Key Economic Events and Corporate Reports for Tuesday, December 2, 2025: Eurozone CPI, US JOLTS, Powell's Speech, Reports from CrowdStrike, Marvell, Okta, American Eagle, Signet, and Other Companies. A Comprehensive Overview for Investors.
On Tuesday, the focus will primarily be on corporate reports from major US technology and retail companies, while macroeconomic statistics take a backseat. Investors will be closely monitoring the releases from CrowdStrike and Marvell, as their results will set the tone for the cybersecurity and semiconductor sectors in the US. The performance of American retailers such as American Eagle and Signet will impact consumer sentiment and the S&P 500. Foreign policy events are also significant: in Moscow, US Special Envoy Steve Witkoff will meet with Vladimir Putin, and NATO ministers will discuss a peace plan for Ukraine. The geopolitical agenda could heighten volatility in the oil market and the defense sector. Amid sparse data, the focus shifts to corporate forecasts and international news.
US and Canadian Corporate Earnings
- CrowdStrike (CRWD, US) – a leading player in the cybersecurity sector. After market close, they will release their third-quarter report. Investors are interested in revenue growth from cloud services and annual recurring revenue (ARR).
- Marvell Technology (MRVL, US) – semiconductor manufacturer. They will publish financial results with a key focus on sales trends of specialized chips for data centers (especially in the artificial intelligence sector) and 5G networks.
- Okta (OKTA, US) – provider of cloud identity and access management solutions. Reporting after market close, the company will disclose the number of new corporate clients and subscription revenue, reflecting the state of IT budgets across organizations.
- American Eagle Outfitters (AEO, US) – an American youth clothing retailer. Their report will serve as an indicator of demand for consumer goods ahead of the holiday season. Margins and sales forecasts during this key period will be particularly critical.
- Signet Jewelers (SIG, US) – the world's largest retailer of jewelry (brands include Kay, Zales, etc.). Strong sales growth is anticipated for fashion jewelry and lab-grown diamonds in the second quarter. Investors will assess the demand recovery in the engagement and wedding segment, as well as margin prospects.
- Bank of Nova Scotia (BNS, Canada) – one of Canada’s leading banks. The fourth-quarter earnings report for 2025 will indicate how the bank is coping with inflationary pressures and rising interest rates. It will be important to monitor the metrics concerning the loan portfolio and reserves to evaluate Canada's financial sector.
European and Asian Company Reports
- Fast Retailing (TYO:9983, Japan) – the parent company of Uniqlo. This company will report on sales for November, providing insight into consumer demand in Asia and Europe as Uniqlo actively expands in these markets.
- Other Global Markets – on December 2, there are no significant blue-chip reports from Europe. Investors will focus on macroeconomic news: European and Asian indices (Euro Stoxx 50, Nikkei 225) are likely to react more to inflation data and foreign policy developments than to corporate releases.
Macroeconomic Calendar (MSK Time)
- 00:30 – US: API crude oil inventories report. Preliminary data on oil, gasoline, and distillate stocks will set the tone for the oil market ahead of the official publication by the US Department of Energy.
- 04:00 – US: Speech by Federal Reserve Chairman Jerome Powell. Comments from the Chairman of the Federal Reserve may provide hints about the regulator's future actions.
- 13:00 – Eurozone: Preliminary Consumer Price Index (CPI) for November. The year-on-year change in Eurozone inflation is crucial for forecasting European Central Bank monetary policy.
- 18:00 – US: JOLTS report (Job Openings and Labor Turnover Survey, September). This indicator illustrates trends in the labor market and provides signals about the hiring pace in the US economy.
Geopolitical Factors
- US–Russia: In Moscow, US Special Envoy Steve Witkoff is negotiating with President Putin. This meeting amidst the situation in Ukraine and potential energy contracts may trigger volatility in the currency and commodity markets.
- NATO: Meeting of alliance foreign ministers. Special attention will be on discussing the peace plan for Ukraine, previously proposed by Donald Trump. The participation of key European leaders (including Dutch Prime Minister Mark Rutte) may influence expectations regarding the geopolitical situation.
- China–Russia: Chinese Foreign Minister Wang Yi concludes his visit to Moscow (December 1–2). Bilateral talks on security and trade may strengthen trade ties between the countries.
- Russia: The 16th VTB Investment Forum "Russia Calls!" has kicked off in Sochi (Day 1). The forum discusses major investment projects and measures to improve the business climate in Russia, which is essential for understanding the prospects of the Russian capital market.
Commodity Markets
- Oil: Oil prices may react sensitively to news regarding inventories and geopolitics. The API data (00:30) will indicate the demand/supply balance before the weekly EIA report. Negative geopolitical signals (Ukraine, sanctions) could push Brent and WTI prices higher.
- Metals and Commodities: No significant reports expected. Copper and industrial metals remain under pressure due to weak demand in China. Gold and silver maintain demand as a "safe haven" amidst geopolitical uncertainty and expectations of a rate cut by the Fed.
End of Day: Key Points for Investors
- The results of CrowdStrike and Marvell will determine the mood in the technology sector. Strong revenue growth figures and expected ARR may support the Nasdaq and S&P 500, while weak reports could lead to sell-offs in tech stocks.
- Retailers' reports (American Eagle, Signet) will reveal consumer spending trends ahead of the holidays. High sales will bolster optimism in the US market, while poor performance could decrease confidence in the durability of consumer demand.
- The Eurozone inflation data and JOLTS job vacancies will provide insight into the outlook for monetary rates. A slowdown in inflation or weakness in the labor market could support bonds and the EUR currency, potentially weakening the dollar and improving global risk sentiment.
- Geopolitics remains a factor of uncertainty. Witkoff's meeting with Putin and discussions within NATO regarding the US plan could increase demand for "safe" assets and oil. Russians should monitor energy price dynamics and the ruble rate for potential fluctuations.
- For CIS investors, it is essential to watch the behavior of global indices. On Wednesday, attention will be on the S&P 500, Euro Stoxx 50, Nikkei 225, and Moscow Exchange – their reactions to the combination of corporate reports and macro news will give insights into the trend for the following day.
