Key Economic Events and Corporate Earnings for the Week of October 20-26, 2025

Comprehensive Overview of Key Macroeconomic Events and Corporate Reporting for the Week of October 20-26, 2025: Tesla, Netflix, Coca-Cola, Intel, China's GDP, and the Central Bank of Russia's Rate Decision

Monday, October 20

The new week will kick off with significant data from Asia and the first major reports of the earnings season. The day's key macroeconomic event will be the statistics from China, which could set the tone for global markets, while in the evening, investors will assess the reports from U.S. industrial companies. The following key data and reports will be released:

China's Q3 GDP: China will announce its economic growth rates for the quarter, along with data on retail sales and industrial production. This is an important barometer of the health of the world's second-largest economy, affecting commodity markets and investor sentiment globally.
New Zealand Consumer Price Index: This inflation indicator from New Zealand may impact the New Zealand dollar's exchange rate and expectations regarding the interest rate from the RBNZ.
Steel Dynamics Earnings (USA): One of the largest steel producers in the U.S. will report its quarterly results. Analysts anticipate an improvement in profit forecasts due to high steel prices and increased demand in the automotive sector.
Cleveland-Cliffs Earnings (USA): A major U.S. steel conglomerate will report amid volatile steel prices. Investors will look for signs of loss reduction and how trade tariffs support the domestic steel market.
W.R. Berkley Earnings (USA): An S&P 500 insurance company will publish its financial results, focusing on insurance premiums and investment income in the context of changing interest rates.
Crown Holdings Earnings (USA): A global consumer packaging manufacturer will present its quarterly results. The data will provide insight into the demand for packaging in the food and beverage industry.

Thus, Monday’s combination of strong Chinese statistical data and initial reports from the U.S. industrial sector will set the tone for the entire start of the week. Investors will evaluate whether the data from China meets expectations and if corporate results can bolster sentiment in the equity markets.

Tuesday, October 21

On Tuesday, the focus will shift to corporate reports from leading consumer sector and technology companies, as well as inflation indicators in various economies. The day's information backdrop will be rich, from morning releases in Europe to key U.S. reports after market closure. Key events to watch:

Coca-Cola Earnings (USA): The global leader in beverages (a Dow Jones company) will disclose its financial results. Investors will seek revenue growth, trends in soft drink sales, and management's comments on the impact of inflation on costs.
Netflix Earnings (USA): One of the tech giants in the S&P 500 will announce its Q3 results (after market close). The focus will be on subscriber growth, advertising model successes, and profit forecasts for the next quarter, significantly impacting sentiment in the tech and media sectors.
Lockheed Martin Earnings (USA): The largest defense corporation will present its quarterly results. Market participants expect stable revenue from government contracts and comments on new orders in light of the geopolitical situation.
General Motors Earnings (USA): The automotive giant will report on profit and revenue. Special attention will be paid to electric vehicle sales, supply chain situations, and any updates to annual forecasts.
Philip Morris Earnings (USA/Europe): The multinational tobacco company will release results, providing insights into consumer demand for traditional and electronic cigarettes in developed and developing markets.
Texas Instruments Earnings (USA): One of the largest semiconductor manufacturers will report after market close. TI's results will serve as an indicator of chip demand in industry and electronics; investors expect signals regarding the semiconductor sector's outlook.
Capital One Earnings (USA): A major financial holding (credit cards and banking) will publish its quarterly profit. The results will reflect trends in consumer spending and the quality of the credit portfolio amid changing interest rates.
Inflation Data from Canada: The consumer price indices (overall and core) for Canada will be released. This is an important indicator influencing the Canadian dollar's exchange rate and the Bank of Canada's policy, particularly in the context of global inflation trends.
Christine Lagarde Speech: ECB President Christine Lagarde will deliver a speech on Tuesday. Any hints about future monetary policy in the eurozone or comments on inflation will be closely analyzed by bond and currency markets.

By the end of the day, investors will assess the strength of consumer trends and the technology sector: the results of corporate reporting from companies like Netflix and Coca-Cola will set the direction for stocks in their respective industries. Concurrently, the response from central banks (via the ECB and the Bank of Canada) to the latest macroeconomic data will shed light on future interest rate prospects.

Wednesday, October 22

On Wednesday, investors’ attention will be divided between major corporate reports in the U.S. and Europe and critical inflation statistics. The day promises to be rich in news: morning inflation data from the UK will be released, leading European and American companies will report during the day, and evening will bring anticipated tech earnings. Key events for Wednesday:

UK Consumer Price Index: In the morning, inflation data for the UK for September (overall CPI and core) will be released. This release is critical for the Bank of England and could influence the pound’s exchange rate, shaping expectations for the regulator’s next steps.
Barclays Earnings (UK): One of the largest banks in the UK (part of the FTSE 100 and Euro Stoxx 50) will present its Q3 financial results. Investors will analyze the bank's margin, lending volumes, and provisions against the backdrop of changing interest rates in the UK.
SAP Earnings (Germany): The European technology giant and market leader in enterprise software (part of the DAX and Euro Stoxx 50) will publish its quarterly report. Cloud services growth is expected; SAP's results will indicate trends in corporate IT spending across Europe.
Heineken Earnings (Netherlands): The world's second-largest brewing company will report its revenues. The data will show how changing consumer habits and declining beer demand in Europe affect revenues and the company’s plans for the non-alcoholic segment.
Tesla Earnings (USA): One of the most anticipated corporate reports of the week—electric vehicle manufacturer Tesla will disclose its Q3 results after market closure. The focus will be on delivery volumes, automotive margins, and Elon Musk's demand forecasts. These metrics could significantly impact the entire technology sector and the automotive sector in the U.S.
IBM Earnings (USA): The technology giant in the Dow Jones will present its results. Investors expect updates on the cloud services and artificial intelligence segments that IBM is developing to sustain revenue growth.
AT&T Earnings (USA): The telecom giant will report on profit and revenue. Key metrics will include mobile subscriber growth for 5G and broadband business development, as well as comments on the company's debt load.
Lam Research Earnings (USA): A major semiconductor equipment manufacturer will report after market close. Lam's results and forecasts will serve as indicators for the entire semiconductor sector, reflecting demand from chipmakers and investments in chip manufacturing.

Wednesday will be one of the busiest days of the week. Early indicators on UK inflation and Barclays' earnings will set the tone in Europe, while evening releases from S&P 500 leaders—especially Tesla—could lead to significant fluctuations in the technology sector across global markets. Investors will need to assess whether actual company earnings meet expectations and how the macroeconomic situation (UK inflation, etc.) may adjust profit forecasts for upcoming periods.

Thursday, October 23

On Thursday, the focus will shift to central bank decisions and reports from major companies in the industrial and consumer sectors. Early in the morning, investors will turn their attention to Asia and Europe, where two central banks' meetings are anticipated, while a wave of corporate publications and important statistics will continue throughout the day in the U.S. Key events on Thursday:

Turkey's Central Bank Rate Decision: Turkey's central bank will announce its new key interest rate. Amid rising inflation in Turkey, investors expect continued tight monetary policy. The Turkish central bank's decision will impact the Turkish lira and may reflect sentiment in emerging markets.
Korean Bank Decision: The Bank of Korea will hold a monetary policy meeting. The regulator's decision on whether to maintain the current rate amid economic slowdown will be crucial for Asian stock markets.
Unilever Earnings (UK): One of the world's leaders in the fast-moving consumer goods segment will release its quarterly trading statement. Unilever's sales growth indicators will signal the state of consumer demand across Europe, Asia, and America, as well as the impact of price increases on sales volumes.
Lloyds Banking Group Earnings (UK): A major UK bank will report its profit. Investors will study trends in interest income and the state of the loan portfolio amid high interest rates in the UK.
T-Mobile US Earnings (USA): The telecom operator from the S&P 500 will present results before market opening. Key indicators will include growth in mobile subscribers and 5G expansion, as well as an assessment of market competition in mobile services in the U.S.
Intel Earnings (USA): The largest semiconductor manufacturer will publish its report after market closing. Special attention will be on the data center segment and forecasts for new chip releases. Intel's results may significantly influence the entire technology sector and projections for the recovery of the semiconductor market.
Union Pacific Earnings (USA): The leading railroad company will present its quarterly profit. Data on freight volumes and cargo turnover will serve as indicators of economic activity in the U.S., especially in industry and agriculture.
U.S. Labor Market Statistics: The U.S. Department of Labor will release weekly figures on initial and continuing unemployment claims. These figures will help assess the state of the U.S. labor market amid discussions about the Federal Reserve's monetary policy outlook.
U.S. Business Activity (Regional Indices): Regional manufacturing activity indices will be released, including the Philadelphia Fed index for October. Their dynamics will indicate the condition of the U.S. industrial sector at the beginning of Q4.

Thursday's combination of multiple central bank decisions and extensive corporate earnings will create a rich news backdrop. Especially important for CIS investors will be the Turkish regulator's decision, as Turkey is a major emerging economy. U.S. labor market data and Intel's report in the evening may adjust expectations for the Fed's rate and influence technology stocks in the last session of the week.

Friday, October 24

The last working day of the week will be characterized by global business activity data and significant decisions for the Russian market. A series of PMI indices from various countries will be released in the morning, followed by a focus on the decision from the Bank of Russia, and the week will conclude with a block of statistics from the U.S. Key events on Friday:

PMI Indices (Eurozone, UK, USA): Preliminary S&P Global business activity indices for October will be published—both in the manufacturing sector and services for key European and American economies. These indicators will show whether the global economy is improving heading into Q4 or if the trend of slowing growth persists.
Japan's Inflation Data: The national consumer price index (overall and core) for September. These figures impact expectations regarding the Bank of Japan's policy, as sustained price growth may intensify discussions about tapering ultra-loose monetary policy in Tokyo.
Russia's Central Bank Rate Decision: The meeting of the Russian central bank is the central event of the day for the domestic market. The regulator will consider the interest rate level amid high inflation and ruble volatility. An interest rate hike could support the ruble's exchange rate and stimulate interest in bonds; conversely, maintaining current parameters would signal the central bank's assessment of price stabilization.
Press Conference by the Head of the Central Bank of Russia: Elvira Nabiullina will provide comments and answer questions following the rate decision. Investors will closely monitor the rhetoric of the head of the Bank of Russia concerning inflation prospects, the ruble's exchange rate, and the state of the Russian economy.
Honeywell Earnings (USA): An industrial conglomerate (aerospace systems, industrial automation) will report before the market opens. Honeywell's results will provide insights into demand for industrial equipment and aviation components, as well as the impact of rising raw material prices on the company's margin.
Procter & Gamble Earnings (USA): The world's largest FMCG company will publish its quarterly report. Investors will assess growth in sales of mass-market goods, the impact of price increases on volumes, and P&G's business prospects amid changing consumer spending patterns.
Ford Motor Earnings (USA): The automotive group will present its financial results. Profitability in Ford's North American business, costs associated with the transition to electric vehicles, and the situation in auto production—especially following recent industry events (e.g., strikes or supply disruptions)—will be analyzed.
General Dynamics Earnings (USA): The American defense corporation (a manufacturer of aerospace products, armaments, and ships) will report quarterly sales and profits. The market expects steady performance amid increasing defense spending, and GD's results will impact the entire defense industry segment.
HCA Healthcare Earnings (USA): The largest network of private hospitals in the U.S. will publish its results. HCA's financial metrics will reflect trends in healthcare: hospital occupancy rates, expenses, and the impact of government healthcare insurance programs.
U.S. Consumer Sentiment Indices: Final data from the University of Michigan on consumer confidence and inflation expectations in October will be released. Improvement or deterioration in these sentiments can affect retail sales forecasts and overall assessments of the U.S. economy.
Oil Market – Rig Count: In the evening, Baker Hughes will release the weekly count of active oil rigs in the U.S. While this metric is secondary, the trend in drilling activity can influence expectations for oil production and, indirectly, prices for energy resources.

On Friday, the combination of global macroeconomic events and the concluding wave of corporate earnings will shape investor sentiment ahead of the weekend. The Central Bank of Russia's decision will be pivotal for the Russian market: any change in the rate will reflect on the ruble exchange rate and bond yields. Meanwhile, the PMI data and earnings from companies like Honeywell and P&G will provide a comprehensive picture of whether the global economy is gaining momentum as the year winds down or if risks of slowing remain. Investors will conclude the week grappling with this influx of news and aligning it with their investment forecasts.

Weekend, October 25-26

Significant market events are not scheduled for Saturday and Sunday, but it is worth noting the transition of several nations to winter time. On Sunday, October 26, European markets (Eurozone, UK, Switzerland) will set their clocks back one hour. This means that starting next week, the time difference between Moscow and the financial capitals of Europe and the U.S. will change, which is important to consider when tracking the opening and closing of trading sessions. The new week will be greeted by markets taking into account all the signals received during the period from October 20 to 26, with investors preparing for the upcoming events and reports on the horizon.