Key Economic Events and Corporate Earnings for the Week of 20

Comprehensive Overview of Key Macroeconomic Events and Corporate Earnings for the Week of 20–26 October 2025. Earnings Reports from Tesla, Netflix, Coca-Cola, Intel, China's GDP, and Central Bank of Russia's Rate Decision.

Monday, 20 October

The new week will commence with important data from Asia and the first significant earnings reports of the quarterly season. The main macroeconomic event of the day will be the statistics from China, which have the potential to set the tone for global markets, while in the evening, investors will assess the earnings reports from US industrial companies. The following key data and earnings are expected to be released:

China's GDP for Q3: China will announce its economic growth rate for the quarter, as well as retail sales and industrial production figures. This is an essential barometer of the health of the world’s second-largest economy, impacting commodity markets and investor sentiment globally.
New Zealand Consumer Price Index: This inflation indicator from New Zealand may affect the exchange rate of the New Zealand dollar and expectations regarding the Reserve Bank of New Zealand's interest rate policies.
Steel Dynamics Earnings (USA): One of the largest steel producers in the USA will present its quarterly results. Analysts expect an improved earnings forecast due to high steel prices and increased demand in the automotive industry.
Cleveland-Cliffs Earnings (USA): A major American steelmaking company will report in the context of volatile steel prices. Investors will examine whether the company has managed to reduce losses and how trade tariffs are supporting the domestic steel market.
W.R. Berkley Earnings (USA): This S&P 500 insurance company will release its financial results. Focus will be on premium income and investment yields against a backdrop of changing interest rates.
Crown Holdings Earnings (USA): A global producer of consumer packaging will share its quarterly results. The data will provide insights into demand for packaging in the food and beverage industry.

Hence, on Monday, the combination of strong Chinese statistics and the first reports from the US industrial sector will set the tone for the beginning of the week. Investors will evaluate how the data from China meets expectations and whether the corporate results will support an improvement in sentiment in the equity markets.

Tuesday, 21 October

On Tuesday, the focus will shift to corporate reports from leading consumer and technology companies, as well as inflation figures from various economies. The day's news flow will be rich, with morning releases in Europe and key American reports after market close. The key events of Tuesday include:

Coca-Cola Earnings (USA): The global leader in beverage production (part of the Dow Jones index) will unveil 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 tech giants in the S&P 500 will announce its Q3 results (after market close). The focus will be on subscriber growth, the success of the advertising model, and profit forecasts for the next quarter, which will significantly impact sentiment in the technology and media sectors.
Lockheed Martin Earnings (USA): The largest defence corporation will present its quarterly results. Market participants expect stable revenue from government contracts and comments on new orders amid geopolitical conditions.
General Motors Earnings (USA): The automotive giant will report on profit and revenue. Special attention will be paid to electric vehicle sales, supply chain situations, and any updates to the annual forecast.
Philip Morris Earnings (USA/Europe): The multinational tobacco company will publish its results, shedding light on consumer demand for traditional and electronic cigarettes in both developed and emerging markets.
Texas Instruments Earnings (USA): One of the largest semiconductor manufacturers will report after market close. TI's results will serve as an indicator of demand for chips in the industrial and electronics sectors; investors are looking for signals regarding any improvements in semiconductor forecasts.
Capital One Earnings (USA): A major financial holding (credit cards and banking) will publish its quarterly profit. Results will reflect trends in consumer spending and the quality of the credit portfolio against changing interest rates.
Canada Inflation Data: The consumer price indices (headline and core) for Canada will be released. This is a crucial indicator affecting the value of the Canadian dollar and the Bank of Canada's policies, especially given global inflation trends.
Christine Lagarde's Speech: ECB President Christine Lagarde will give a speech on Tuesday. Any hints regarding the future monetary policy of the Eurozone or comments on inflation will be closely analysed 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 earnings from companies such as Netflix and Coca-Cola will directionally determine stock movements in their respective industries. Simultaneously, the reactions of central banks (in the form of the ECB and the Bank of Canada) to the latest macroeconomic data will help to understand the future prospects for interest rates.

Wednesday, 22 October

On Wednesday, investor attention will be divided between major corporate earnings reports in the USA and Europe and key inflation statistics. The day promises to be rich in news: in the morning, data on prices in the UK will be released, while major European and American companies will report during the day, culminating in awaited tech earnings in the evening. Key events of Wednesday include:

UK Consumer Price Index: Morning data on UK inflation for September (headline CPI and core) will be announced. This release is critical for the Bank of England and may influence the pound's exchange rate, setting expectations regarding the regulator's future actions.
Barclays Earnings (UK): One of the largest banks in the UK (part of the FTSE 100 and Euro Stoxx 50) will present its Q3 financial results. Investors will analyse the bank's margins, lending volumes, and provisioning levels amid changing interest rates in the UK.
SAP Earnings (Germany): The European tech giant and market leader in corporate software (part of the DAX and Euro Stoxx 50) will publish its quarterly report. Growth in cloud services is expected; SAP's results will indicate trends in corporate IT spending in Europe.
Heineken Earnings (Netherlands): The second-largest brewing company in the world will report on revenues. The data will show how changing consumer habits and declining beer demand in Europe are affecting revenues, as well as plans for the company's non-alcoholic segment.
Tesla Earnings (USA): One of the most anticipated corporate earnings of the week — electric vehicle manufacturer Tesla will disclose Q3 results after market close. The focus will be on delivery volumes, automotive margins, and Elon Musk’s demand forecasts. These figures could significantly impact the entire technology sector and the automotive industry in the USA.
IBM Earnings (USA): The technology conglomerate from the Dow Jones will present its results. Investors are looking for updates on its cloud services and artificial intelligence segments aimed at maintaining revenue growth.
AT&T Earnings (USA): The telecommunications giant will report on profits and revenue. Important metrics will include growth in 5G mobile subscribers and developments in broadband business, alongside 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 serve as an indicator for the entire semiconductor sector, reflecting demand from chipmakers and investments in chip manufacturing.

Wednesday will be one of the busiest days of the week. Early indicators on UK inflation and Barclays’ earnings will set the tone in Europe, while the evening releases from S&P 500 leaders – primarily Tesla – may cause significant volatility in the technology sector in global markets. It will be essential for investors to assess whether actual company earnings align with expectations and how the macroeconomic situation (UK inflation, etc.) may adjust profit forecasts for upcoming periods.

Thursday, 23 October

On Thursday, the focus will shift to decisions from central banks and reports from major companies in the industrial and consumer sectors. Early in the morning, investor attention will turn to Asia and Europe, where two regulatory meetings are expected, and throughout the day, there will be a continued stream of corporate publications and significant statistics from America. The main events of Thursday include:

Turkey's Central Bank Rate Decision: The Central Bank of Turkey will announce its new key interest rate. Amid rapid inflation in Turkey, investors expect the continuation of a tight monetary policy. The decision by the Turkish central bank will impact the Turkish lira and may reflect sentiment in emerging markets.
Bank of Korea Rate Decision: The Bank of South Korea will hold a monetary policy meeting. It will be assessed whether the regulator will maintain the current rate amid economic slowdown, which is vital for Asian equity markets.
Unilever Earnings (UK): One of the world's leaders in consumer goods will release its quarterly trading statement. Unilever's sales growth figures will signal the state of consumer demand in Europe, Asia, and America, as well as the impact of price increases on sales volumes.
Lloyds Banking Group Earnings (UK): A major British bank will report on profits. Investors will study the dynamics of interest income and the state of the loan portfolio in the context of high interest rates in the UK.
T-Mobile US Earnings (USA): The telecom operator in the S&P 500 will present its results before the market opens. Key metrics will include mobile subscriber growth and the development of 5G, as well as an assessment of competitive dynamics in the US mobile services market.
Intel Earnings (USA): The largest microprocessor producer will publish its report after market close. Special attention will be paid to the data centre segment and forecasts for new chip releases. Intel's results could significantly influence the entire technology sector and forecasts for the recovery of the semiconductor market.
Union Pacific Earnings (USA): The leading railway company will report on quarterly profits. Data on shipping volumes and freight turnover will serve as an indicator of economic activity in the USA, especially in industry and agriculture.
US Labour Market Statistics: The US Department of Labor will publish weekly figures on initial and continuing claims for unemployment benefits. These statistics will aid in assessing the state of the US labour market amid discussions regarding the prospects for the Federal Reserve's monetary policy.
Business Activity in the US (Regional Indices): Regional manufacturing activity indices, such as the Philadelphia Fed's index for October, will be released. Their dynamics will indicate the state of the US industrial sector at the beginning of Q4.

On Thursday, the combination of decisions from several central banks and extensive corporate earnings reports will create a rich news backdrop. Especially significant for investors in the CIS is the decision by the Turkish regulator, as Turkey is a major developing economy. The US labour market data and Intel's report in the evening may adjust expectations regarding the Federal Reserve’s rate and drive movements in technology stocks in the week's last trading session.

Friday, 24 October

The last trading day of the week will be marked by data on global business activity and important decisions regarding the Russian market. In the morning, a series of PMI indices from various countries will be released, followed by a focus on the Central Bank of Russia's decision, culminating in a block of statistics from the USA. Key events of Friday include:

PMI Indices (Eurozone, UK, USA): Preliminary S&P Global business activity indices for October – in the manufacturing sector and services for key economies in Europe and America – will be published. These indicators will reveal whether the global economic climate is improving at the start of Q4 or whether the trend of slowing growth persists.
Japan Inflation Data: National Consumer Price Index (headline and core) for September. These figures impact expectations regarding the Bank of Japan’s policy, as persistent price growth may intensify discussions about tapering Japan's ultra-loose monetary policy.
Russia’s Central Bank Rate Decision: The meeting of the Russian central bank will be the central event of the day for the domestic market. The regulator is considering the interest rate level amidst high inflation and rouble volatility. An increase in rates could support the rouble's exchange rate and attract interest in bonds, while maintaining parameters would signal the regulator's assessment of price stabilization.
Press Conference with the Head of the Central Bank of Russia: Elvira Nabiullina will comment and answer questions following the rate decision. Investors will closely monitor the rhetoric from the head of the Bank of Russia regarding inflation prospects, the rouble's exchange rate, and the state of the Russian economy.
Honeywell Earnings (USA): An industrial conglomerate (aerospace systems, industrial automation) will report before the market opens. Honeywell's results will provide insights into demand for industrial equipment and aerospace components, as well as the effect of rising commodity prices 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 of consumer goods, the impact of price increases on volumes, and the prospects for P&G's business amid changing consumer spending patterns.
Ford Motor Earnings (USA): The automotive corporation will present its financial results. The profitability of Ford’s North American business, expenditure on the transition to electric vehicles, and the production situation after recent industry events (e.g., strikes or supply disruptions) will be analysed.
General Dynamics Earnings (USA): An American defence corporation (producer of aerospace technology, armaments, and ships) will report on quarterly sales and profits. The market anticipates stable metrics amid increasing defence expenditures, and General Dynamics' results will influence the entire defence sector.
HCA Healthcare Earnings (USA): The largest network of private hospitals in the USA will publish its results. HCA's financial metrics will show trends in healthcare: hospital occupancy, expenditures, and the impact of government medical insurance programs.
US Consumer Sentiment Indices: Final data from the University of Michigan on consumer confidence and inflation expectations of Americans for October will be released. Improvements or declines in these sentiments may affect retail sales forecasts and overall evaluations of the US economy's health.
Oil Market – Number of Drilling Rigs: In the evening, Baker Hughes will publish the weekly count of active oil rigs in the US. Although this indicator is of secondary importance, drilling activity trends influence expectations for oil production and indirectly affect energy prices.

On Friday, the combination of global macroeconomic events and the final wave of corporate earnings will determine investors' sentiment leading into the weekend. The Central Bank of Russia's decision will be crucial for the Russian market: any rate changes will affect the rouble's exchange rate and bond yields. Meanwhile, PMI data and results from companies such as Honeywell and P&G will help create a comprehensive picture of whether the global economy is accelerating towards year-end or if risks of deceleration persist. Investors will conclude the week by processing this flow of news and relating it to their investment forecasts.

Weekend, 25–26 October

Over the weekend, no significant market events are scheduled, but it is worth noting the transition of several countries to winter time. On Sunday, 26 October, European markets (Eurozone, UK, Switzerland) will set the clocks back by one hour. This means that from the start of the following week, the time difference between Moscow and the financial centres of Europe and the USA will change, which is essential to consider when tracking the opening and closing of trading sessions. The new week will begin with all signals received during the period of 20–26 October, and investors will prepare for upcoming events and reports on the horizon.

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