Economic Events and Corporate Reports for Tuesday, 11th November 2025: Lagarde's Speech, ZEW Index, and Reports from Sea, Beyond Meat, Sony, and Ozon

Detailed Review of Economic Events and Corporate Reports for Tuesday, 11 November 2025. Focus: ECB President Christine Lagarde's Speech, Germany's ZEW Index, and Reports from Sea, Beyond Meat, Sony, Ozon, and Other Global Index Companies.

On Tuesday, 11 November 2025, investors from the CIS are focusing on significant economic events and a series of corporate reports that could have a substantial impact on the stock market. The spotlight is on the speech by ECB President Christine Lagarde, business confidence data from Europe, oil statistics from the USA, and the quarterly reports from various companies. Both major international corporations from the S&P 500, Euro Stoxx 50, Nikkei 225, MOEX indices and medium to small-sized companies are set to release their results on this day. Let us review the key economic events and corporate reports that investors should pay attention to.

Economic Events

Canada - Public Holiday: Canada observes Remembrance Day, thus Canadian markets and exchanges are closed, with trading not being conducted.
Christine Lagarde's Speech (ECB): The President of the European Central Bank, Christine Lagarde, is scheduled to deliver a speech at 11:20 MSK. Investors will closely monitor for signals regarding future monetary policy. Any hints at changes in interest rates or evaluations of the economic situation in the Eurozone could influence the euro's exchange rate and the dynamics of European bonds. The market does not anticipate sharp announcements; however, Lagarde's comments can set the tone for trading in European markets.
ZEW Economic Sentiment Index (Germany, November): At 13:00 MSK, the ZEW Institute will release its business optimism index for Germany and the Eurozone. Forecasts suggest a moderate improvement in sentiment, with the German indicator expected to rise from approximately 39.3 to 40 points. If the data exceeds expectations, it could bolster confidence in the European economy's outlook and support European stock indices. Conversely, a weak sentiment indicator could remind investors of the persistent risks related to economic slowdown.
Oil Inventories (API, USA): At 00:30 MSK (overnight on 12 November), the American Petroleum Institute will publish its weekly crude oil inventory data. Traditionally, this indicator is released after the close of trading on Tuesday and serves as a benchmark ahead of the official EIA statistics. An increase in inventories could exert pressure on oil prices, while a decrease would support quotations. Oil price volatility, in turn, affects the oil and gas sector and investors' sentiment in the commodity markets.

Corporate Reports

Tuesday continues the corporate earnings season for Q3 2025. Reports are being released from both global giants in leading indices and several technology and commodity companies. Below are the main companies whose reports will be published on 11 November, along with details of their sectors:

Interpublic Group (IPG) – one of the largest advertising holding companies globally (USA, communication sector, included in the S&P 500). They will publish their report before the US market opens. A slight earnings per share (~$0.02) is anticipated amid sluggish demand in the advertising industry.
Infineon Technologies (IFX) – a German semiconductor manufacturer (included in Euro Stoxx 50). They will present financial results for the 4th quarter of their 2025 fiscal year. Analysts forecast earnings of about €0.28 per share. Investors will pay particular attention to forecasts of chip demand in Europe amid global fluctuations in the sector.
Sony Group Corp. (SONY) – a Japanese technology and media conglomerate (Nikkei 225). The report for the 2nd quarter of the fiscal year 2025 (ending on 30 September) will be released after trading in Tokyo closes. A significant profit increase is expected (consensus ~¥105 per share) thanks to the success of the gaming division. Sony's results serve as a barometer for the health of Japan's tech sector and the global gaming market.
Mosaic Co. (MOS) – an American materials company (one of the largest fertilizer producers, S&P 500). They will report before trading starts in the US. Mosaic's results are crucial for assessing the situation in the commodity and agricultural resources market.
Vodafone Group (VOD) – a British telecommunications operator (FTSE 100). They will publish results for the first half of the 2025 fiscal year. Investors are keen to see revenue dynamics in key European markets and progress on the company's debt reduction programme.
AstraZeneca (AZN) – a pharmaceutical giant based in the UK. Their 3rd quarter report will be available in the morning on the London Stock Exchange. Revenue growth of approximately +14% year-on-year is expected, driven by sales of new medications. AstraZeneca's results are significant for the overall investor sentiment in the healthcare sector.
Ozon Holdings (OZON) – a major Russian internet retailer (traded on the Moscow Exchange). The 3rd quarter financial results will be published. Analysts expect continued high growth in gross merchandise volume (GMV) of approximately 40-47% year-on-year, driven by the rapid development of e-commerce in Russia. This report will attract interest from investors on MOEX, considering the resumption of trading in Ozon shares and the company’s plans for profit growth.
VEON Ltd. – an international telecommunications holding with assets in Russia (the Beeline brand) and several other countries (MOEX, NASDAQ). They will publish results for the 3rd quarter of 2025. Investors will evaluate the performance of the Russian business amid debt restructuring and asset sales, as well as the overall progress in the holding's digital services.
Positive Group – a Russian company in the cybersecurity sector (MOEX). Their report for the first nine months of 2025 will show revenue trends from sales of information security software solutions. Positive's shares attract investor attention due to growth in Russia's IT sector.

On this day, several growth technology companies and mid-cap firms that are of interest to global investors will also release earnings:

Sea Limited (SE) – a Singapore-American tech conglomerate (gaming, e-commerce). They will report before the US market opens. Estimates suggest that the company will remain unprofitable (expected negative EPS of approximately –$0.07) while seeing revenue growth of ~15%. Sea's results reflect trends in the internet business in Southeast Asia.
Spotify Technology (SPOT) – a Swedish-American streaming service. Financial results will be published after trading on NASDAQ closes. Investors await data on subscriber growth and management comments about service monetisation.
Beyond Meat (BYND) – a producer of plant-based meat alternatives (USA). This report for the 3rd quarter has been rescheduled for 11 November (after the market closes) due to the need to recalculate asset impairment. The market awaits comments on product demand amid decreasing consumer interest and competition. Beyond Meat’s shares have been volatile in recent weeks due to speculative interest and news concerning losses.
Chegg, Inc. (CHGG) – an American EdTech company (educational online services). They will report after the market closes. Investors will assess how reduced demand for online learning affects the profitability and subscriptions of the service.
Natera, Inc. (NTRA) – an American biotech company specialising in genetic testing. Results for the quarter will be released late in the evening. The focus is on revenue growth rates and loss reduction as the use of genetic screenings in medicine expands.
Rocket Companies (RKT) – an American fintech company in the mortgage sector. They will publish results after trading closes. Investors are awaiting updates on mortgage loan demand in the US amid changing interest rates.

Finally, several smaller technology and commodity sector companies are set to release their reports on 11 November, which will catch the interest of niche investor groups:

Endava (DAVA) – a British IT consulting company (software development outsourcing). They will present results for the first quarter of the 2026 fiscal year (the quarter ending 30 September 2025) before trading opens. Moderate revenue growth is expected amid demand for business digitalisation.
Hesai Group (HSAI) – a Chinese manufacturer of lidars for autonomous vehicles. They will report on 11 November (a conference call is scheduled for 8 PM Beijing time). The recently IPO'd company is likely to show a loss, but investors will look for order growth and projects in the automotive industry.
Oklo Inc. (OKLO) – a nuclear technology startup (USA) that went public via SPAC. They will publish results after market close. The company is currently unprofitable (expected negative EPS of about –$0.08), but its modular microreactor project is attracting strategic investors in the energy sector.
LightPath Technologies (LPTH) – an American manufacturer of optical components. They will report for the first quarter of the 2026 fiscal year (July-September). The market expects slight revenue growth (~+4% year-on-year) and is monitoring the business's margins amid increasing demand for optics for lasers and sensors.
Evolution Petroleum (EPM) – an independent oil and gas company (USA). They will publish results for the first quarter of the 2026 fiscal year. Expected earnings per share are modest (around $0.01–0.02), but stable cash flows and dividends make their shares attractive to some investors focused on the commodity sector.
Intrusion Inc. (INTZ) – an American cybersecurity company. They will release results after the market closes. A slight loss is forecasted (consensus –$0.09 per share) with revenues around $2 million. Investors are awaiting news regarding the advancement of its flagship Intrusion Shield product in the corporate market.
Pixelworks, Inc. (PXLW) – a developer of video processors and display solutions (USA). The report will be published after the market closes. The company is likely to remain unprofitable; however, market participants are assessing the prospects of its technologies in enhancing mobile display and VR quality.
QuickLogic Corp. (QUIK) – a manufacturer of programmable chips (FPGA, USA). They will publish results for the quarter in the afternoon. A loss is expected due to investments in new chips, but forecasts for contracts in the aerospace and defence sector, where the company sees growth potential, are essential.
Stereotaxis, Inc. (STXS) – an American medical technology company specialising in robotic surgical systems. The report will be released after trading closes (a conference call is scheduled for 23:30 MSK). Investors will evaluate order dynamics for its systems in cardiothoracic surgery and progress in reducing losses.
Skyworks Solutions (SWKS) – a manufacturer of chips for wireless communication (USA, included in the S&P 500). Although Skyworks' report will technically be released late in the evening on 12 November Moscow time (after the US market closes on 11 November), many investors will account for its results on the morning of the 12th. Strong earnings (~$2.06 per share) are expected due to chip supplies for smartphones, which would signal positively for the entire semiconductor sector.
Microvast Holdings (MVST) – a manufacturer of batteries for electric vehicles (USA/China). They will release their report late in the evening. A quarterly loss is anticipated (~–$0.05 EPS) despite revenue growth as the company expands its production capacity. Microvast’s results are significant for evaluating trends in the EV battery industry.
Valens Semiconductor (VLN) – an Israeli company producing chips for high-speed data transmission. They will report on the night of 12 November. A loss is expected (~–$0.11 per share) amid investments in new products, but investors will be interested in demand forecasts for its solutions in automotive electronics.
LandBridge, Inc. (LB) – an American company owning rights to revenue shares (royalties) from oil and gas projects. The 3rd quarter report will also be released in the early hours of Wednesday. The company is expected to show modest earnings (~$0.03 per share) and stable payouts, which attract investors looking for yield in the energy sector.
Zai Lab (ZLAB) – a biotechnology company from China (developer of oncology drugs). They reported early on 11 November. The results will help evaluate successes in commercialising its drugs in global markets and prospects for the approval of new medications.
Sohu.com (SOHU) – a Chinese media company (internet portal). They presented their report in the morning at 09:00 MSK. Investors will focus on advertising and traffic to understand how the company competes against larger platforms.
The Beauty Health Co. (SKIN) – an American company at the intersection of the health and beauty sectors (known for HydraFacial devices). They will publish results after trading closes. The market expects revenue growth due to recovering demand for cosmetic procedures, and investors will evaluate the business's margins.
Nebius Group N.V. – a Dutch subsidiary of Yandex in the cloud services sector. Although the company is not public, it released a report with financial results for Q3 (before market opens). This report is particularly significant for Yandex investors, as it demonstrates the successes of Nebius's cloud business and its contribution to Yandex's overall ecosystem.

In conclusion, 11 November 2025 is replete with events covering both macroeconomic agendas and corporate earnings. ECB President Christine Lagarde's speech and the ZEW index data will set the trading tone in Europe, determining investor sentiment regarding the Eurozone's economic outlook. In the US market, oil price dynamics post-API report may reflect on oil and gas assets and the overall risk appetite. Meanwhile, the wave of corporate reports—from S&P 500 giants to niche technology companies—will provide investors with abundant material for analysis. The results from companies listed in the Euro Stoxx 50, Nikkei 225, and the Russian MOEX market will help assess the state of key sectors across different regions.

For investors, this day serves as an indicator on multiple fronts: macroeconomic signals set the overall backdrop, while corporate earnings disclose business conditions across various industries. A careful examination of financial results (earnings) is the key to a timely reaction to potential opportunities or risks. The day's focal points—the ECB's rhetoric, the state of business confidence in Germany, and companies' successes in the earnings season—will help form a more comprehensive picture for making investment decisions. Amid increased market volatility, a balanced approach and diversification remain the best strategy for retail investors.