Economic Events and Corporate Earnings December 8-12, 2025

Overview of Key Economic Events and Corporate Earnings Reports for the Week of December 8-12, 2025, with Analysis of Impact on Global Markets for Investors

During the week of December 8-12, 2025, investors worldwide monitored important economic events and quarterly earnings reports from major companies. The macroeconomic statistics of these days included central bank decisions and the publication of key inflation data, influencing the state of the global macroeconomy and sentiment in the stock market. At the same time, major public companies from the US, Europe, and Asia (including representatives from the S&P 500, Euro Stoxx 50, Nikkei 225, as well as Russia's MOEX) released their quarterly earnings and annual company reports. Below is a daily overview of the week's key events and corporate reports, tailored to the needs of investors, analysts, and financial professionals.

Monday, December 8, 2025

Macroeconomic Events

• China (Morning MSK): Release of foreign trade data for November. The statistics showed a significant increase in China's trade surplus, indicating high external resilience for the world's second-largest economy amid global challenges.
• Brazil (Day MSK): Release of several economic indicators, including data on industrial production and inflation, signaling the current state of the largest economy in Latin America.
• No other significant macroeconomic publications were scheduled for this day.

Corporate Earnings Reports

• Toll Brothers (US): The largest luxury homebuilder published its fourth-quarter financial report. Investors noted an increase in the company's revenue and profit amid strong demand for premium housing. Positive results from Toll Brothers bolstered optimism in the housing construction sector.
• Compass Minerals (US): The mineral producer reported its quarterly results. The company recorded moderate revenue growth; however, investors closely assessed the forecast for commodity demand amid fluctuating prices.
• Phreesia (US): The healthcare solutions provider presented quarterly earnings with zero earnings per share, meeting expectations. The results signal business stability, but further investment will depend on revenue trends in subsequent reporting periods.

Tuesday, December 9, 2025

Macroeconomic Events

• 03:30 MSK – Australia: Reserve Bank of Australia (RBA) meeting and decision on interest rates. The RBA maintained its rate unchanged at 3.60%, which aligned with expectations. In its accompanying statement, the regulator highlighted stable inflation within the target range, signaling a wait-and-see position regarding further easing of monetary policy.
• 12:00 MSK – Eurozone: Publication of preliminary consumer price index data. The preliminary estimate of inflation in the Eurozone showed a slowdown in price growth, attracting the attention of investors in the European stock market and could influence upcoming decisions by the European Central Bank.
• 17:00 MSK – China: Release of producer price index (PPI) and consumer price index (CPI) for November. The dynamics of Chinese inflation remained subdued, with the CPI indicating low price growth and the PPI confirming ongoing deflationary trends at the producer level. These economic events in China are vital for Asian markets and commodity prices.

Corporate Earnings Reports

• AutoZone (US): The largest retailer of automotive parts (S&P 500 index) published its first financial quarter report. AutoZone's sales increased, particularly in the segment serving an aging vehicle fleet. Despite a slight decline in profit, adjusted figures indicate strong demand: comparable sales increased, and the expansion of its store network continues, positively viewed in the context of investments in the auto parts sector.
• Campbell Soup Company (US): The American food company presented results for the past quarter. The manufacturer of well-known food brands reported stable revenue and confirmed its annual forecast, indicating continued consumer market demand.
• GameStop (US): The well-known video game retailer and "meme stock" presented quarterly results. GameStop's revenue significantly increased (+22% year-over-year) to approximately $972 million due to successful sales of new gaming equipment (including the launch of the Nintendo Switch 2 console). While the company remains unprofitable, investors noted improvements in margin and plans from the new management for business model transformation.
• Casey’s General Stores (US): The operator of a chain of convenience stores and gas stations reported an increase in fuel sales and related products. Casey’s financial performance confirmed the recovery trend in consumer activity across the US regions.
• Ferguson PLC (UK/US): An international distributor of engineering equipment (part of the FTSE 100 and S&P 500 indices) published financial results reflecting growth in quarterly revenue in North America. Investors reacted positively to the report, as it signaled stable demand for construction and repair products.

Wednesday, December 10, 2025

Macroeconomic Events

• 04:30 MSK – China: Consumer Price Index (CPI) for November. Annual inflation in China remained close to zero, reflecting weak domestic price growth. Low CPI and PPI figures (released earlier) signal a lack of price pressure, which could prompt the People's Bank of China to maintain a soft policy and support the economy with stimulus measures.
• 17:45 MSK – Canada: Bank of Canada meeting and decision on interest rates. The regulator kept the rate at 2.25%, as expected by the market. In the accompanying statement, the Bank of Canada noted slowing growth and moderate easing of inflation, indicating the need for balance between supporting the economy and controlling prices. The Canadian dollar reacted with a slight strengthening, considering the absence of signals for further rate cut.
• 22:00 MSK – US: Federal Reserve System (FOMC) decision on the key interest rate. **The Fed lowered the rate by 0.25% following a widely predicted two-day meeting, bringing it to a range of 5.25-5.50%.** In comments, the FOMC noted a slowdown in inflation in the US, however, Chairman Jerome Powell emphasized during the press conference (22:30 MSK) that the easing cycle will depend on further macro data. This key event of the week triggered elevated volatility in global markets: the US dollar index briefly declined, while stock indices, including the S&P 500, reacted by rising on hopes for a softer monetary policy.

Corporate Earnings Reports

• Adobe (US): One of the leaders in the software sector (S&P 500 index) published financial results for the fourth quarter of the financial year. Adobe showed strong revenue growth from subscriptions to its cloud services, exceeding analysts' forecasts. Investors highly regarded the double-digit growth in the digital media segment and the positive outlook for the following year, strengthening the company's stock positions.
• Oracle (US): The largest company in the corporate IT solutions sector reported on its second financial quarter results. Oracle recorded an increase in profit and cloud revenue, supported by rising demand for cloud services and database products. Oracle's report was one of the most anticipated of the week, and its strong figures supported the upward trend of technology company stocks in the US market.
• Synopsys (US): Chip design software developer presented its annual report. Synopsys showed revenue growth due to increased orders from semiconductor manufacturers. The results indicate robust investments from the technology sector in the development of new chips, which is crucial for long-term investments in the high-tech industry.
• Nordson (US): An engineering and industrial company (supplier of dispensing and coating equipment) published its fourth-quarter report. Despite a slight decline in year-over-year sales, Nordson's profit exceeded expectations due to improved operational efficiency. This indicates the company's adaptability during fluctuations in industrial demand.
• Oxford Industries (US): A fashion house (owner of brands including Tommy Bahama) presented quarterly results with a rise in sales. The pre-season sales of clothing during the holiday period were notably successful, improving the company's outlook for the final quarter of the year.
• Chewy (US): The online retailer of pet products reported before the market opened. Chewy reported revenue growth due to an increase in the number of active customers and average transaction value. Although growth rates have slightly slowed, the company confidently maintains its market share, while investors monitor profitability metrics for the e-commerce business amid heightened competition.

Thursday, December 11, 2025

Macroeconomic Events

• 03:30 MSK – Australia: Labor market report (employment and unemployment rates for November). According to the released data, Australia's unemployment rate remained at minimal levels (around 4.3%), and the number of employed continued to grow. This indicates the resilience of the labor market, supporting the national economy. The Australian dollar reacted positively, as strong data reduce the likelihood of an imminent rate cut by the RBA.
• 11:30 MSK – Switzerland: Swiss National Bank (SNB) meeting. The regulator expectedly maintained the interest rate at 0.0% following a series of cuts earlier in the year. The SNB highlighted its readiness to intervene in the currency market if needed to curb excessive strengthening of the franc. During the press conference (12:00 MSK), SNB management confirmed its commitment to soft monetary policy, which slightly weakened the Swiss franc in the foreign exchange market.
• 16:30 MSK – US: Producer Price Index (PPI) for November. The dynamics of PPI in the US were moderate (+0.2% month-on-month), indicating a weakening of inflation pressure at the production level. This indicator, being a leading indicator of inflation, supports expectations for a slowdown in consumer price growth. This news was positively received by the US stock market, as it reduces the likelihood of aggressive actions from the Fed.

Corporate Earnings Reports

• Broadcom (US): One of the largest global semiconductor manufacturers (S&P 500 index) reported its fourth-quarter results after the market closed. Broadcom achieved strong financial results for the quarter: revenue and profit exceeded forecasts due to high demand for chips for data centers and networking equipment. Additionally, the company announced an optimistic outlook for the coming year, considering rising investments in artificial intelligence infrastructure. This news resulted in a positive reaction from investors and a rise in Broadcom's stock.
• Lululemon Athletica (US): Canadian-American athletic apparel manufacturer (Nasdaq-100 index) presented its third-quarter report. Lululemon reported double-digit sales growth both in retail stores and online, particularly noting success in the men's clothing and accessory segments. Profitability also improved. The successful reporting from the company highlighted the resilience of premium consumer demand, positively impacting retail sector quotes.
• Costco Wholesale (US): The largest operator of retail club stores (S&P 500 index) published financial results for the first quarter of its 2026 fiscal year. Costco recorded growth in comparable sales, especially in the grocery category, despite a challenging inflationary environment. The number of membership card holders increased, indicating customer loyalty. Investors responded to the report neutrally, noting business stability and waiting for data on holiday sales in the next period.
• Ciena (US): Telecommunications equipment supplier reported quarterly results before the market opened. Ciena showed profit growth and expansion of new orders for fiber optic equipment, supported by investments from telecom operators in network modernization. Positive results from Ciena strengthened confidence in the prospects of the telecommunications industry.
• RH (Restoration Hardware, US): An American retailer of premium home goods published a report showing a slight revenue decline amid weaker demand in the luxury furniture segment. Nevertheless, RH's profit surpassed expectations due to cost-cutting measures, which partially reassured investors about the state of the home goods sector.

Friday, December 12, 2025

Macroeconomic Events

• 10:00 MSK – Germany: Final evaluation of the Harmonized Index of Consumer Prices (HICP) for November. The final data showed that inflation in the largest economy in Europe was 3.2% year-over-year, matching the preliminary estimate. The moderate slowdown in inflation in Germany confirms the trend of decreasing price pressure in the Eurozone, impacting expectations for ECB policy.
• 18:00 MSK – US: Preliminary consumer confidence index from the University of Michigan for December. The consumer sentiment indicator slightly increased (to about 53.3 points from 51.0 in November), indicating cautious optimism among American households. However, the index remains at historically low levels, reflecting ongoing consumer caution. Market reactions were subdued, as the improvement in the index was anticipated and fell within statistical error margins.
• No other significant macroeconomic events were noted on this day; the markets shifted their focus to the week's outcomes.

Corporate Earnings Reports

• Johnson Outdoors (US): The manufacturer of outdoor recreation products published quarterly results before the market opened. The company reported revenue growth in tourism and fishing gear, reflecting ongoing consumer interest in outdoor activities. At the same time, production costs increased, slightly reducing margins; however, the overall tone of the report remained positive for investors.
• Mitek Systems (US): The developer of digital identification solutions presented its financial report. Mitek's revenue increased due to an expanding client base among banks and financial organizations implementing remote identification. Investors assessed the company’s prospects in light of the growing demand for cybersecurity and fintech technologies.
• Reports from Russian Issuers: In Russia, several companies also released their financial results this week. For example, the "Cian Group" (MOEX: CIAN) published its report for Q3 and the first nine months of 2025, demonstrating a 45% year-over-year increase in net profit and a significant rise in revenue from online real estate services. Additionally, PJSC “Aeroflot” presented its IFRS report for the first nine months of 2025, with the national airline's net profit nearly doubling compared to the previous year due to the recovery in passenger traffic. These local results complemented the week's picture in the MOEX market and were factored in by investors on the Russian stock market.

Conclusion: Key Takeaways from the Week

The week of December 8-12, 2025, was rich in both macroeconomic events and corporate earnings reports. The main event was the long-awaited Fed rate decision: its reduction by 0.25% and cautious comments set a positive tone for the equity markets (the S&P 500 index ended the week with gains). In Europe and Asia, investors also paid attention to central bank decisions (SNB, RBA) and inflation data, which collectively indicate a trend of slowing price growth and easing monetary policy. Among corporate earnings, the most significant were the results of tech giants and retailers: the strong quarterly reports from Broadcom, Oracle, and Lululemon underscored sustained demand in their respective sectors. Meanwhile, improved financial metrics from several consumer sector companies (e.g., Costco and AutoZone) indicate sustained purchasing activity. Investors should pay particular attention to signals coming from the macroeconomic market (inflation and central bank policies) as well as company forecasts for the next quarter. These factors will determine the further dynamics of global markets and help adjust investments as the new year approaches.