In-Depth Overview of Economic Events and Corporate Reports for Tuesday, December 9, 2025. Key Macro Data, Investor Expectations, US, European, Asian, and Russian Company Reports.
As trading begins on Tuesday, December 9, 2025, investors are focusing on the Reserve Bank of Australia's (RBA) meeting and the upcoming Federal Reserve meeting in the US. Key corporate news centers around reports from major corporations: US auto parts retailer AutoZone (Q1 results for fiscal year 2026) and Russian bank Sberbank (results for 11 months according to RAS). Other companies reporting on the same day include Ashtead, Campbell’s, GameStop, and Core & Main. Markets are analyzing macroeconomic signals and corporate reports to shape investment strategies.
Macroeconomic Calendar (MSK)
- 06:30 — Australia: RBA's decision on the key interest rate (expected to remain at 3.6%).
- 09:00 — Japan: preliminary industrial production data (November).
- 15:30 — US: labor productivity and costs for Q3 (preliminary data).
- 19:00 — US: speeches from Federal Reserve representatives (market expectations survey prior to next week's meeting).
- 00:30 (Wednesday, MSK) — US: API crude oil inventory change data (weekly).
Australia: RBA Meeting
In Australia, the central bank is expected to maintain the key rate at a record low of 3.60% following a two-day meeting on December 8-9. This decision is anticipated by all economists surveyed, as inflation slightly exceeds the target zone (3.2% per annum) and GDP growth slowdown encourages a soft monetary policy stance. The RBA will emphasize the need for a "prolonged hold" on interest rates at current levels to avoid overheating the economy. For the ruble and emerging markets, this suggests less likelihood of a sharp depreciation of the Australian dollar and moderate declines in bond yields. Given market concerns about inflation, investors will closely monitor the RBA statement and its impact on interest rate expectations in Asia.
Oil and Commodities: Keeping Course
The energy sector remains in focus. At recent OPEC+ meetings, countries agreed to maintain restrictive production quotas in Q1 2026. With moderate demand, the current oil balance remains tight. Current Brent prices are holding in a narrow range of $65-70.00 per barrel, supported by stabilizing inventories in the US. In this context, it is crucial for investors to keep track of EIA and API inventory data, which will indicate the pace of stockpile accumulation or depletion. A rise in inventories could pressure prices, while an unexpected decline could support oil companies. Additionally, prices for other commodities (metals, grains) are under pressure from a strengthening dollar and a slowing global economy, which restricts commodity price growth.
Europe: Cautious Expectations
In Europe, the main focus will be on the British economy and the Eurozone. With limited significant data available on Tuesday, investors are assessing the consequences of tightened energy policies and inflation. The Bank of England and ECB continue to maintain high rates, and any positive signals regarding inflation reduction could trigger a weakening of the pound and euro. European stock indices (Euro Stoxx 50, FTSE, DAX) will be sensitive to global equity markets and commodity prices. Investors are also watching the outcomes of European corporate reports for Q3; only a few companies from Euro exchanges will report on Tuesday, but releases in the coming days could shift market sentiment.
Earnings Reports: Before Market Open (US, Europe, Asia)
- Ashtead Group (AHT, UK) — a major construction equipment rental company (FTSE 100). Will present Q2 results for the fiscal year 2026 (September-November) before the opening of European trading.
- Sberbank (MOEX: SBER) — leading Russian bank. Will disclose operational results according to RAS for the 11 months of 2025.
- Henderson — Russian retail clothing chain (managed by FORT Group). Will publish revenue data for November 2025.
- Ferguson (FERG, US) — distributor of building materials (NYSE). Will report on the results of Q1 for the fiscal year 2026 (ending October 31, 2025). Conference call scheduled for 14:45 MSK.
- AutoZone (AZO, US) — major auto parts retail chain (S&P 500). Will report results for Q1 of fiscal year 2026 (ending November 30, 2025) before market opening. Analysts will assess sales dynamics in the US and Mexico.
- The Campbell’s Company (CPB, US) — food products manufacturer. Will report Q1 results for fiscal year 2026 (September-November) before NYSE opening. Investors are interested in revenue growth and margins following a decline last year.
Earnings Reports: After Market Close (US)
- GameStop Corp. (GME, US) — video game retailer. Will report Q3 results for fiscal year 2025 (July-September) after market close. Investors expect continued revenue growth amid the launch of new gaming consoles and the development of the NFT segment.
- Core & Main (CNM, US) — supplier of materials for water and sewer systems. Will publish Q2 report for 2025 (April-June) after market close. Analysts evaluate stability in infrastructure demand and the impact of rising costs.
- Dave & Buster’s (PLAY, US) — entertainment restaurant chain. Will announce financial results for Q3 of fiscal year 2025 (October-December) after market close. Focus will be on LFL sales dynamics and expansion plans.
- Cracker Barrel Old Country Store (CBRL, US) — themed restaurant and gift shop chain. Will report for Q2 of fiscal year 2025 (August-October) after NYSE close. In focus will be the comparison of operational profits with the previous year.
- Lands’ End (LE, US) — retailer of clothing and home goods. Will present financial results for Q3 of 2025 (October-December) after market close. Attention will be on changes in consumer demand and online sales strategies.
Other Regions and Indices: Euro Stoxx 50, Nikkei 225, MOEX
- Euro Stoxx 50 (Eurozone) — No significant releases or blue-chip reports are expected on Tuesday. The index's dynamics are affected by news from the US and Asia, as well as the energy crisis and inflation. Investors prioritize the quarterly reporting of European industrial giants, which will begin this week.
- Nikkei 225 (Japan) — the earnings season for Q2 (April-September) continues for many companies. On Tuesday, the focus will be on reports from major industrial enterprises and automotive component suppliers, as well as signals from the Bank of Japan regarding possible policy easing. Volatility on the Tokyo Stock Exchange will be restrained due to local trading and external factors.
- MOEX (Russia) — the local market responds to macro-news in the medium term: the ruble holds around 76-77 per dollar amid moderate profits from oil exports. The report from Sberbank and expectations for year-end dividends remain in focus. Among large companies, key sectors include energy and metallurgy, with their reporting season starting later (January-February).
Summary: What Investors Should Focus On
- RBA Rate — The Reserve Bank of Australia's decision (expected to remain unchanged) sets the tone for the Australian dollar and commodity currencies. The risk of a new wave of tightening in November is priced in by the markets, so in case of "inaction" on key rates, the AUD may dip slightly, which will provide modest support for commodity indices.
- Monetary Policy from the Fed — Although the Fed's official decision will come tomorrow, investors are already assessing interviews and public speeches from FOMC members. Any signs of readiness to lower rates or, conversely, the desire to "hold" them at current levels will inevitably be reflected in Treasury yield dynamics and US tech stock quotations.
- Corporate Earnings — Focus will be on the results from AutoZone (auto parts sales) and GameStop (video games), as well as from Sberbank and other major firms. Strong results may shift investors' focus from macroeconomics to specific sectors: tech and consumer stocks respond sharply to updates on revenue and profits.
- Oil and Commodities — Consolidation around $66–68 per barrel for Brent creates risks for energy companies. It is advisable to track weekly inventory data and any potential statements from OPEC+ about extending quotas. With record low expectations for demand growth, oil prices continue to be held, but a recovery in global demand could quickly alter the balance.
- Risk Management — The day is dense with events, creating volatility in the markets. It is prudent for investors to pre-define "corridors" for price movements of stocks and currencies, to use limit orders, and to hedge key positions. Attention should be paid to announcements from major issuers and to prepare for quick market reactions to unexpected data.
