Weekly Overview November 17–21, 2025: Key Economic Events and Corporate Reports. Spotlight 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 rich flow of corporate earnings reports and significant economic events. The earnings season continues, with major companies from the U.S., Europe, Asia, and Russia set to present their quarterly results, while investors worldwide keep an eye on inflation (CPI) and business activity (PMI) indicators. These economic events could influence global stock indexes—from the S&P 500 and Euro Stoxx 50 to the Nikkei 225 and the Moscow Exchange index. Let’s take a day-by-day look at what to expect from the stock market and what events investors should focus on.
Monday, November 17, 2025
At the start of the week, a relatively calm backdrop prevails, with few major economic events, leading investors to turn their attention to Asian corporate reports. Among the key corporate earnings are those from Chinese technology and electric vehicle companies, which could set the tone for risk appetite in the market.
Before Market Opens:
- XPeng – A Chinese electric vehicle manufacturer reporting Q3 numbers. Investors will assess the growth rates of EV sales following record deliveries for the quarter.
After Market Closes:
- Trip.com Group – A leading online travel service in China. Results will indicate the state of travel demand in Asia and could reflect on sentiment in the travel sector.
Economic Events (Moscow time):
- 02:50 – Japan's GDP for Q3 (preliminary data). Moderate economic growth is expected; any unexpected deviation could impact the Nikkei 225 and the yen exchange rate.
- 16:30 – Canada’s Consumer Price Index (CPI) for October. Inflation data in Canada is critical for understanding global inflation trends.
Investor Takeaway: Monday starts without major global shocks—economic events are limited, and stock indexes may trade within a narrow range. The reports from XPeng and Trip.com will focus attention on China: strong results could sustain interest in Asian markets and technology stocks. Overall, the investment community will evaluate the tone of the reports to gauge sentiment in the global stock market. Oil and commodity prices will also remain under scrutiny, as, in the absence of significant data, they could influence energy stocks and the Russian market (MOEX) on this day.
Tuesday, November 18, 2025
On Tuesday, the focus shifts to U.S. and Chinese corporate earnings. Major corporate reports cover the retail sector, technology, and fintech, providing a snapshot of the economic health in the U.S. and China. There are minimal macroeconomic publications; therefore, corporate results take center stage.
Before Market Opens:
- Home Depot – The largest home improvement retailer in the U.S. Q3 results will show trends in consumer spending on home repairs and construction against a backdrop of high rates.
- Medtronic – An international medical technology manufacturer. Investors will watch revenue dynamics across medical segments and the company's forecast as an indicator of healthcare demand.
- Baidu – A leading Chinese search engine and AI company. Results will reflect revenue growth in online advertising and cloud services in China; Baidu's successes in artificial intelligence attract global investor attention.
- Klarna – A Swedish fintech unicorn (Buy Now Pay Later sector). An update on financial metrics is expected, assessing trends in Europe’s fintech sector, essential for evaluating the industry's investment attractiveness.
- Weibo – A Chinese social network (analog of X/Twitter). Results will provide insights into the advertising market and user activity in China.
After Market Closes:
- Dolby Laboratories – An American producer of audio technologies. This firm’s financial results could influence assessments of the entertainment industry and technology licensing.
Economic Events (Moscow time):
- 03:30 – Minutes from the Reserve Bank of Australia's (RBA) November meeting. RBA comments on the economy and inflation shed light on future interest rate prospects in Australia.
Investor Takeaway: On Tuesday, market participants focus on corporate earnings as economic events are minimized. Strong results from Home Depot may bolster retail sector stocks and U.S. indexes (S&P 500, Dow Jones), indicating consumer spending resilience and the state of the housing market. Baidu and Weibo's reports will serve as a barometer for China's tech sector—any surprises here will impact investor appetite for Chinese stocks and regional indexes. 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 respond to the tone of corporate forecasts and management commentary on year-end prospects.
Wednesday, November 19, 2025
Wednesday will be a key day of the week: important macroeconomic releases on inflation coincide with several reports from industry leaders. Investors are looking for inflation data from the UK and eurozone, the Fed’s minutes, and in the evening, the culmination of the earnings season: results from NVIDIA, a symbol of the "AI boom." Amid this backdrop, volatility may rise.
Before Market Opens:
- Lowe’s – The second-largest DIY retailer in the U.S. The report will show whether demand for home goods has been maintained; a comparison with Home Depot’s results will indicate sector trends.
- Target – One of the largest retail chains in the U.S. Investors are awaiting data on sales and inventory: Target's results are an indicator of consumer demand in the essential goods and consumer electronics sector, impacting the S&P 500.
- TJX Companies – Owner of discount retailer chains T.J.Maxx, Marshalls. As a leader in the off-price segment, TJX will report on traffic and sales dynamics, essential amid consumers shifting preferences towards cheaper goods due to inflation.
- Wix.com – Developer of a cloud-based website building platform (Israel/U.S.). The results from this SaaS company will reflect small businesses’ demand for digital services and help assess sentiment in the tech market.
After Market Closes:
- NVIDIA – Q3 earnings report from the semiconductor industry leader and AI chip frontrunner. This report is the culmination of the earnings season: significant profit and revenue growth is expected due to surging demand for AI equipment. NVIDIA's results have the potential to drastically shift the Nasdaq and the entire tech sector: investors will assess whether the high expectations are justified or if signs of a slowdown in the "AI boom" will trigger profit-taking.
- Palo Alto Networks – An American cybersecurity leader. Q1 FY2026 results will show the state of demand for cloud and network security solutions. Key metrics will 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 changes in consumer spending affect the restaurant business and the fast-food segment.
Economic Events (Moscow time):
- 10:00 – Consumer Price Index (CPI) for October, UK. Inflation rates in the UK (annual and monthly) are critical for the Bank of England: a slowing CPI could bolster expectations for a pause or rate cut.
- 13:00 – Consumer Price Index for October, eurozone. Final assessment of inflation in the euro area. A slight decline in annual inflation is expected, which is positive for the European Central Bank and European markets.
- 18:30 – Weekly U.S. oil inventory report (EIA). Oil inventory data will indicate the balance of supply and demand in the oil market; sharp changes could impact oil prices and shares of oil and gas companies.
- 22:00 – Minutes from the last FOMC meeting (Fed). Investors will analyze the details of the Federal Reserve's discussions: any signs about future interest rate policy or inflation assessments will affect bond yields, the dollar exchange rate, and the overall dynamics of the U.S. stock market.
Investor Takeaway: Wednesday holds multiple signals for global markets. Morning inflation data from the UK and eurozone are expected to confirm a trend of slowing inflation, potentially supporting European stock indexes (Euro Stoxx 50) and strengthening the euro. However, the main intrigue of the day is NVIDIA’s report after the market closes: the results and forecasts from this tech giant will determine investor sentiment regarding growth stocks and the entire AI sector. If NVIDIA exceeds expectations, the Nasdaq and broader S&P 500 will gain new upward momentum; on the contrary, disappointing results might increase volatility and trigger a correction in the tech sector. The FOMC minutes will provide further insights into the Fed’s perspective on inflation and the state of the U.S. economy—this will impact strategic investments and might adjust rate expectations. For the Russian stock market, there are no significant internal drivers, so the dynamics of the Moscow Exchange index will largely depend on external factors—global market sentiment and oil prices.
Thursday, November 20, 2025
On Thursday, the focus of investors will be on the global retail sector and technology companies, as well as decisions from two central banks. In the morning, results from the world’s largest retailer, Walmart, will set the tone for the consumer sector, while in the evening, earnings from major IT companies will be released. The macroeconomic agenda includes monetary decisions in China and South Africa, as well as U.S. housing market statistics—all of which help assess the state of the global economy and the investment climate.
Before Market Opens:
- Walmart – The world’s largest retail chain. The Q3 earnings report for the fiscal year 2026 (before the U.S. market opens) is the most crucial event of the earnings season. Investors will evaluate sales growth in the U.S. (especially in the food segment) and management commentary on consumer behavior amid inflation. Walmart's results could significantly influence the broader market (consumer sector stocks in the S&P 500) and provide insight into the U.S. economy from the grassroots level.
- 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 Market Closes:
- Gap Inc. – One of the largest clothing retail chains (brands include Gap, Old Navy, Banana Republic). Investors will watch for sales dynamics and inventory levels before the holiday season: results from Gap will show how inflation and discounts affect margins in fashion retail.
- Intuit – An American fintech company that develops software (TurboTax, QuickBooks). The Q1 earnings report will reveal demand for fintech services for small businesses and consumers. Intuit's forecast is vital for assessing sentiment in the tech services and software sector.
- Ross Stores – A major American clothing and home goods discount retailer. Continuing the retail theme, Ross's results (in the off-price segment) will complement the picture after reports from Target and TJX: investors will compare traffic and sales figures to see if consumers continue to "switch to discounts" in pursuit of savings.
- Veeva Systems – Provider of cloud CRM solutions for the pharmaceutical industry. Veeva's report will reflect pharmaceutical companies' IT spending and may influence valuations in the business software sector, particularly in the cloud solutions niche for healthcare.
- Webull – A popular trading platform (online broker). Reports suggest the company has gone public, and now the publication of its financial report is anticipated. Investors will assess growth in the user base and trading activity, which characterizes the mood of retail investors in the stock market.
Economic Events (Moscow time):
- 04:30 – Decision from the People's Bank of China regarding lending rates (LPR, November). A maintenance of the benchmark lending rate is expected, but any surprises (such as a rate cut) will impact the yuan, market sentiment in Asia, and commodity currencies.
- 10:00 – Producer Price Index (PPI) for October, Germany. The dynamics of the German PPI (expected to decline year-on-year) will confirm the weakening inflationary pressure in Europe’s industry, which is positive for prospects of reducing inflation (and rates) in the EU.
- 14:00 – South African Reserve Bank (SARB) meeting on interest rates. The South African central bank is considering a rate cut amidst slowing inflation. SARB's decision is significant in terms of the trend toward 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 watch this indicator as a leading economic sign.
- 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 presents a rich mix of corporate and macro factors capable of influencing the investment climate in various ways. The morning report from Walmart will set the tone: strong results from the world’s largest employer and retailer may inspire markets and boost consumer sector stocks globally, while disappointment will amplify concerns about consumer spending and inflation. Central bank decisions—especially a potential rate cut in South Africa—confirm the global trend toward easing policies where inflation is under control, which is generally favorable for emerging markets and risk appetite. However, it’s essential for investors to maintain a selective approach: technology (Intuit, Veeva, Webull) and retail (Gap, Ross) will react to their own drivers. Volatility may increase towards the end of the day, especially if new signals from the Fed emerge (via the minutes) or unexpected news breaks. The Russian stock market on this day primarily tracks external movements: stable oil prices and positive developments from lower global inflation risks could support the Moscow Exchange index.
Friday, November 21, 2025
The final day of the week brings important global economic events, as the corporate earnings season winds down. Focus will be on PMI indexes across several countries and inflation data from Japan, which will help assess the state of the global economy as autumn comes to an end. There are fewer corporate reports, but investors will draw conclusions from a busy week and adjust strategies ahead of the weekend.
Before Market Opens:
- BJ’s Wholesale Club – An American chain of wholesale club stores (analog of Costco). BJ’s quarterly report will show sales dynamics in "warehouse" retail format: investors will examine whether the influx of customers looking to save on bulk purchases continues, which could indicate shifts in consumer habits amid inflation.
After Market Closes:
- No major companies are reporting on this day.
Economic Events (Moscow time):
- 02:30 – Consumer Price Index (CPI) for October, Japan. Japan’s annual inflation is forecasted to have slightly accelerated for the second consecutive month (~3%), but remains above the target level. The CPI figure will impact expectations regarding the Bank of Japan’s policy and may reflect on the yen exchange rate and sentiments in the Tokyo stock market (Nikkei 225).
- 10:00 – Retail sales for October, UK. Sales statistics in the British retail sector will show whether consumers have begun to spend more actively as autumn sets in. An increase in this figure may support the pound and shares of British retailers, while weak data will intensify discussions about stagnating demand.
- 12:00 – PMI indexes (preliminary) for November, eurozone (manufacturing and services). A slight improvement in eurozone PMI is expected, but the figure is still around 50 points. These economic events are significant: an increase in PMI will provide hope for an accelerating EU economy, while disappointing results will heighten recession fears.
- 12:30 – PMI indexes in the manufacturing and service sectors in the UK (November, preliminary data). Business activity in the UK remains in focus—stability in PMI around previous levels will show that the economy is adapting, while a decline will increase pressure on the Bank of England to stimulate growth.
- 17:45 – PMI indexes (preliminary) in manufacturing and services, U.S. Publication from S&P Global: figures are expected to be around October’s levels. These indexes will provide a timely view of economic activity in the U.S. in November: strengthening PMI could push stock prices of cyclical companies higher, while a decline may raise concerns over economic slowdown in Q4.
Investor Takeaway: On Friday, markets will digest a comprehensive block of macroeconomic information. PMI indexes from the U.S., Europe, and the UK will allow assessment of how confidently global businesses are entering the final quarter of the year. For stock markets, a positive scenario will be an increase in PMI and improved enterprise sentiments—this will support shares of cyclical companies and set an optimistic tone heading into the new week. However, if business activity disappoints, investors may shift to defensive assets, fearing a slowdown in growth, especially as inflation (for example, in Japan) remains elevated. Nevertheless, declining inflation across most regions and signs of control (from the UK to the eurozone) instill confidence that global central banks will not tighten policies. Coupled with the winding down of the earnings season, this creates conditions for a more predictable market. By the end of the week, oil prices may react to PMI: weak activity will indicate reduced demand for energy resources and could temporarily pressure oil quotes. Ultimately, both private and institutional investors will evaluate the week, balancing optimism from reducing inflationary risks with caution regarding growth rates and planning their year-end investments.
