Detailed Overview of Economic Events and Corporate Reports for Tuesday, 4 November 2025. Reports from Uber, AMD, Pfizer, BP and Others, Market Forecasts and Key Indicators for Investors.
On Tuesday, global markets are set for a busy day, with investors needing to monitor significant macroeconomic events alongside a series of financial results from major corporations. The economic calendar includes central bank decisions and the release of statistics from the US, Europe, Asia, and Russia. Concurrently, the earnings season continues, and the financial reports of leading companies from the S&P 500, Euro Stoxx 50, Nikkei 225, and Russia's MOEX may set the tone for stock market dynamics in the US and Europe. Below are the key events of the day and forecasts regarding stocks that investors should pay particular attention to this week.
Macroeconomic Events: US
US: Attention will focus on labour market and trade data. The US Department of Labor is set to publish the JOLTS report on job openings, a crucial indicator of the state of the labor market that could influence investor expectations regarding the Federal Reserve’s policies. Analyst forecasts suggest a further decline in the number of job openings, signifying a cooling demand for labour. This could strengthen the view that the tightening of monetary policy is nearing its end. Additionally, the trade balance for September will be released, with expectations for a moderate expansion of the deficit, reflecting high import volumes from American consumers. Furthermore, data on factory orders for September will be published, which is a measure of business activity in the manufacturing sector. Lastly, in the afternoon, one of the Federal Reserve's governors, Michelle Bowman, will deliver a speech on the outlook for monetary policy. Any hints from Fed officials regarding future rate changes may trigger volatility in stock and currency markets.
Macroeconomic Events: Europe
Europe: Investors will focus on the speech of European Central Bank President Christine Lagarde in the morning. Her remarks may shed light on the ECB's future plans for interest rates amid a slowing economy and still high inflation. Concurrently, labour market data from the Eurozone will be released, including the change in the number of unemployed, providing insight into the region's economic state. Analysts do not anticipate significant changes: unemployment in Europe remains near multi-year lows; however, even a slight rise in unemployment could heighten concerns regarding economic activity. Various national indicators will also be released in specific European countries: for example, Switzerland will publish its consumer sentiment index, while Bank of England representative Sarah Breeden will comment on financial stability in the UK. Overall, US and European markets will respond closely to any signals from regulatory speeches, which could impact Euro and Pound exchange 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 the meeting of the Reserve Bank of Australia (RBA). On Tuesday, the RBA will announce its interest rate decision. The consensus forecast suggests that the rate will remain unchanged, as the regulator is likely to pause amid signs of easing inflation. However, investors will be looking for hints regarding future policy in the accompanying statement. Any surprises from the Australian central bank could significantly impact the Australian dollar and risk appetite in Asian markets. In Japan, the final PMI index of business activity in manufacturing from Jibun Bank for October will be released in the morning. Though this is a final assessment (preliminary data is already known), investors will observe the dynamics of Japanese production against the backdrop of the record high Nikkei 225 index. Additionally, inflation data from other Asian countries will be in focus; for example, South Korea will publish its consumer price index, which is important for understanding regional economic trends. The data from Asia and Australia will set the tone for morning trading and may affect currencies in emerging markets.
The Situation in Russia
Russia: On Tuesday, Russia celebrates a state holiday (Unity Day), leading to the closure of domestic markets and the MOEX exchange. No official macroeconomic publications are scheduled for this date. Nevertheless, Russian investors will monitor external factors—such as oil price dynamics and the ruble's exchange rate against the dollar and euro on international markets—to assess the sentiments with which the local market will open after the extended weekend. It is worth noting that mid-week, the Russian market is expecting the publication of the S&P Global manufacturing PMI index, as well as fresh inflation data for October. For now, the external economic calendar and market sentiments in the US and Europe will be the main indicators for Russian investors.
Corporate Reports: US
On Tuesday, the active phase of the third-quarter earnings season for 2025 continues in the US. Before the main trading session opens, several companies from the tech and consumer sectors are set to report, including:
- Uber Technologies (transport services sector, approximate S&P 500) – will present its financial results for Q3 **before market opens**. Investors expect to see further progress in improving Uber's profitability. Analysts predict revenue growth due to increased ride-sharing and deliveries, and they anticipate confirmation of the annual profit forecast. Improved performance by Uber may positively impact sentiments in the tech and service sectors.
- Shopify (Canadian e-commerce platform) – will publish its report for Q3 **before market opens**. Key metrics will be the volume of goods sold through the platform and subscription revenue growth. The outlook for Shopify shares remains neutral to positive, with moderate revenue growth expected against a backdrop of stabilising global online retail. Investors will also look for management comments on the outlook for the holiday season and the development of tools for sellers.
- Spotify (streaming service) – will report **before the market opens**. The market is awaiting data on the growth of premium subscribers and advertising revenue trends. After Spotify previously signalled it would achieve operational profitability, investors will be watching to see if the company can maintain profitability. Strong results from Spotify could bolster confidence in the media sector, while weak results may heighten volatility in streaming service stocks.
- Pfizer (pharmaceutical, S&P 500) – one of the pharmaceutical giants will present quarterly results before the session opens. A decline in revenue is expected compared to last year, attributed to falling sales of pandemic-related products and a general normalisation of demand. Nevertheless, investors will be interested in the company's forecasts for new medications and updated guidance on earnings per share. Stable results from Pfizer could support healthcare sector indices, while disappointments may amplify concerns about a slowing pharmaceutical market.
- Advanced Micro Devices (AMD) (semiconductors, S&P 500) – will present its report after the main US market closes. This is one of the most anticipated tech reports of the day. Focus will be on sales figures for central and graphics processors, especially for data centres and artificial intelligence. Analysts predict revenue growth for AMD, but investors will keenly examine the company's outlook for the next quarter and management’s comments regarding competition with market leader NVIDIA. AMD's results will significantly influence the tone of the entire semiconductor sector for the next day, with strong results potentially boosting the Nasdaq and S&P 500, while weak results may trigger sell-offs in the tech sector.
In addition to these, the American market is awaiting reports from other companies on Tuesday:
- Super Micro Computer (SMCI) – a manufacturer of servers and equipment for data centres (report after market close). The company has been one of the beneficiaries of the AI business this year, so investors will assess whether the strong revenue growth from AI server solutions continues.
- Arista Networks (ANET, networking equipment) – will report after market close. Its results will indicate the state of demand for equipment for cloud infrastructures. The market anticipates double-digit sales growth, but profitability in the face of global competition is also crucial.
- Astera Labs – a young technology company (chip developer for cloud and AI), recently listed. Astera Labs will release its first public quarterly report after market close, attracting the attention of venture investors and analysts: revenue growth rates and the company's forecasts will act as indicators for evaluating the potential of this new player in the semiconductor industry.
- Beyond Meat (BYND, producer of plant-based meat substitutes) – will report in the evening. Investors will seek signs of demand recovery and reduced losses. Currently, forecasts for Beyond Meat shares are cautious, as the alternative food industry is experiencing reduced interest, and the company is likely to report losses again. Nevertheless, any improvements (e.g., a slowdown in sales decline or news of partnerships) could temporarily support share prices.
- Marathon Digital Holdings (MARA, cryptocurrency mining) – will present results after market close. The quarter saw a Bitcoin rally (BTC rose above $100,000, reaching historic highs around $110,000), so improved financial indicators are expected for Marathon. Investors will evaluate the amount of Bitcoin mined and the profitability of the mining business. Strong results amid the crypto-boom could push MARA shares higher; however, cryptocurrency market volatility remains high.
- Kinross Gold (KGC, gold mining) – the Canadian gold mining company will report late in the evening. Gold prices have been high in recent months, around $2000 per ounce, which should positively affect Kinross's profits. The report from this gold producer is important for assessing the precious metals sector: investors will see how high gold prices convert into free cash flow and dividends.
- Axon Enterprise (AXON, public safety technology) – the manufacturer of Taser stun guns and body cameras for police will publish its report after market close. Market expectations are for another quarter of double-digit revenue growth, driven by strong demand from law enforcement agencies. Investors will focus on Axon’s backlog of orders and the development of subscription services (cloud storage for footage), which support the company’s long-term growth.
- Upstart Holdings (UPST, fintech) – will report after trading. This AI-driven lending platform has faced challenges due to high rates, which have curtailed loan issuance. The market anticipates moderate improvement: possibly a reduction in losses or stabilisation 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 may lead to a rise in fintech stocks, while a weak report could intensify concerns about consumer debt burdens.
- Cava Group (CAVA, restaurant business) – the American Mediterranean restaurant chain, which recently went public, will report late in the evening. Investors are expecting continued strong revenue growth due to the opening of new locations and increased same-store sales. Important will be the profitability metric: markets want to see a reduction in Cava's losses as the business scales. The CAVA report will serve as a check on market sentiments in the food service sector and consumer demand in the US market.
Corporate Reports: Europe and Asia
Europe: Among European companies reporting on 4 November, investor attention will primarily focus on BP and Ferrari. The British oil and gas giant BP (part of FTSE 100) will disclose its results for Q3. Analysts expect a quarterly earnings per share of around $0.75 and stable cash flows, as oil prices held relatively high levels of $70–80 per barrel during the summer months. BP's comments regarding the prospects of the extraction industry and plans for share buybacks amid volatile oil markets will be of interest. Improved BP results may support the entire oil and gas sector of European exchanges, while weak results could 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 Ferrari's luxury cars remains strong, as the company maintains a consistently lengthy order list for new models. Investors expect revenue and profit growth, bolstered by both increased shipment volumes and expanded model offerings. Ferrari's margin figures 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 stocks of other luxury sector companies, while any signs of demand cooling may temporarily dampen investor enthusiasm.
Among other international corporations, the media holding Thomson Reuters (TRI, Canada/UK) will report on 4 November, providing information services. Its metrics are of interest in the context of demand for financial analytics and business news. US-based Vital Farms (VITL) – a producer of natural food products – will also present its quarterly results, along with several smaller companies; however, their impact on the wider market will be limited.
Asia: Major Asian companies from the Nikkei 225 index are less in focus on this day, but it is worth noting the upcoming report from Toyota Motor. The largest automaker in Japan plans to publish its financial results for April–September 2025 just over 24 hours later, on 5 November (Tokyo time). Nevertheless, on Tuesday, investors will begin to build expectations for Toyota: analysts forecast a decline in the company's quarterly profit to its lowest level since 2023, primarily due to rising supply chain costs and substantial investments in supporting dealers and developing electric vehicles. The performance of Toyota shares and other automotive giants (such as Honda and Nissan) early in the week will indicate sentiments regarding the auto industry in Asia. Additionally, some mid-tier technology companies in Hong Kong are expected to report, but they are unlikely to impact the global market significantly. Thus, the corporate agenda in Asia on 4 November is comparatively quiet, with regional investors primarily responding to macro news and the situation on Wall Street.
Conclusion: Key Highlights for Investors
Tuesday, 4 November 2025, is rich in events that could significantly impact sentiment in the stock and currency markets. The day’s economic calendar combines the publication of important macro data—from US labour market statistics to central bank decisions—and speeches from key regulatory figures who influence the direction of monetary policy. At the same time, the **financial results** from a range of international companies will provide fresh indicators regarding the state of affairs in sectors such as technology, energy, consumer markets, and finance. Investors this week should be prepared for heightened volatility: the combination of macroeconomic releases and corporate reports may amplify fluctuations both in stock indices (S&P 500, Euro Stoxx 50, Nikkei 225, MOEX) and in currency rates.
Essential points to watch closely include signs of a weakening labor market in the US (in the JOLTS report) and their implications for stock and bond forecasts; the rhetoric of central bank leaders (ECB and Fed) regarding future rates; as well as management forecasts from leading companies for earnings and revenue in the next quarter. Reports from companies like AMD, Uber, Pfizer, and BP will not only reveal their individual performance but may also adjust forecasts for stocks across entire sectors—be it technology, healthcare, or energy. In an environment where global markets are balancing between hopes of easing inflation and fears of economic slowdown, a combination of strong macro data and positive corporate news could support investors' risk appetite. Conversely, any negative surprises could heighten a retreat to safe assets—gold, resilient dividend stocks, and safe-haven currencies.
Therefore, 4 November will be a day demanding maximum attention and flexibility from investors. It is advisable to adhere to principles of diversification and closely monitor both economic indicators and corporate statements. This will help in timely adjustments to investment strategies, balancing risk and return in the face of rapidly changing market conditions.
