Monday, December 2, 2024: Analysis of Key Events and Reports

Monday, December 2, 2024: Analysis of Key Events and Reports

International Events

• 01:00 MSK: Australia - Manufacturing PMI (Nov)
  The indicator is expected to remain stable, reflecting the resilience of the Australian economy.

• 03:30 MSK: Japan - Manufacturing PMI (Nov)
  A slight improvement is anticipated, suggesting gradual recovery in Japanese industry.

• 04:45 MSK: China - Caixin Manufacturing PMI (Nov)
  An increase is expected, indicating strengthened activity in China's small and medium-sized businesses.

• 08:00 MSK: India - Manufacturing PMI (Nov)
  Positive dynamics are forecast, reflecting growth in Indian industry.

• 10:00 MSK: Turkey - Manufacturing PMI (Nov)
  Stability in the indicator is expected, demonstrating resilience in the Turkish economy.

• 11:30 MSK: Switzerland - Manufacturing PMI (Nov)
  A slight decrease is predicted, though the indicator remains in the growth zone.

• 11:55 MSK: Germany - Manufacturing PMI (Nov)
  An improvement is expected, which could positively impact the Eurozone economy.

• 12:00 MSK: Eurozone - Manufacturing PMI (Nov)
  Growth is forecast, reflecting the recovery of industrial activity in the region.

• 12:30 MSK: UK - Manufacturing PMI (Nov)
  Stability in the indicator is expected, suggesting maintenance of current growth rates.

• 13:00 MSK: Eurozone - Unemployment rate (Oct)
  A decrease in unemployment is predicted, indicating an improving labor market situation.

• 16:00 MSK: Brazil - Manufacturing PMI (Nov)
  An increase is expected, reflecting positive trends in the Brazilian economy.

• 17:30 MSK: Canada - Manufacturing PMI (Nov)
  A slight improvement is forecast, indicating recovery in the industrial sector.

• 17:45 MSK: USA - S&P Manufacturing PMI (Nov)
  Growth is expected, which could strengthen the dollar's position.

• 18:00 MSK: USA - ISM Manufacturing PMI (Nov)
  An increase is predicted, indicating strengthened industrial activity.

Russian Events

• 09:00 MSK: Russia - Manufacturing PMI (Nov)
  Growth is expected, signaling recovery in the industrial sector amid stabilizing economic conditions.

Corporate Events

• RusAgro (AGRO): Last day of trading depositary receipts on the Moscow Exchange in the "T+1 glass".
• Polyus (PLZL): Extraordinary General Meeting of Shareholders (EGM) to approve dividends for 9 months of 2024 at 1301.75 rubles per share.
• Avangard (AVAN): Closing of the register for dividend payment of 68.16 rubles per share.
• Inarktica (AQUA): Closing of the register for dividend payment of 20 rubles per share.
• KuibyshevAzot (KAZTP) (preferred shares): Last day with a dividend of 7 rubles.
• Zscaler Inc (ZS): Report after US market close. Expected revenue growth - 21.9%, potentially impacting the global technology sector.

China and Eurozone PMI Indices

China and Eurozone PMI indices are key indicators reflecting the state of their manufacturing sectors. As China is the largest consumer of commodities, improvement in its PMI may indicate increased demand for raw materials, positively affecting Russian exporters. Similarly, PMI growth in the Eurozone signals heightened economic activity, potentially boosting Russian exports to the region.

Corporate Events of Russian Companies

Dividend payments and corporate meetings of Russian companies can significantly influence their short-term dynamics. For instance, the EGM of Polyus to approve dividends for 9 months of 2024 at 1301.75 rubles per share may increase investor interest, leading to a rise in share value. Likewise, the closing of the register for dividend payments by Avangard and Inarktica may generate additional interest in their shares.

Zscaler Inc Reporting

Zscaler Inc, a global leader in cloud cybersecurity solutions, publishes financial reports that can shape sentiment in the technology sector. Strong results from Zscaler could bolster investor confidence in cybersecurity and technology companies, including Russian IT firms, reflecting on their market value.

Recommendations for Traders

• Monitor China and Eurozone PMI: Watch these indices closely as they can affect commodity prices, influencing Russian exporters.
• Focus on Corporate Events: Track dividend announcements and shareholder meetings of Russian companies to anticipate short-term stock movements.
• Evaluate International Reports: Zscaler Inc’s results may provide insight into the technology sector's outlook, impacting both global and Russian IT markets.

Commentary by Sergey Tereshkin

As the founder of Open Oil Market, I see that today's events provide essential insights for investors and traders. The PMI data from China and the Eurozone set the tone for commodity demand, crucial for exporters. Corporate events like dividend payments by Russian companies highlight the importance of timely assessments of market prospects. These indicators are not just data points—they are keys to understanding the broader economic trends shaping the global and Russian markets. Stay informed, analyze thoroughly, and make well-founded decisions.