Detailed Overview of Economic Events and Corporate Reports for Monday, October 27, 2025. ASEAN Summit, US-China Trade Dialog, US-Japan Leaders Meeting, RBA Governor's Speech, Ifo Index, US Housing Market Data, as well as Company Results from the US, Europe, Asia, and Russia.
Monday sets a rich agenda for the markets: in Asia, the spotlight is on the second day of the ASEAN summit, where the US and China are discussing trade, and US President Donald Trump is meeting with Japan's new Prime Minister. In Europe, investors are monitoring business sentiment in Germany through the Ifo index, which reflects the state of the EU's largest economy. In the US, the focus is on statistics regarding manufacturing orders and the housing market, which provide fresh signals about economic dynamics in the third quarter. On the corporate front, there is a large series of earnings reports from public companies: from American tech, industrial, and financial corporations to key issuers from Europe, Asia, and Russia. Investors will need to reconcile various factors in conjunction: geopolitical signals ↔ risk appetite ↔ dynamics of commodity and currency markets; macroeconomic data ↔ Fed rate expectations ↔ bond yields ↔ equity interest.
Macroeconomic Calendar (MSK)
- 11:15 — Australia: Speech by RBA Governor.
- 12:00 — Germany: Ifo Business Climate Index (October).
- 15:30 — USA: Durable Goods Orders (September).
- 17:00 — USA: New Home Sales (September).
- 17:30 — USA: Dallas Fed Manufacturing Index (October).
International Agenda: ASEAN Summit and Negotiations
- ASEAN Summit (Day 2) – Southeast Asian leaders continue their meetings in Kuala Lumpur. Regional security and economic cooperation are on the agenda. The day before, at the summit mediated by Donald Trump, progress was made: an expanded peace agreement was reached between Thailand and Cambodia, and deals were signed between the US and Malaysia and Thailand regarding critical minerals. These successes set a positive tone and strengthen the bloc's integration (a new member, East Timor, has joined ASEAN).
- US-China Trade Negotiations – At the sidelines of the summit, US and Chinese representatives are engaged in ministerial dialogue, aiming to ease the trade standoff between the two number one economies. Following the meetings, a "successful framework" for further negotiations was outlined, and Donald Trump expressed confidence in reaching a deal with Chinese President Xi Jinping in the near future. Any signs of alignment in positions reduce global trade risks and may support demand for risk assets in Asian markets.
- Meeting of US and Japanese Leaders – Trump is holding separate negotiations with Japan's new Prime Minister (likely Shigeru Ishiba) as part of the summit. The goal is to strengthen the bilateral alliance and discuss trade and economic cooperation. Topics include coordination on security in the Asia-Pacific region and trade agreements between the US and Japan. Confirmation of robust allied relations and any new economic agreements will positively affect investor confidence in regional stability.
Australia: RBA Governor's Speech
- RBA Governor's Speech – RBA Governor Michelle Bullock is scheduled to speak at 11:15 MSK. Markets will be closely listening for any hints regarding future regulatory policy: comments on inflation, the labor market, and the state of the Australian economy could influence the Australian dollar and local equities. Should Bullock indicate a shift in rhetoric (for instance, ramping up the fight against inflation or, in contrast, a willingness to support growth), it will immediately affect expectations around Australia's interest rate.
Europe: Ifo Index in Germany
- Ifo Business Climate Index – The October Ifo Business Climate Index for Germany will be released. This survey of approximately 9,000 companies gauges current conditions and expectations. In September, the index fell (to 87.7 points), reflecting business caution. A surprise increase in the index for October would signal a relief from recessionary pressures and support the DAX and euro. Conversely, further declines in the Ifo index would amplify concerns over the German economy and may push investors toward defensive strategies in the European market.
USA: Orders, Housing, and Industry
- Durable Goods Orders – This indicator reflects business investment demand in the US. September data will reveal whether orders have rebounded after a potential decline in August. The "core" orders (excluding volatile transportation) are particularly important; an increase in these will indicate firm capital investments by firms and support shares in the industrial sector. Conversely, if orders decline more than expected, it will signal a cooling economy and may weaken the dollar (due to expectations of a more dovish Fed policy).
- New Home Sales – A report on the residential real estate market for September. High mortgage rates cooled demand; a slowdown in new home sales was observed earlier in Q3. Investors will evaluate whether this trend has continued. Further declines in new home sales will deepen concerns over the construction sector and related industries (bankruptcies of developers, decreased demand for furniture and building materials). On the other hand, unexpectedly strong sales will indicate that buyers are adapting to the rates, supporting the shares of homebuilders.
- Dallas Fed Manufacturing Index – This is the first regional glimpse into the US manufacturing sector for October. The Texas Fed conducts monthly surveys of manufacturers; in past months, the index has been in negative territory, signaling a downturn. If the index shows growth (even remaining negative but closer to zero), it could mean that the manufacturing bottom is near and Q4 has begun to show improvement. However, the persistence of weakness (deeply negative values) will confirm the ongoing pressure on the manufacturing sector, especially given high rates and a strong dollar.
Earnings Reports: Pre-Market (BMO, USA, and Asia)
- Keurig Dr Pepper (KDP) — American beverage manufacturer (S&P 500). Key metrics: sales volumes of popular beverage brands and pricing dynamics. Investors will assess how the company maintains its margins amid rising costs and changing consumer tastes, as well as any updates to its annual forecast.
- Canon Inc. — Japan, a global electronics and optics corporation. Focus: demand for cameras, printers, and equipment; the weak yen could boost Canon’s competitiveness and export earnings. The market will react to the company’s comments on global demand for office equipment and photographic products, as well as plans for growth in segments such as medical optics or semiconductor equipment.
- POSCO — South Korea, one of the world's largest steel manufacturers. Key attention: steel price trends and shipping volumes. POSCO's results serve as a barometer for industrial demand in Asia, especially considering the state of the Chinese economy. Improvement in profit and shipping volumes will indicate a revival in infrastructure and construction projects, while weak results will heighten concerns about an industrial downturn.
- Qantas Airways — Leading Australian airline. Investors are monitoring the recovery in passenger traffic: the Q3 release will show how well the airline has filled flights and maintained high fares amid expensive jet fuel. Important metrics include aircraft load factors and revenue per kilometer; strong results from Qantas confirm the resilience of post-pandemic travel demand, whereas declining profits may signal cost pressures and competition within the airline industry.
Earnings Reports: Post-Market (AMC, USA)
- Cadence Design Systems (CDNS) — Software developer for chip design (EDA). Market focus: demand for Cadence tools from semiconductor companies. The boom in AI investments is stimulating new chip projects – investors are anticipating growth in orders for design software. Profitability and Cadence's forecast are also important: a positive outlook for the coming quarters could drive the company’s shares and the entire software development sector higher.
- NXP Semiconductors (NXPI) — Semiconductor manufacturer, a key player in automotive electronics and communication chips. Key aspects of the report: demand from the automotive sector and industrial IoT, inventory levels at customer sites, as well as management's forecast. If NXP reports stable revenue growth and a reduction in excess chip inventories, it will bolster confidence in the recovery of the global chip sector; however, weak results or a cautious outlook may temporarily dampen optimism around tech stocks.
- Welltower (WELL) — American Real Estate Investment Trust (REIT) in healthcare and nursing homes. Focus: operating performance of properties – occupancy rates in care facilities, rental rates, and funds from operations (FFO). The healthcare REIT sector is sensitive to interest rates: investors want to see rental income growth that compensates for rising financing costs. A reliable stream of rental payments and a positive Welltower forecast may sustain interest in dividend-paying real estate stocks despite the high-interest rate environment.
- Waste Management (WM) — The largest waste management operator in the US. Key indicators: waste collection and disposal volumes in commercial and construction segments, as well as pricing policy for services. Rising waste volumes typically reflect increased economic activity – investors will check whether demand for WM’s services remains strong from both industry and consumers. Additionally, stable profitability amid cost inflation will signal business resilience and indirectly indicate a healthy economy.
- Nucor Corp. (NUE) — Leading American steel manufacturer. Market attention: Nucor's profitability amid volatile steel prices. In Q2-Q3, metal prices have corrected from peak levels – data on margins and new orders are crucial. If Nucor maintains strong sales due to construction and automotive demand, it will be positive for the entire metallurgy sector. Conversely, declining profitability will heighten concerns that a slowdown in construction and high rates are pressuring metal consumption.
- The Hartford (HIG) — American insurer and financial group. Important aspects: losses from catastrophes (hurricanes and natural disasters Q3) and investment income. The third quarter traditionally includes hurricane season in the US, and the extent of insurance payouts will impact net income. Meanwhile, rising rates could enhance HIG’s bond portfolio yields. Investors will evaluate the balance: whether the company withstood the blow from catastrophic payouts and managed to benefit from investment income. The results from Hartford will set the tone for the entire US insurance sector concerning risk and capital management.
Other Regions and Indices: Euro Stoxx 50, Nikkei 225, MOEX
- Euro Stoxx 50: Among the blue chips in the Eurozone on October 27, there are few significant corporate earnings reports. The European markets will be more responsive to macroeconomic background (for example, the Ifo index and outcomes of the ASEAN summit meetings). Among the notable releases of the day in Europe, are reports from Lonza Group (Switzerland, pharmaceutical services) and Deutsche Börse (Germany, exchange operator). Although they are important within their sectors, their influence on the broader market is limited, so overall market sentiment and economic data will remain the primary driver for Euro Stoxx 50.
- Nikkei 225 / Japan: The quarterly earnings season for Japanese companies continues. Many participants in the Nikkei index release results for April-September (the first half of the 2025 financial year). Among them are industrial and tech giants (for example, Canon, Nidec, automotive manufacturers) whose performance impacts the index. The weak yen may have supported exporters, leading to strong sales and profits in export-oriented sectors. If most reports turn out to be positive, the Nikkei will gain momentum for growth; a series of disappointments could slow down the rally in the Japanese market.
- MOEX / Russia: On the Russian market, Monday is highlighted by the financial report from X5 Group (the largest grocery retailer). X5's results for the first nine months of 2025 reflect the state of consumer demand in Russia: double-digit revenue growth in previous quarters was expected due to the expansion of the retail network and growth in comparable sales. Fresh figures will show whether this high pace is maintained. Overall, the week on MOEX is relatively calm: several second-tier companies (for instance, from gold mining and power generation) will report operational metrics, while the main wave of quarterly reports from the largest Russian corporations is expected in November.
End of Day: What Investors Should Pay Attention To
- Geopolitical Signals: Progress at the ASEAN summit and in the US-China negotiations. Any reduction in international tension (trade deals, ceasefires) enhances risk appetite: emerging market currencies and equities benefit, while industrial metals rise. If new contradictions arise during meetings, the opposite effect may occur—an increase in demand for protective assets (yen, franc, gold).
- European Economy: Reaction to the Ifo Index in Germany. This indicator will serve as a test for business sentiment in the EU. An improvement in Ifo will strengthen the euro and shares of cyclical European firms (automotive, banks), indicating the start of recovery. Conversely, a decline in the index will intensify recession fears—potential GDP downgrades for Germany and pressure on European exchanges.
- US Statistics: Data on orders and housing as reflections of the health of the US economy. Strong reports (increasing orders, high home sales) may prompt the Fed to maintain a firm tone—expect increases in treasury yields and a stronger dollar, which could pressure gold and emerging markets. Conversely, weak data will reinforce discussions around the peaks of rates approaching: this will be positive for equities, particularly in growth sectors, and for commodity prices.
- Corporate Reports: Individual companies can sway sector sentiment. Focus pre-market includes Keurig Dr Pepper (consumer sector), post-market highlights high-tech firms Cadence and NXP. Their results and forecasts could locally shift focus: for example, a strong report from Cadence could bolster confidence in the "chip rally," while weak numbers from NXP may alarm tech sector investors. Watching X5 Group is also interesting, as it serves as an indicator of consumer demand in Russia.
- Risk Management: The multi-faceted news background of Monday (geopolitics, macro, earnings) may increase volatility. Investors should pre-determine acceptable ranges for key asset movements and set stop orders. Pay particular attention to the timing of important data releases (for instance, 15:30 MSK in the US): sharp fluctuations may occur during these moments. Well-thought-out hedging positions and diversification will help navigate a day rich with events while keeping risks controlled.
