will largely set the tone for the entire semiconductor sector the following day: strong earnings could push the Nasdaq and S&P 500 higher, while weak results may trigger sell-offs in the tech sector.
In addition to these companies, the American market is awaiting reports from other firms on Tuesday:
- Super Micro Computer (SMCI) – manufacturer of servers and data center equipment (reporting after the close). The company has been one of the beneficiaries of the AI business this year, so investors will assess whether the high revenue growth rates from AI server solutions are sustainable.
- Arista Networks (ANET, networking equipment) – will report after the close. Its results will reveal the demand for cloud infrastructure equipment. The market expects double-digit sales growth; however, business margins amid global competition will also be crucial.
- Astera Labs – a young tech company (chip developer for cloud and AI) recently listed on the stock exchange. The first public quarterly report from Astera Labs, expected after the market close, will attract the attention of venture investors and analysts: revenue growth rates and the company’s forecasts will be indicators for evaluating the prospects of this new player in the semiconductor industry.
- Beyond Meat (BYND, producer of plant-based meat alternatives) – will report in the evening. Investors will be seeking signs of demand recovery and loss reduction. Currently, the forecasts for Beyond Meat stock remain cautious: the alternative food products sector is experiencing a decline in interest, and the company will likely report a loss again. However, any improvements (such as a slowdown in sales decline or news of partnerships) could temporarily support stock prices.
- Marathon Digital Holdings (MARA, cryptocurrency mining) – will present results after the close. The quarter has seen a Bitcoin rally (BTC rising above $100,000, reaching historical highs around $110,000), so an improvement in Marathon’s financial performance is expected. Investors will evaluate the volume of Bitcoins mined and the profitability of the mining business. Strong results amid the crypto boom could drive MARA stock upwards, although cryptocurrency market volatility remains high.
- Kinross Gold (KGC, gold mining) – the Canadian gold mining company will report late in the evening. Gold prices have remained high in recent months, around $2000 per ounce, which should positively impact Kinross's profitability. The report from this gold producer will be critical for assessing the precious metals sector: investors will see how high gold prices convert into free cash flow and dividends.
- Axon Enterprise (AXON, public safety technology) – the manufacturer of Taser stun guns and body cameras for police will release its report after the market close. Market expectations include another quarter of double-digit revenue growth, driven by strong demand from law enforcement. Investors will focus on Axon’s order backlog and the development of subscription services (cloud storage for data from cameras) that support long-term growth for the company.
- Upstart Holdings (UPST, fintech) – will report after trading. This AI-based lending platform has faced difficulties due to high interest rates, which have reduced lending volumes. The market expects moderate improvement in performance: a possible reduction in losses or stabilization of revenue compared to last year. Upstart's results will serve as an indicator of the state of the consumer lending market in the U.S.; positive surprises may boost fintech stocks, while a weak report could heighten concerns regarding consumer debt burdens.
- Cava Group (CAVA, restaurant business) – an American chain of Mediterranean cuisine restaurants that recently went public will report late in the evening. Investors are hoping for a continuation of strong revenue growth trends through new openings and increased comparable sales. Profit figures will also be important: markets want to see a reduction in Cava's losses as the business scales. CAVA's report will serve as a gauge for sentiment in the food service sector and consumer demand in the U.S. market.
Corporate Earnings: Europe and Asia
Europe: Among European companies reporting on November 4, investors will pay particular attention to BP and Ferrari. The British oil and gas giant BP (part of the FTSE 100) will announce results for Q3. Analysts expect quarterly earnings per share of about $0.75 and stable cash flows, as oil prices during the summer months remained relatively high, around $70–80 per barrel. Investors will be keen to hear BP’s commentary on the outlook for the oil extraction industry and plans for share buybacks amid market volatility. Improved figures from BP could support the entire oil and gas sector on European exchanges, while weak results may lead to sell-offs in energy company stocks.
The Italian sports car manufacturer Ferrari (RACE) will also report on Tuesday. Despite the overall economic backdrop in Europe, demand for luxury cars from Ferrari remains high – the company consistently has a long list of orders for new models. Investors expect revenue and profit growth, driven by both increased delivery volumes and an expanding model range. Ferrari's margin figures will indicate how the company is managing cost inflation and investing in the electrification of its vehicles. A strong report from Ferrari could positively influence the stocks of other luxury sector companies, while any signs of slowing demand could temporarily dampen investor enthusiasm.
Among other international corporations, the media holding Thomson Reuters (TRI, Canada/UK) will also report on November 4, providing insights into the demand for financial analytics and business news. Additionally, American firm Vital Farms (VITL), a producer of natural food products, will also present its quarterly results, alongside several smaller companies whose market impact is limited.
Asia: Major Asian companies from the Nikkei 225 index will be less in focus on this day, but the upcoming report from Toyota Motor is noteworthy. Japan's largest automaker plans to publish its financial results for April–September 2025 shortly after, on November 5 (Tokyo time). Nevertheless, on Tuesday, investors will already be priced in expectations for Toyota: analysts predict a decline in the company’s quarterly profit to the lowest level since 2023, primarily due to rising supply chain costs and significant investments to support dealers and develop electric vehicles. The dynamics of Toyota’s stock and other automotive giants (e.g., Honda, Nissan) at the beginning of the week will reflect sentiments regarding the automotive industry in Asia. Additionally, several mid-tier tech company reports are expected in Hong Kong, but they will not significantly influence the global market. Thus, the Asian corporate agenda on November 4 is relatively calm, with regional investors primarily reacting to macro news and the situation on Wall Street.
Conclusion: Key Highlights for Investors
The upcoming Tuesday, November 4, 2025, is rich in events that could significantly influence sentiments in the stock and currency markets. The day's economic calendar combines the release of important macro data—ranging from labor market indicators in the U.S. to central bank decisions—and speeches from key regulatory figures shaping the direction of monetary policy. Simultaneously, **financial results** from a number of international companies will provide fresh benchmarks regarding the health of sectors such as technology, energy, consumer markets, and finance. Investors should be prepared for increased volatility this week; the combination of macroeconomic releases and corporate earnings could exacerbate fluctuations in stock indices (S&P 500, Euro Stoxx 50, Nikkei 225, MOEX) and currency rates.
Key points to watch closely include: signs of a weakening labor market in the U.S. (from the JOLTS report) and their potential impact on stock and bond projections; rhetoric from central bank heads (ECB and Fed) concerning future rates; and management outlook forecasts from leading companies regarding profits and revenue for the next quarter. Earnings reports from companies like AMD, Uber, Pfizer, and BP will not only reflect their individual performance but could also adjust projections for stocks across the entire sector—be it technology, healthcare, or energy. As global markets balance between optimism for easing inflation and fears of economic slowdown, a combination of strong macro data and positive corporate news could support investor risk appetite. Conversely, any negative surprises could amplify the shift towards defensive assets—gold, resilient dividend stocks, and safe-haven currencies.
Therefore, November 4 will be a day requiring maximal attention and flexibility from investors. It is advisable to adhere to diversification principles and closely monitor both economic indicators and corporate announcements. This will help in timely adjustments to investment strategies, balancing risk and return against rapidly changing market conditions.
