27.10.202013:13 Forex Analysis & Reviews: Reports from Pfizer and Microsoft could shake up stock markets.

These events may affect the market on Tuesday.

1. Profits of drug manufacturers

Four major drug manufacturers are preparing earnings reports before the market opens as investors hunger for any information on progress in the development of possible vaccines and treatments for COVID-19.

Analysts say Merck will earn $ 1.44 per share on $ 12 billion in revenue, while Pfizer will earn 69 cents per share on $ 12.3 billion in revenue.

Novartis is expected to report earnings of $ 1.44 per share on revenue of $ 12.6 billion, while Eli Lilly and Company is expected to report earnings of $ 1.71 per share on revenue of $ 5.9 billion.

2. Reports of large industrial and technology companies

Caterpillar is expected to report $ 1.17 in earnings on $ 9.7 billion in revenues, and 3M Company is expected to post earnings of $ 2.26 per share on $ 8.31 billion in revenues.

In the tech sector, Advanced Micro Devices Inc is expected to report a profit of 35 cents on revenue of $2.6 billion, while Microsoft Corporation is expected to report a profit of $1.54 per share on revenue of $35.7 billion.

3. Measuring consumer confidence on the eve of elections

October consumer confidence figures will be released at 10:00 am ET (14:00 GMT). The expected figure is 102, which is slightly higher than the 101.8 in the previous month.

This figure is important as a sign that there is support for spending, which accounts for two-thirds of US economic output. Millions of families are under pressure from job and wage losses, and Congress remains stumped over negotiations for another aid package.