Comprehensive Overview of Economic Events and Corporate Reports for Sunday, 23 November 2025: G20 Summit, Zoom's Earnings Report, and Key Companies from the USA, Europe, Asia, and Russia
On this Sunday, 23 November 2025, the global agenda takes centre stage against a relatively calm backdrop of macroeconomic statistics. The second day of the G20 summit in South Africa draws investors' attention, not least due to the absence of the United States and discussions around key issues impacting the global economy. No significant **economic events** are scheduled for today, thus major corporate reports stand as the primary driver of news. At the heart of the corporate calendar are the financial results of American firms, led by Zoom Video, while markets in Europe, Asia, and Russia orient themselves towards external cues. Investors are weighing the combination of geopolitical outcomes and corporate releases as they prepare for the new trading week ahead.
Macroeconomic Calendar (MSK)
- Throughout the day – Johannesburg, South Africa: The second (and concluding) day of the G20 leaders' summit, focusing discussions on the global economy, climate policy, debt issues facing developing countries, and other global challenges.
G20 Summit: Key Issues
- Final Declaration and Support Measures: Investors are anticipating the final communiqué from the G20 summit, reflecting the coordination among major economies. Decisions regarding debt relief for the poorest countries or new financing initiatives could enhance the appeal of emerging market assets.
- Absence of the USA at the Summit: For the first time in G20 history, the meeting occurs without full participation from the United States, creating an unprecedented scenario. The dominance of other powers (such as China and the EU) in discussions may shift the focus within the global agenda. Investors are evaluating whether the absence of the USA will undermine the effectiveness of agreements or, conversely, bolster cooperation among the remaining participants.
- Climate and Energy: Discussions are centred on the transition to clean energy and climate investments. Should the G20 nations agree on enhancing financing for 'green' projects or emission restrictions, this could have a long-term impact on commodity markets (oil, coal) and increase interest in renewable energy companies' stocks.
Earnings Reports: Before Market Open (BMO, USA)
- No Significant Releases Expected: Before the start of the main trading day in the USA, no major corporate earnings reports are anticipated. Markets will be influenced by the overall news backdrop – the outcomes of the G20 summit and sentiments from the Asian-European session. With no macroeconomic statistics being released on 23 November, the morning is expected to proceed in anticipation of more active events on Monday.
Earnings Reports: After Market Close (AMC, USA)
- Zoom Video Communications (ZM) – A leading video conferencing platform. Focus areas include growth rates of corporate users and revenue from subscription services amidst market saturation post-pandemic. Investors await updated management forecasts on demand dynamics for 2026 and profitability metrics to assess whether Zoom can maintain margins as services expand.
- Keysight Technologies (KEYS) – A manufacturer of electronic measurement equipment and software (a company within the S&P 500). Key metrics to watch include order volumes from the telecom and semiconductor sectors (covering segments such as 5G and aerospace) and margin dynamics. Keysight's results will provide insights into the state of the investment cycle in high-tech manufacturing.
- Agilent Technologies (A) – A developer of laboratory and diagnostic equipment (S&P 500). Attention will be on revenue from the biopharma services and analytical instruments segment: high growth rates may indicate strong demand from pharmaceutical and research institutions. Investors are also keen on the company's outlook for the next year and cost optimisation measures impacting profits.
- Symbotic (SYM) – A provider of robotic warehouse automation systems (AI solutions for retail). Important metrics include the expansion of order portfolios from major retail chains (Symbotic already partners with Walmart amongst others), revenue growth, and technology efficiency improvements. Symbotic's results will reveal the extent of AI-robot integration in supply chains and the business growth potential.
Other Regions and Indices: Euro Stoxx 50, Nikkei 225, MOEX
- Euro Stoxx 50 (Europe): European markets are set to begin the week without new reports from 'blue chip' companies this Sunday. The dynamics of Eurozone indices will depend on the external backdrop - investors are assessing signals from the G20 and are preparing for the release of economic indicators in the coming days. The focus will remain on EUR/GBP exchange rates and EU government bonds due to the absence of internal drivers today.
- Nikkei 225 (Japan): Japan's quarterly earnings season is nearing its end, as most major firms have already disclosed their interim results. In the absence of fresh reports, attention will shift to the yen's exchange rate and comments from Bank of Japan officials. Trading on the Tokyo Stock Exchange at the start of the week will be guided by external risk appetite and the outcomes of Friday's Wall Street session, as there are few catalysts on the Sunday agenda.
- MOEX (Russia): The Russian market continues to see the release of financial results for Q3. The last weeks of November traditionally witness a series of reports from Russian issuers – spanning across energy companies to retailers. The peak of the 9-month corporate reporting season is expected to coincide with the end of November and the beginning of December. The movement of the Moscow Exchange index, in the absence of global news today, will be determined by select corporate narratives and external factors (oil price dynamics and the exchange rate of the rouble).
Day's Conclusions: What Investors Should Focus On
- G20 Summit: The concluding statements from G20 leaders and agreements reached (in climate, support for developing economies, and market regulation) may set the tone for global markets at the start of the new week. Special attention should be paid to the potential reactions of emerging market currencies and commodity prices should initiatives influencing global capital flows be announced.
- US Tech Sector (Zoom and Others): The financial results of Zoom Video and comparable tech firms after market close could shift investors' focus from macroeconomic elements to external corporate factors. A strong quarter and a positive forecast from Zoom and sector companies would support the Nasdaq and growth stocks, while disappointments may heighten caution and provoke profit-taking in overheated segments of the IT market.
- Consumer Demand and Retail: The upcoming week includes Black Friday (28 November) and the following Cyber Monday – crucial sale days which will reveal actual purchasing activity in the USA and Europe. Markets may begin to factor in expectations surrounding holiday sales: positive signals (growth in online orders, store traffic) would support retailer and e-commerce stocks, while weak consumer demand may raise concerns regarding the economic climate.
- European and Asian Markets in the Absence of Drivers: As Sunday does not bring new data, it is important for investors to monitor sentiments in the futures markets and the Asian session on Monday morning. The lack of prominent drivers may imply subdued index fluctuations, but any unexpected news (geopolitics, regulatory announcements) could serve as a catalyst for movement. Upcoming events of the week (for instance, the consumer confidence index in the USA on Tuesday, and PCE inflation data on Wednesday) are already on the horizon and may deter market participants from taking active steps on Monday.
- Risk Management Ahead of the Holidays: The shortened session in the USA due to Thanksgiving approaches, thus liquidity in the markets is expected to decrease in the latter part of the week. Investors should utilise this calm day to calibrate their portfolios: identify target levels for key positions and establish reasonable stop losses and limit orders. Low volatility does not preclude sudden price surges on news – readiness for such surprises can help in preserving profits and avoiding unnecessary losses.
