Global Market Outlook November 2025: Nvidia, U.S. Data
Global markets are waking up with cautious optimism… and a whole lot of catalysts. U.S. stock futures are climbing as long-delayed economic data finally hits the tape and Nvidia steps into the earnings spotlight. Overseas, Japan posts its first economic contraction in six quarters, while gold and oil slip as traders pull risk off the table.
Global market outlook November 2025 for this week isn’t slow. It’s more like a pressure cooker. Labor data, inflation, and heavyweight earnings are all landing at once. Volatility is almost guaranteed, perfect for traders who know how to move fast.
U.S. Stocks Poised for a Positive Start
After new trade agreements, such as a U.S.-Switzerland agreement linked to a $200 billion investment package, and tariff adjustments, sentiment seems to be showing signs of improvement. Following a recent three-week low, the Nasdaq is now rising, indicating that traders are shifting back into AI-related stocks.
- Dow Futures: 47,147 (-0.65%)
- S&P 500 Futures: 6,763.25 (+0.12%)
- Nasdaq 100 Futures: 25,159 (+0.26%)
U.S. Data Flow Resumes
Good news, the data freeze is over. And the market gets its first key release with September’s labor report, expected to show roughly fifty-thousand new jobs and an unemployment rate near 4.3%. Additional delayed reports on spending, inventories, and trade follow soon after, giving traders and the Federal Reserve the visibility they’ve lacked for weeks.
The December rate decision is now back in play, with markets assigning roughly 50% odds to another cut.
- Unemployment Rate Forecast: 4.3%
- Fed December Rate Cut Probability: ~50%
Nvidia Earnings Take Center Stage
Nvidia steps into the spotlight as the defining moment for the AI trade. With a market valuation above $5 trillion and a weight of about 10% in the Nasdaq 100, the company’s results have the power to move the entire tech sector. Analysts expect another extremely strong quarter and are paying close attention to guidance for early next year as a gauge of AI demand durability.
- Nvidia Fiscal Q3 Net Profit Forecast: $30.53B
- Nvidia Fiscal Q3 Revenue Forecast: $54.8B
- Nvidia January Q4 Guidance: Net Income $34.93B / Revenue $61.8B
Global Snapshots: Japan, Oil, and Gold
For the first time in a year and a half, Japan’s economy shrank 1.8% year-on- year. Weak exports and consumer spending continue to put pressure on and scrutinize the outlook. In light of this, it is expected that the Bank of Japan will maintain its current interest rate following the meeting.
On the other hand, gold seems to be letting up as the dollar strengthens. The oil prices are drifting lower after Russian crude exports resumed at the Novorossiysk terminal, easing some of the supply concerns.
- Japan Q3 GDP: -1.8% YoY
- Gold: $4,081 (+0.01%)
- Brent: $64.31 (-0.15%)
- WTI Crude: $59.98 (-0.18%)
Crypto Struggles as Fed Cut Bets Fade
Unfortunately for crypto enthusiasts, Bitcoin is stuck near a six-month low as traders scale back expectations for a December rate cut. In addition, broader crypto action remains muted, with leading altcoins holding steady while markets wait on the incoming U.S. data flow.
- Bitcoin: $95,695 (-0.71%)
- Ethereum: $3,189 (+0.6%)
5 Things to Watch This Week
- Nvidia Earnings (Wednesday After Market Close): Expected profit and revenue remain massive and market-shaping.
- U.S. September Jobs Report (Thursday): A key gauge for the Fed’s final decision of the year.
- Retail Earnings: Walmart, Target, and Home Depot give early clues about consumer strength.
- Fed October Meeting Minutes (Wednesday): More insight into the inflation–labor balance.
- Global Macro Signals: Japan’s contraction and commodity-price shifts highlight broader economic tension.
BullRush Perspective: Global Market Outlook November 2025
With U.S. data flowing again, Nvidia’s results approaching, and global markets shifting fast, the calm is over… and volatility is the new norm. For traders who stay ready, informed, and decisive, the week is full of high-quality setups across equities, commodities, and crypto.
BullRush gives you the tools to test your edge, simulate setups, and compete in real-market conditions. Let your turn volatility into opportunity.
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