Analytical Review of Economic Events and Corporate Reports for Monday, December 1, 2025. Key Macroeconomic Data, Corporate Earnings from the USA, Europe, Asia, and Russia.
Monday will bring yet another wave of key macroeconomic data and corporate reports. Investors will be focusing on US manufacturing activity indicators (PMI, ISM), a speech by Federal Reserve Chairman Jerome Powell, and the conclusion of the "Black Friday" online sales (Cyber Monday). Market participants will also be evaluating the outcomes of the OPEC+ meeting, where oil-exporting countries are expected to maintain production levels. The day promises to be eventful, and it is crucial for investors to monitor market reactions across American, Asian, and Russian markets.
Global Macroeconomics
Global stock markets closed the previous week on a positive note: the S&P 500 gained about +1% as of Friday, while NASDAQ rose by +0.9%. This rally has sparked hopes for an economic turnaround and expectations for a monetary policy easing. On Monday, traders will be closely watching the US as the ISM manufacturing index (November) and the final S&P Global summary of the same PMI are set to be released. Federal Reserve Chairman Jerome Powell is also expected to deliver a speech, adding further importance to the data release: the markets are trying to pick up signals regarding the timing and depth of the next rate decision. Currently, futures on federal funds are pricing in nearly 80% odds of a rate cut in December, and should the incoming data exceed expectations, confidence in an impending easing might weaken.
Consumer Demand - Cyber Monday
For the retail sector, the "Black Friday" event wraps up this week, marking five days of sales from Thanksgiving to Cyber Monday. Initial data suggests record activity: online sales in the US have surpassed last year's records, with experts anticipating overall revenues to be 5-7% higher than the previous year. This has notably bolstered the American market, as consumers actively took advantage of discounts, particularly in the online segment. Investors will analyze this data as an indicator of consumer demand and its impact on retailer quarterly reports. Monitoring consumer confidence (University of Michigan Index) at the end of the week will also reveal how "sale-driven" optimism has influenced household sentiment.
Oil Market and OPEC+
Over the past weekend, OPEC+ countries held a meeting and, as expected, decided to maintain production levels for the first quarter of 2026. No surprises emerged, and oil prices remain stable, with Brent trading around $62–63 per barrel. The outcomes of the meeting sent a message of stability taking precedence over aggressive production increases. Without enhanced cuts, oil supply will remain, restraining any significant price surge for "black gold." However, the risk of renewed price pressure looms on the horizon in the event of geopolitical shocks or unexpected demand reductions. Traders in Russian assets will closely monitor the OPEC+ meeting results: the possible continuance of supply surplus might weigh on the currencies of commodity-exporting nations, including the ruble.
Corporate Reports in the USA
- MongoDB (MDB): On Monday evening, the company will hold a conference call to discuss Q3 results for the 2026 fiscal year. Analysts expect revenue growth driven by the adoption of cloud products. Investors are keen to know whether the company's high forecasts regarding client base expansion and profitability will be met.
- Credo Technology (CRDO): Also after market close, the company will disclose its financial results for Q2 of the 2026 fiscal year. Strong preconditions suggest continued business growth in the optical networking solutions segment amid booming demand for AI infrastructure.
- ITT Inc. (ITT): The company will publish its Q3 report. This industrial group usually announces results in early December. Increased demand in the aerospace and automation segments may bolster profit forecasts.
Investors will be comparing the results of these companies with prior expectations and analyzing management comments. Reports from technology and industrial firms will provide insights into corporate spending conditions and investment trends.
Corporate Reports in Europe and Asia
In Europe and Asia, no significant reports are scheduled for Monday; however, market participants are gearing up for a week packed with corporate events. Presentations from German automotive giants and banks, as well as reports from Japanese corporations, are anticipated in the upcoming days. While Cyber Monday keeps the focus on consumers, participants in Asia are evaluating local market reactions to global trends, such as the recovery of semiconductor demand or movements in national currencies. Attention will also be on the state of the Russian market in light of external factors.
The Russian Market
The Moscow Exchange showed moderate growth on the last trading day of Friday, buoyed by the positive dynamics of "Black Friday" and stabilizing oil prices. The ruble appreciated against the dollar, holding above 75 per US dollar. On Monday, external signals—OPEC+ decisions regarding oil and US macroeconomic statistics—may significantly influence Russian assets. Local developments in early December are limited to the release of confidence index data or weak corporate figures, shifting the focus to global conditions. Russian investors should closely monitor oil price movements and the ruble's dynamics, as these factors continue to determine the performance of many securities on MOEX.
What Investors Should Focus On
- ISM and PMI (USA): Results will indicate the strength of the industrial sector, which is particularly significant in the context of expectations for a Fed rate cut. A slowdown or acceleration in PMI growth could sharply adjust forecasts for monetary policy.
- Jerome Powell's Speech: Any comments regarding future interest rate direction or the economic situation in the USA will instantaneously reflect in market expectations and currency exchange rates.
- Black Friday/Cyber Monday: Final figures for retail and online sales will be locked in. Strong results will bolster confidence in the retail sector and consumer demand, while weak figures will amplify caution.
- Oil Market: The continued stability of OPEC+ production keeps prices at current levels. However, all eyes are on potential changes in supply and demand dynamics: oil continues to shape the mood in the energy sector and exchange rates of commodity economies.
- Corporate Reports: MongoDB and Credo will highlight trends in the technology and networking solutions sectors, while ITT will focus on the industrial sector. Investors should observe whether analyst forecasts stand up and adjust sector growth estimates accordingly.
Collectively, these factors will set the tone for trading at the beginning of December. By continuously monitoring indicators and corporate news, investors will be better positioned to navigate any market fluctuations.
