Key Economic Events and Corporate Earnings for the Week of October 20

Comprehensive Overview of Key Macroeconomic Events and Corporate Reporting for the Week of October 20–26, 2025: Reports from Tesla, Netflix, Coca-Cola, Intel, China's GDP, and the CBR's Decisions on Interest Rates.

Monday, October 20

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

China's GDP for Q3: China will announce its economic growth rate for the quarter, along with data on retail sales and industrial production. This is a crucial barometer of the health of the world's second-largest economy, affecting commodity markets and investor sentiment globally.
New Zealand Consumer Price Index: The inflation indicator in New Zealand that may impact the exchange rate of the New Zealand dollar and expectations regarding the Reserve Bank of New Zealand's interest rate policy.
Steel Dynamics Earnings (USA): One of the largest steel producers in the U.S. will present its quarterly results. Analysts expect improvements in earnings forecasts due to high steel prices and rising demand in the automotive sector.
Cleveland-Cliffs Earnings (USA): A major American metal manufacturing group will report amidst volatile steel prices. Investors will look to assess whether the company managed to reduce losses and how trade tariffs support the domestic steel market.
W.R. Berkley Earnings (USA): An insurance company listed in the S&P 500 will release its financial results. Focus will be on insurance premium metrics and investment income amid changes in interest rates.
Crown Holdings Earnings (USA): A global leader in consumer packaging will present quarterly results. The data will provide insights into demand for packaging in the food and beverage sector.

Thus, on Monday, a combination of strong Chinese statistics and the first reports from the U.S. industrial sector will set the tone for the beginning of the week. Investors will evaluate how well the data from China meets expectations and whether corporate results will support improved sentiment in the equity markets.

Tuesday, October 21

On Tuesday, the focus will shift to corporate reports from leading companies in the consumer sector and technology, along with inflation statistics in selected economies. The information flow will be rich, starting from morning releases in Europe to key U.S. reports after market closure. Key events for Tuesday include:

Coca-Cola Earnings (USA): The world leader in beverage production (a Dow Jones company) will disclose its financial results. Investors will be looking for revenue growth, trends in non-alcoholic beverage sales, and management comments on the impact of inflation on costs.
Netflix Earnings (USA): One of the technology giants in the S&P 500 will announce its Q3 results (after market closure). The focus will be on subscriber growth, success of the advertising model, and profit forecasts for the next quarter, which will significantly influence sentiment in the technology and media sectors.
Lockheed Martin Earnings (USA): The largest defense corporation will present quarterly results. Market participants are expecting stable revenue from government contracts and comments about new orders amid geopolitical conditions.
General Motors Earnings (USA): The automotive giant will report on its profitability and revenue. Special attention will be paid to electric vehicle sales, supply chain situations, and any updates on the annual forecast.
Philip Morris Earnings (USA/Europe): The multinational tobacco company will publish results that provide 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 closure. TI’s results will serve as an indicator of demand for chips in industry and electronics; investors are waiting for signals regarding the outlook for the semiconductor sector.
Capital One Earnings (USA): A major financial holding company (credit cards and banks) will publish quarterly profits. 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 Index (both overall and core) will be released in Canada. This is an important indicator that affects the exchange rate of the Canadian dollar and the Bank of Canada's policy, particularly considering global inflation trends.
Christine Lagarde's Speech: ECB President Christine Lagarde will deliver a speech on Tuesday. Any hints regarding future monetary policy in the Eurozone or comments on inflation will be carefully analyzed by the 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 such as Netflix and Coca-Cola will set direction for stocks in respective industries. Simultaneously, the response of central banks (through the ECB and the Bank of Canada) to recent macroeconomic data will help gauge the future outlook for interest rates.

Wednesday, October 22

On Wednesday, investor attention will be divided between significant corporate earnings reports in the U.S. and Europe and important inflation statistics. The day promises to be rich with news: in the morning, data on prices in the UK will be released, followed by leading European and American companies reporting in the day, and evening eagerly anticipated technology reports. Key events for Wednesday include:

UK Consumer Price Index: Morning announcements will reveal September inflation data in Britain (overall CPI and core). This release is critical for the Bank of England and can influence the GBP exchange rate, setting expectations for further actions by the regulator.
Barclays Earnings (UK): One of the largest banks in Britain (part of the FTSE 100 and Euro Stoxx 50) will present financial results for Q3. Investors will analyze the bank's margin, lending volumes, and provisions amid changing interest rates in Britain.
SAP Earnings (Germany): The European technology giant and leader in corporate software (part of the DAX and Euro Stoxx 50) will publish quarterly results. Growth in cloud services is anticipated; results from SAP will indicate trends in corporate IT spending in Europe.
Heineken Earnings (Netherlands): The world's second-largest brewing company will report on revenues. Data will reveal how changes in consumer habits and declining beer demand in Europe impact revenue, as well as the company’s plans for the non-alcohol segment.
Tesla Earnings (USA): One of the most anticipated corporate earnings reports of the week—the electric vehicle manufacturer Tesla will disclose Q3 results after market closure. Focus will be on delivery volumes, automotive margins, and Elon Musk's demand forecasts. These figures may significantly impact the entire technology sector and automotive sector in the U.S.
IBM Earnings (USA): The technology conglomerate from the Dow Jones will present its results. Investors will expect updates on the cloud computing and artificial intelligence segments that IBM is developing to maintain revenue growth.
AT&T Earnings (USA): The telecommunications giant will report on profits and revenue. Key metrics will include the growth of 5G mobile subscribers and broadband business developments, along with comments on the company's debt load.
Lam Research Earnings (USA): A major producer of semiconductor equipment will report after market close. Lam's results and forecasts will act as an indicator for the entire semiconductor sector, reflecting demand from chip manufacturers and investments in chip production.

Wednesday promises to be one of the busiest days of the week. Early indicators of British inflation and Barclays' report will set the tone in Europe, while the evening releases from S&P 500 leaders—primarily Tesla—may cause significant shifts in the technology sector across global markets. Investors will need to evaluate whether actual earnings match expectations and how the macroeconomic situation (UK inflation and others) may adjust earnings 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 morning attention will be on Asia and Europe, with two regulatory meetings expected, while the day continues to see a flow of corporate publications and important statistics in America. Main events for Thursday include:

Turkish Central Bank Interest Rate Decision: The Central Bank of Turkey will announce a new key rate. Amid rising inflation in Turkey, investors expect the continuation of a tight monetary policy. The decision of the Turkish Central Bank will impact the Turkish lira and may influence sentiment in emerging markets.
Korea Bank Decision: The Bank of South Korea will hold a monetary policy meeting. The regulator's decision to maintain the current rate amid an economic slowdown will be important for Asian equity markets.
Unilever Earnings (UK): One of the global leaders in consumer goods will release its quarterly trading report (Trading Statement). Sales growth indicators from Unilever will signal the state of consumer demand in Europe, Asia, and America, as well as the influence of price hikes on sales volumes.
Lloyds Banking Group Earnings (UK): A major British bank will report on profits. Investors will scrutinize the dynamics of interest income and the state of the credit portfolio amid high rates in the UK.
T-Mobile US Earnings (USA): The telecom operator from the S&P 500 will present results before market opening. Key metrics include growth in mobile subscriptions and developments in 5G, as well as assessments of competitive dynamics in the U.S. mobile services market.
Intel Earnings (USA): The largest microprocessor manufacturer will publish its report after market close. Focus will be on the data center segment and forecasts for new chip releases. Intel’s results may significantly influence the entire technology sector and forecasts for a recovery in the semiconductor market.
Union Pacific Earnings (USA): A leading railroad company will present its quarterly profits. Data on shipping volumes and freight turnover will serve as indicators of economic activity in the U.S., particularly in industry and agriculture.
U.S. Labor Market Statistics: The U.S. Department of Labor will release weekly numbers for initial and continuing unemployment claims. These indicators will help assess the condition of the U.S. labor market amid discussions on the prospects for the Federal Reserve's monetary policy.
U.S. Business Activity (Regional Indices): Regional manufacturing activity indices will be released, such as the Philadelphia Fed's index for October. Their dynamics will indicate the state of the U.S. industrial sector at the beginning of Q4.

Thursday's combination of decisions from several central banks and extensive corporate earnings reports will create a rich news backdrop. Especially crucial for investors in the CIS will be the Turkish regulator's decision, as Turkey is a major developing economy. U.S. labor market data and Intel's report in the evening could adjust expectations surrounding the Fed's interest rates and steer movements in technology stocks during the last session of the week.

Friday, October 24

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

PMI Indices (Eurozone, UK, USA): Preliminary S&P Global indices of business activity will be released for October—both for the manufacturing sector and services for key economies in Europe and America. These indicators will show whether the economic outlook is improving as Q4 begins or if the trend of slowing growth continues.
Inflation Data from Japan: National consumer price index (overall and core) for September. These figures influence expectations regarding the Bank of Japan’s policy, as sustained price growth may intensify discussions about unwinding ultra-loose monetary policy in Tokyo.
Bank of Russia Key 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 rate level amid high inflation and ruble volatility. A rate hike could support the ruble's exchange rate and appeal of bonds, while maintaining parameters would signal the Central Bank’s assessment regarding price stabilization.
Press Conference by the Head of the Bank of Russia: Elvira Nabiullina will provide comments and answer questions following the rate decision. Investors will closely monitor her rhetoric regarding inflation prospects, the ruble's exchange rate, and the state of the Russian economy.
Honeywell Earnings (USA): The industrial conglomerate (aerospace systems, industrial automation) will report before market opening. Honeywell's results will provide insights into demand for industrial equipment and aviation components, as well as the impact of raw material price increases on the company's margins.
Procter & Gamble Earnings (USA): The world’s largest FMCG company will publish its quarterly report. Investors will evaluate the growth of sales in consumer goods, the impact of price increases on volumes, and the business outlook for P&G amid changing consumer spending.
Ford Motor Earnings (USA): The automotive company will present its financial results. Profitability of Ford's North American business, costs associated with the transition to electric vehicles, and the situation in automotive production following recent industry events (such as strikes or supply disruptions) will be analyzed.
General Dynamics Earnings (USA): The U.S. defense corporation (manufacturer of aviation technology, weaponry, and ships) will report on quarterly sales and profits. The market expects stable indicators amid rising defense spending, and GD's results will influence the entire defense industrial segment.
HCA Healthcare Earnings (USA): The largest private hospital network in the U.S. will publish its results. Financial metrics from HCA will reflect trends in healthcare: hospital occupancy rates, expenses, and the impact of government health insurance programs.
U.S. Consumer Sentiment Indices: Final data from the University of Michigan on consumer confidence and inflation expectations for Americans will be released for October. An improvement or deterioration in these sentiments may affect forecasts for retail sales and the overall assessment of the U.S. economy's condition.
Oil Market – Rig Count: In the evening, Baker Hughes will publish the weekly count of active oil rigs in the U.S. Although this figure is secondary, trends in drilling activity influence expectations regarding oil production and indirectly on energy prices.

On Friday, a combination of global macroeconomic events and the final wave of corporate earnings reports will shape investor sentiment heading into the weekend. The CBR's decision will be crucial for the Russian market: any change in rate will affect the ruble's exchange rate and bond yields. Meanwhile, PMI data and reports from companies such as Honeywell and P&G will help form a holistic picture of whether the global economy is gaining momentum as the year comes to a close or if risks of a slowdown persist. Investors will end the week processing this influx of news and relating it to their investment forecasts.

Weekend, October 25–26

On Saturday and Sunday, no significant events are scheduled in the markets, but it is worth noting the transition of several countries to standard time. On Sunday, October 26, European markets (Eurozone, UK, Switzerland) will set the clocks back by one hour. This means that starting next week, the time difference between Moscow and the financial centres 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 welcomed by the markets with all signals received during the period from October 20 to 26, and investors will prepare for upcoming events and reports on the horizon.

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