Analytical Review of Economic Events and Corporate Reports for Monday, December 1, 2025. Key Macroeconomic Data, Corporate Earnings Reports from the USA, Europe, Asia, and Russia.
Monday will deliver a fresh wave of crucial macroeconomic data and corporate earnings reports. Investors will be particularly focused on the U.S. manufacturing activity indicators (PMI, ISM), the speech by Federal Reserve Chair Jerome Powell, and the conclusion of "Black Friday" online sales (Cyber Monday). Markets are also evaluating the results of the OPEC+ meeting, where oil-exporting countries have predictably maintained production at current levels. The day promises to be eventful, and it's essential for investors to monitor market reactions across American, Asian, and Russian markets.
Global Macroeconomics
Global stock markets closed the previous week on a positive note: the S&P 500 rose by approximately +1% at the end of Friday, while NASDAQ gained +0.9%. This rally sparked hopes for an economic turnaround and expectations of a more accommodative monetary policy. On Monday, traders will focus on the U.S., where the ISM manufacturing activity index (November) and the final S&P Global summary for the same PMI will be released. Jerome Powell's speech will further amplify the importance of this data release, as markets attempt to discern signals regarding the timing and depth of the next interest rate decision. Currently, federal fund futures have priced in nearly 80% probability of a rate cut in December, and if the data comes in stronger than expected, confidence in the anticipated easing may wane.
Consumer Demand - Cyber Monday
For the retail sector, the "Black Friday" sales event concludes with five days of promotions leading up to Cyber Monday. Initial data indicates record activity: U.S. online sales have surpassed last year's records, with experts expecting total revenues to be 5-7% higher than last year's figures. This has significantly supported the American market as consumers actively took advantage of discounts, particularly in the online segment. Investors will analyze this data as an indicator of consumer demand and its impact on quarterly retail earnings reports. Monitoring consumer sentiment (Michigan index) at the end of the week will also reveal how "sale-induced" optimism has affected household sentiments.
Oil Market and OPEC+
Over the past weekend, OPEC+ countries held a meeting and, as expected, maintained production levels for the first quarter of 2026. There were no surprises, and oil prices remain stable: Brent is trading around $62–63 per barrel. The outcome of the meeting conveys a message of stability outweighing aggressive production increases. Without enhanced cuts, oil supply is likely to remain stable, preventing a significant rise in "black gold" prices. However, there is an ongoing risk of new price pressures arising from geopolitical upheaval or unexpected reductions in demand. Traders in Russian assets will also closely monitor the results of the OPEC+ meeting, as the potential for a continued supply surplus could weigh on the currency rates of commodity-exporting countries, including the ruble.
Corporate Earnings Reports from the USA
- MongoDB (MDB): On Monday evening, the company will hold a conference call regarding its financial results for Q3 of the 2026 fiscal year. Analysts expect revenue growth driven by the adoption of cloud products. Investors are curious whether the company's high forecasts for expanding its customer base and profitability will be realized.
- Credo Technology (CRDO): Also after market close, it will release financial results for the second fiscal quarter of 2026. Strong report indications suggest continued growth in the optical networking solutions business amid booming demand for AI infrastructure.
- ITT Inc. (ITT): Will publish its Q3 report. This industrial group typically announces results in early December. Increased demand in the aerospace and automation segments could enhance profit forecasts.
Investors will compare these companies' results with previous expectations and analyze management commentary. Earnings reports from technology and industrial firms will provide a benchmark for corporate spending and investment trends.
Corporate Earnings Reports from Europe and Asia
In Europe and Asia, there are no significant reports scheduled for Monday; however, market participants are gearing up for a week packed with corporate events. Future days will feature presentations of results from major German automakers and banks, as well as reports from Japanese corporations. While Cyber Monday keeps the focus on consumers, participants in Asia are assessing local market reactions to global trends, such as the recovery in semiconductor demand or currency movements. Attention will also be directed toward the state of the Russian market amid external factors.
The Russian Market
The Moscow Exchange showed moderate growth on the last trading day of Friday, buoyed by positive dynamics from "Black Friday" and stabilization in oil prices. The ruble strengthened against the dollar, holding above 75 per USD. On Monday, external signals — OPEC+ decisions regarding oil and U.S. macro statistics — may have a significant impact on Russian assets. Local events in early December are limited to the release of confidence indices or weak corporate data, thus shifting the focus to global dynamics. Russian investors should closely monitor oil price changes and the dynamics of the ruble, as they continue to determine the performance of many securities on MOEX.
What Investors Should Pay Attention To
- ISM and PMI (USA): The results will reflect the strength of the manufacturing sector, which is particularly crucial amid expectations of a Federal Reserve rate cut. A slowdown or acceleration in PMI growth could sharply adjust monetary policy forecasts.
- Jerome Powell's Speech: Any comments regarding the future path of rates or the economic situation in the USA will instantaneously influence market expectations and currency rates.
- Black Friday/Cyber Monday: Final figures for retail and online sales will be scrutinized. Strong results will boost confidence in the retail sector and consumer demand, while weak outcomes will heighten caution.
- Oil Market: The persistent stability of OPEC+ production keeps prices at current levels. However, all eyes are on potential shifts in demand and supply dynamics; oil continues to influence the energy sector's mood and the currency exchange rates of commodity-dependent economies.
- Company Reports: MongoDB and Credo will showcase trends in technology and networking solutions, while ITT will represent industrial trends. Investors should observe whether analysts' forecasts will be confirmed and adjust sector growth estimates accordingly.
Collectively, these factors will set the tone for trading at the beginning of December. By continuously monitoring indicators and corporate news, investors can better position themselves for any market fluctuations.
