Detailed Overview of Economic Events and Corporate Reports for Tuesday, November 4, 2025. Reports from Uber, AMD, Pfizer, BP, and Other Companies, Market Forecasts, and Key Indicators for Investors.
Tuesday promises to be a bustling day for global markets, requiring investors to monitor significant macroeconomic events and a series of financial results from major corporations. The economic calendar includes central bank decisions and releases of statistics from the United States, Europe, Asia, and Russia. Concurrently, the quarterly earnings season continues, with results from the largest corporations in the S&P 500, Euro Stoxx 50, Nikkei 225, and Russia's MOEX potentially setting the tone for stock market dynamics in the US and Europe. Below are the key events of the day and stock forecasts that investors should pay special attention to this week.
Macroeconomic Events: USA
USA: Attention will be fixed on labor market and trade data. The US Department of Labor will publish the JOLTS report on job openings—an important indicator of labor market conditions that could influence investor expectations concerning Federal Reserve policy. Analyst forecasts suggest a further decline in open positions, signaling a cooling demand for labor. This may reinforce the sentiment that monetary tightening is nearing its conclusion. Additionally, the September trade balance will be released, with a moderate widening of the deficit expected, reflecting high import volumes from American consumers. Furthermore, factory orders for September will be published—an indicator of industrial business activity. Finally, in the afternoon, one of the Fed’s governors, Michelle Bowman, will deliver a speech on the prospects for monetary policy. Any hints from Fed officials regarding future rate changes could cause volatility in the equity and currency markets.
Macroeconomic Events: Europe
Europe: Investors will focus on a speech by European Central Bank President Christine Lagarde in the morning. Her remarks could shed light on the ECB’s future plans regarding interest rates in the context of a slowing economy and still-high inflation. Alongside this, labor market data from the Eurozone is expected, including changes in unemployment figures, providing insight into the region’s economic standing. Analysts are not anticipating significant changes; unemployment in Europe remains near multi-year lows. However, even a slight increase in the unemployment rate may heighten fears of a decline in business activity. National indicators from specific countries will also be released: for instance, Switzerland will publish its consumer climate index, and Bank of England representative Sarah Breeden will comment on financial stability in the UK. Overall, US and European markets will closely react to any signals from the regulators’ speeches, which could influence the euro and pound 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 a meeting of the Reserve Bank of Australia (RBA). On Tuesday, the RBA is expected to announce its interest rate decision. The consensus forecast suggests maintaining the rate unchanged, as the regulator is likely to take a pause amidst signs of slowing inflation. However, investors will be looking for clues regarding future policy in the accompanying statement. Any surprises from the Australian central bank could significantly impact the Australian dollar and affect risk appetite in Asian markets. In Japan, the final PMI manufacturing index from Jibun Bank for October will be released in the morning. While this is the final assessment (preliminary data is already available), investors will note the momentum of Japanese manufacturing amid record-high levels in the Nikkei 225 index. Inflation trends in other Asian countries will also be in focus; for example, South Korea will publish the consumer price index, which is important for understanding regional economic trends. 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 observes a national holiday (Unity Day), so domestic markets and the MOEX exchange will be closed. No official macroeconomic publications are scheduled for this date. However, Russian investors will monitor external factors—the dynamics of oil prices and the ruble's exchange rates against the dollar and euro in the international market—to assess the sentiment when the local market reopens after the extended weekend. It’s worth noting that mid-week, Russia is set to publish the industrial PMI from S&P Global, as well as soon release fresh data on October inflation. For now, the international economic calendar and trends in US and European markets will be the main guiding indicators for Russian investors.
Corporate Earnings: USA
On Tuesday, the active phase of the third-quarter corporate earnings season for 2025 continues in the United States. Several high-tech and consumer companies are set to report before the main trading session:
- Uber Technologies (Transportation Services Sector, Index S&P 500) - will publish its third-quarter financial results **before the market opens**. Investors expect to see continued progress in Uber's business profitability. Analysts forecast revenue growth due to an increase in the number of rides and deliveries, along with confirmation of the annual profit forecast. An improvement in Uber's performance could positively influence sentiment in the tech and services 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 forecast for Shopify’s stocks remains neutral to positive, with moderate revenue growth expected amid stabilizing global online retail. Investors will also focus on management commentary regarding the holiday season and the development of tools for sellers.
- Spotify (Streaming Service) - will report **before the market opens**. The market anticipates data on the increase in premium subscribers and advertising revenue trends. Following Spotify’s earlier indications of achieving operating profitability, investors will be keen to see if the company can maintain profitability. Strong results from Spotify may bolster confidence in the media sector, whereas weak results may heighten volatility in the streaming services segment.
- Pfizer (Pharmaceutical, S&P 500) - one of the pharmaceutical giants will present quarterly results before the trading session. A decline in revenue compared to last year is expected, attributed to decreased sales of pandemic-related products and an overall normalization of demand. However, investors will be interested in the company's forecasts for new drugs and updated earnings per share projections. Steady results from Pfizer can support indices in the healthcare sector, while disappointing results could raise concerns regarding the slowing pharmaceutical market.
- Advanced Micro Devices (AMD) (Semiconductors, S&P 500) - will present its report after the US main market closes. This is one of the most anticipated tech earnings reports of the day. Sales performance of central and graphics processors, especially for data centers and artificial intelligence, will be in focus. Analysts anticipate revenue growth for AMD, but investors will scrutinize the company's forecast for the next quarter and management's comments regarding competition with market leader NVIDIA. AMD's results will largely set the tone for the semiconductor sector for the following day: a strong report could lift the Nasdaq and S&P 500, while a weak report may trigger sell-offs in the tech sector.
In addition, the American market awaits reports from other companies on Tuesday:
- Super Micro Computer (SMCI) - a manufacturer of servers and data center equipment (report 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 continue.
- Arista Networks (ANET, networking equipment) - will report after the close. Its results will indicate the demand for cloud infrastructure equipment. The market anticipates double-digit sales growth; however, the business’s margins amid global competition are also important.
- Astera Labs - a young technology company (developer of chips for the cloud and AI), which recently went public. The first public quarterly report from Astera Labs, expected after market close, will attract the attention of venture investors and analysts: revenue growth rates and the company’s forecasts will become indicators of market prospects for this new player in the semiconductor industry.
- Beyond Meat (BYND, maker of plant-based meat alternatives) - will report in the evening. Investors will be on the lookout for signs of demand recovery and loss reduction. Currently, forecasts for Beyond Meat’s stocks are cautious: the alternative food products industry is experiencing a decline in interest, and the company is likely to report losses again. Nonetheless, any improvements (such as a slowdown in sales decline or news of partnerships) could briefly support the stock prices.
- Marathon Digital Holdings (MARA, cryptocurrency mining) - will present results after the close. This quarter has seen a Bitcoin rally (BTC surpassed $100,000, reaching historic highs near $110,000), so improved financial indicators for Marathon are expected. Investors will evaluate the volume of mined Bitcoins and the profitability of the mining business. Strong results amid the crypto boom could push MARA shares up, though cryptocurrency market volatility remains high.
- Kinross Gold (KGC, gold mining) - a Canadian gold mining company will report late in the evening. Gold prices have been at high levels around $2,000 per ounce in recent months, which should positively affect Kinross's profits. The report from this gold producer is crucial for assessing the precious metals sector: investors will see how high gold prices translate into free cash flow and dividends.
- Axon Enterprise (AXON, public safety technology) - the manufacturer of Taser stun guns and wearable cameras for police will publish its report after the market closes. Market expectations are for another quarter of confident revenue growth at double-digit rates, driven by high demand from law enforcement. Investors will focus on Axon's order backlog and the development of subscription services (cloud storage for data from cameras), which support the company’s long-term growth.
- Upstart Holdings (UPST, fintech) - will report after trading. This AI-based lending platform has faced difficulties due to high rates reducing loan issuance volumes. The market anticipates moderate improvement in indicators: possibly a 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 US; positive surprises could boost fintech stocks, while a weak report could heighten concerns about consumer debt burdens.
- Cava Group (CAVA, restaurant industry) - an American chain of Mediterranean cuisine restaurants that recently went public will report late in the evening. Investors expect the continuation of a strong revenue growth trend due to new openings and increased comparable sales. Profitability metrics will also be significant: the markets want to see a reduction in Cava's losses as the business scales. The CAVA report will serve as a litmus test for sentiment in the restaurant sector and consumer demand in the US market.
Corporate Earnings: Europe and Asia
Europe: Among European companies reporting results on November 4, BP and Ferrari will draw particular investor attention. The British oil and gas giant BP (part of the FTSE 100) will announce third-quarter results. Analysts expect a quarterly earnings per share of around $0.75 and stable cash flows, as oil prices held relatively high levels around $70–80 per barrel during the summer months. BP's commentary regarding industry prospects and plans for share buybacks amidst market volatility will be of interest. Improved metrics from BP could support the entire oil and gas sector on European exchanges, whereas weak results may lead to sell-offs in energy stocks.
The Italian sports car manufacturer Ferrari (RACE) will also report on Tuesday. Despite the overall economic backdrop in Europe, demand for luxury vehicles from Ferrari remains high—the company consistently has a long list of orders for new models. Investors expect revenue and profit growth supported by increased delivery volumes and the expansion of the model range. Ferrari's margin metrics will indicate how the company is coping with cost inflation and investing in the electrification of its vehicles. A strong report from Ferrari could positively influence shares of other companies in the luxury sector, while any signs of demand slowdown may temporarily dampen investor enthusiasm.
Among other international corporations, on November 4, the media holding Thomson Reuters (TRI, Canada/UK) will report, providing information services. Its metrics are interesting in the context of demand for financial analytics and business news. Additionally, American company Vital Farms (VITL), a producer of natural food products, will publish its quarterly results, along with a number of smaller firms; however, their impact on the broader market is limited.
Asia: Large Asian companies from the Nikkei 225 index are less in focus on this day, but the upcoming report from Toyota Motor is noteworthy. Japan's largest automaker plans to publish financial results for April–September 2025 just over 24 hours later on November 5 (Tokyo time). However, on Tuesday, investors will already begin to price in expectations for Toyota, with analysts predicting a decline in quarterly profits to the lowest level since 2023, primarily due to rising supply chain costs and massive investments to support dealers and develop electric vehicles. The dynamics of Toyota's stock and that of other auto giants (such as Honda and Nissan) in the early part of the week will reflect sentiment regarding the auto industry in Asia. Furthermore, various mid-level technology companies in Hong Kong are expected to report, but they will not have a significant impact on the global market. Thus, the Asian corporate agenda for November 4 is relatively calm, and regional investors will primarily respond to macroeconomic news and conditions on Wall Street.
Conclusion: Key Highlights for Investors
Upcoming Tuesday, November 4, 2025, is rich with events that could significantly influence sentiment across equity and currency markets. The day’s economic calendar combines the publication of important macro data—from US labor market indicators to central bank decisions—and noteworthy speeches from key regulatory figures outlining the future direction of monetary policy. Concurrently, **financial results** from a range of international corporations will provide fresh indicators on the state of affairs in 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 amplify fluctuations in stock indices (S&P 500, Euro Stoxx 50, Nikkei 225, MOEX) as well as currency rates.
Key points to watch closely include signs of weakening in the US labor market (in the JOLTS report) and its influence on stock and bond forecasts; the rhetoric from the heads of central banks (ECB and Fed) regarding future rates; and management forecasts from leading corporations about profit and revenue for the next quarter. Earnings reports from companies such as AMD, Uber, Pfizer, and BP will not only showcase their own results but could also adjust stock forecasts for the entire sector—be it technology, healthcare, or energy. Amidst global markets balancing between hopes for easing inflation and fears of economic slowdown, a combination of strong macro data and positive corporate news may support investor risk appetite. Conversely, any negative surprises could heighten the shift into safe-haven assets—gold, resilient dividend stocks, and safe-haven currencies.
Therefore, November 4 will be a day requiring maximum attention and flexibility from investors. It is advisable to adhere to principles of diversification while closely monitoring both economic indicators and corporate statements. This will help timely adjust investment strategies, balancing risk and return in the face of rapidly changing market conditions.
