Detailed Review of Economic Events and Corporate Reports for Monday, December 8, 2025. Key Macro Data, Company Reports from the US, Europe, Asia, and Russia, Important Guidelines for Investors.
Macroeconomic Background
The global economic events of Monday are more of a secondary nature, but they may provide guidelines for the markets:
- Japan - GDP (Q3, revised): The day will kick off with the publication of updated data on Japan's economic growth for the third quarter of 2025. Preliminary estimates indicated a decline of 0.4% quarter-on-quarter, with analysts not ruling out an adjustment to around -0.5%. The weakness in Japanese GDP reflects reduced export demand and consumer caution. These data may influence sentiments on the Tokyo Stock Exchange: the Nikkei 225 index is sensitive to signals regarding the economic state and the policies of the Bank of Japan.
- Eurozone - Sentix Investor Confidence Index (December): The European session will see the release of the fresh Sentix sentiment index for December. The previous reading in November was around -7.4 points, indicating continuing pessimism in the region. It is expected that the index will remain in negative territory, reflecting investors’ caution regarding the Eurozone's economic outlook. Although the impact of Sentix on the market is limited, an improvement in the index could support European stocks, including the Euro Stoxx 50.
- USA - Manufacturing Orders (October): The American economic calendar is devoid of significant events – at 18:00 MSK, a report on factory orders for October will be released. The previous month saw an increase of 1.4% month-on-month, and a more modest dynamic is expected this time due to high Federal Reserve rates. These data will provide insights into the condition of the US industrial sector: a slowdown in order growth could signal an economic cool-off. However, the impact of this statistic on the S&P 500 index is anticipated to be muted, considering the more significant events of the week ahead.
- USA - Treasury Auctions: During the day, the US Department of the Treasury will conduct short-term securities placements – 3-month and 6-month bills (at 19:30 MSK), and a 3-year Treasury note auction (at 21:00 MSK). Investors will closely monitor the demand for US government debt: a high bid-to-cover ratio and low yields at these auctions would indicate sustained interest in safe assets. The results of these placements may influence bond yields and indirectly affect sentiments towards risk assets.
Overall, the macroeconomic backdrop for Monday is neutral. Markets are trading without sharp movements, as participants have adopted a wait-and-see stance ahead of more significant events scheduled for the week. The absence of major statistical surprises at the day’s start allows investors to focus on upcoming central bank meetings and other market drivers.
Corporate Reports in the USA
On December 8, about two dozen public companies are set to release their financial reports on the American market; however, most of them belong to the mid- and small-cap segments. Major issuers from the S&P 500 index are virtually absent on this day, so the reports are unlikely to have a broad market impact. Nevertheless, investors are keeping an eye on the following companies:
- Toll Brothers (NYSE: TOL): One of the largest homebuilders in the US will present its results for the 4th quarter of the 2025 financial year. Analysts forecast high quarterly earnings (around $4.9 per share) with revenue exceeding $3.3 billion, approximately 5-6% higher than last year’s figures. Despite rising mortgage rates in 2025, Toll Brothers has managed to capitalize on robust demand for luxury housing and increase home prices, maintaining its margins. Investors will be on the lookout for signals in the report regarding the state of the US real estate market and management’s commentary on sales prospects against the backdrop of high borrowing costs.
- Phreesia, Inc. (NYSE: PHR): The American company providing IT solutions for healthcare will report on its 3rd quarter for the 2026 financial year. Although Phreesia is not considered a blue-chip stock, its results are of interest as an indicator of trends in the digital health sector. Investors will evaluate the company’s revenue growth and its path to profitability, particularly in light of the overall slowdown in investments in healthcare technologies.
- Ooma, Inc. (NYSE: OOMA): The cloud telecom service provider for businesses and home users will publish its report for the 3rd quarter of the 2026 financial year. Ooma is expected to show steady growth in subscriber numbers and revenue in double digits year-on-year, driven by demand for internet telephony services. The results from Ooma are relevant within the context of the communications sector: they will indicate whether growth among small tech companies persists amid competition with larger corporations.
Overall, the impact of corporate reports on Monday in the US will be selective. If Toll Brothers' report exceeds expectations, it could short-term support the shares of developers and real estate-related companies. Conversely, weak results from some mid-sized companies, such as Phreesia or Ooma, are unlikely to elicit a broad market reaction. Investors are more likely to assess the overall tone of the reporting period outside the main season to determine whether a positive trend in company earnings is maintained towards year-end.
Corporate Reports in Europe
In Europe, no financial reporting from major companies within the Euro Stoxx 50 or FTSE 100 indices is scheduled for this Monday. Most European issuers reported their third-quarter results back in October-November, and now there is a lull before the annual results season begins. Therefore, December 8 will see a relatively calm session for investors in the region without significant corporate drivers.
The absence of reports allows the market to focus on external factors and macroeconomic news. European exchanges will predominantly react to overall risk appetite and morning data (such as the Sentix index). Moreover, market participants will begin to build expectations ahead of key events in the coming days, particularly the European Central Bank’s meeting scheduled for Thursday. Any hints of a policy shift from the ECB (for instance, comments on interest rates or bond purchases) could overshadow minor news, so a calm Monday could provide European investors with an opportunity to prepare for the volatility expected later in the week.
Events in Asia
The Asia-Pacific markets on December 8 are also devoid of corporate publications. Major companies in the region have completed their reporting for the previous quarter; the next reporting cycle in Asia typically starts at the beginning of the following year. Thus, on this day, investors in Asia are mainly focusing on macroeconomic news and external indicators.
Ahead of Monday's trading opening, many Asian indices are demonstrating muted dynamics. The Japanese Nikkei 225 and Chinese Shanghai Composite are trading without significant changes while digesting the morning statistics. Some support for sentiment is coming from reports indicating that the Chinese economy is showing signs of stabilization (for example, markets are expecting the release of lending and inflation data from China later in the week). At the same time, a weak Japanese GDP is tempering risk appetite in Tokyo.
While there are no major reports from Asian corporations today, interesting events in the region are anticipated later in the week. For instance, on Wednesday, Taiwanese company TSMC will release its sales data for November, alongside chipmaker MediaTek announcing its revenue. These figures will provide important signals about demand in the global tech sector and the state of the semiconductor industry towards year-end. Investors focusing on Asian markets will factor this information into their strategies, while monitoring external factors and currency dynamics (especially the yen's exchange rate following the GDP data release).
Russian Market: News and Reports
For the Russian market, Monday is primarily marked by regulatory news and second-tier corporate events:
- Bank of Russia Lifts Currency Restrictions: As of December 8, the decision by the Central Bank of Russia to lift remaining restrictions on foreign currency transfers abroad for individuals comes into effect. Such limits were previously introduced to maintain financial stability; however, the sharp strengthening of the ruble in November allowed the regulator to ease control. From now on, Russians and residents of friendly countries will be able to freely transfer currency abroad. For the market, this is a positive signal: lifting restrictions enhances trust in monetary policy and indicates stabilization in the currency market. Participants will monitor how the Central Bank's decision affects the demand for foreign currency and the ruble's exchange rate; forecasts converge on the notion that immediate pressure on the ruble will not emerge due to sufficient liquidity.
- Acron - Last Day with Dividends: On Monday, shares of one of Russia's leading chemical enterprises are trading for the last day with a dividend. The shareholder register for Acron to receive interim dividends for the first nine months of 2025 closes on December 9, making December 8 the final opportunity to purchase shares under the dividend. The payout amounts to 189 rubles per share, corresponding to a yield of about 1.2% at the current price. Anticipation of a generous dividend had previously supported Acron's share prices; following the ex-dividend date, a slight technical dip in share prices commensurate with the payout is possible. Nonetheless, fundamentally, the company feels confident due to high fertilizer prices, prompting many investors to hold positions even after the dividend period ends.
- Renaissance Insurance - Shareholders' Meeting: The holding company "Renaissance Insurance" is holding an extraordinary shareholders' meeting where a decision will be made regarding the payment of dividends for the first nine months of 2025. The company may allocate a portion of its profits to reward shareholders, marking the first such decision this year. While Renaissance's shares do not make it into the Moscow Exchange index and their liquidity is moderate, the fact of a potential dividend payout reflects a trend of Russian companies returning to the practice of regular dividends. Although this news is unlikely to be a market driver, it signals an improvement in the financial condition of specific representatives in the insurance sector.
No earnings reports from large Russian issuers are scheduled for December 8 – the quarterly reporting season on the Moscow Exchange is currently on hold. Thus, the domestic market primarily responds to the overall environment and news from regulators. Oil prices and the ruble’s exchange rate remain key guidelines for investors from Russia at this stage; however, substantial disruptions in these indicators are not expected on Monday without new external triggers.
Conclusion: What Investors Should Pay Attention To
The calm Monday of December 8 serves as a prologue to a week filled with events. Investors should use this day for assessing positions and preparing for upcoming market movements. Early Tuesday will see the Reserve Bank of Australia's meeting, the outcome of which will set the tone for Asian markets. On Wednesday, global attention will turn to the US Federal Reserve – markets are pricing in the first rate cut in a long time, which could significantly impact global financial conditions. Additionally, in the following days, meetings will be held by the central banks of Canada, Switzerland, and the Eurozone, likely spurring waves of volatility in the respective markets.
Beyond the macroeconomic landscape, corporate news also remains in focus: in the second half of the week, reports from several large companies such as Oracle, Broadcom, and lululemon athletica will be released. Their results are critically important for the tech and consumer sectors and could dictate the direction of the corresponding stocks. For investors from the CIS, closely monitoring these events is advisable, even if Monday is uneventful. The moderate market activity at the week's onset offers an opportunity to analyze accumulated information and prepare for potential fluctuations. During such periods, maintaining caution and flexibility is key to quickly responding to any surprises that the remainder of the week may bring.
