Investor Calendar for the Week of December 29, 2025 – January 4, 2026: Key Macroeconomic Data (PMI, US Trade Balance, FOMC Minutes, EIA Oil and Gas Inventories), Holiday Trading Conditions, and OPEC+ Events.
The week coincides with the New Year holidays: many exchanges are closed or operate on a shortened schedule. Investors will be focused on the PMIs from the US, Europe, and Asia, as well as the OPEC+ meeting regarding oil. Corporate earnings reporting is predominantly complete, but even isolated announcements may result in localized volatility.
Monday, December 29, 2025
Today, Russian PMI and the US trade balance will be released, along with EIA data on oil and gas inventories in the US. These figures will complement the statistics available ahead of the holidays.
- After Market Close: Micron Technology (US) – Q1 FY 2026 report. Micron reported record quarterly revenues of approximately $13.64 billion and earnings of $4.60 per share, reflecting high demand for memory and data center equipment.
Economic Events (Moscow Time):
- 09:00 Russia – Manufacturing PMI (December).
- 16:30 US – Trade Balance (November).
- 18:00 US – Pending Home Sales (November).
- 18:30 US – Oil Inventories (EIA Petroleum Status Report).
- 19:00 Russia – Consumer Price Index (CPI, December, preliminary).
- 20:00 US – Natural Gas Inventories (EIA Natural Gas Storage).
Investor Takeaway: Limited volatility is expected as markets remain in a “quiet” mode ahead of the holidays, resulting in a moderate reaction. The PMI and trade balance data will enrich the economic outlook, but Micron’s results and energy inventories may become significant drivers. Investors should focus on global macroeconomic indicators before the new year.
Tuesday, December 30, 2025
The Central Bank of Russia will set currency rates for the holiday period, while the US will release the Case-Shiller Index and the FOMC minutes. These events could influence the ruble’s exchange rate and market inflation expectations.
- Economic Events (Moscow Time):
- 09:00 Russia – Services/Composite PMI (December).
- 17:00 US – S&P Case-Shiller Home Price Index (October).
- 22:00 US – FOMC Minutes.
- 00:30 (Wed, Dec 31) US – API Crude Oil Stocks.
Investor Takeaway: The day is expected to pass without significant upheaval: the FOMC minutes and housing data will provide insights into economic sentiment in the US, while decisions from the Central Bank of Russia will set the tone for the ruble. If data confirms inflation slowdown, it could bolster a positive outlook for January. The lack of major corporate news shifts focus toward global trends.
Wednesday, December 31, 2025
Due to the holidays, many exchanges are closed or operating on a shortened schedule. The Chinese Services PMI data and US Jobless Claims alongside Chicago PMI will be critical to gauge economic momentum going into the New Year.
- Economic Events (Moscow Time):
- 04:30 China – Preliminary Business Activity Indices: Services/Composite PMI (December).
- 16:30 US – Initial Jobless Claims (Weekly).
- 17:45 US – Chicago PMI (December).
Investor Takeaway: The last day of the year is traditionally characterized by a “holiday” mood – trading volumes are very low and significant movements are not anticipated. However, the Chinese PMI and US labor market data will indicate how ready the economy is for growth. Investors should exercise caution: low liquidity means that any news can briefly shake the market.
Thursday, January 1, 2026
New Year’s Day sees very little trading activity, but important news will be released: VAT in Russia will increase, the EU will ban new gas contracts from Russia, and various countries will tighten cryptocurrency regulations.
- Russia – VAT increases to 22% starting January 1, 2026, which pressures consumption and maintains inflation.
- European Union – ban on new contracts for the import of Russian gas, adding to energy uncertainty.
- Russia/UAE – UAE's removal from Russia’s “black list” of offshore jurisdictions, facilitating capital flows.
- Sweden – lifting of the ban on uranium mining, expanding prospects for the nuclear industry.
- United Kingdom – crypto exchanges will be required to share user and transaction data with tax authorities.
- European Union – a directive on cryptocurrency company reporting commences (mandatory fiscal information submission).
- Uzbekistan – introduction of a regime for stablecoins as a means of payment.
- Turkmenistan – from January 1, cryptocurrency mining and exchange activities are legalized.
Investor Takeaway: Thursday is predominantly focused on political and economic news. Tax and energy changes set a longer-term backdrop: the increase in VAT and currency decisions from the Central Bank of Russia are fundamental to the economy, while gas restrictions and cryptocurrency regulations establish strategic expectations. Investors are advised to factor these elements into their asset allocation, though immediate market effects are not anticipated.
Friday, January 2, 2026
The collection of global PMIs in manufacturing resumes: reports from Australia to the US will reveal how the manufacturing sector is performing at the beginning of the year. These data will set the tone for markets and the first wave of corporate forecasts.
Economic Events (Moscow Time):
- 01:00 Australia, 08:00 India – Manufacturing PMI (December).
- 09:00 Russia – Manufacturing PMI (December).
- 11:55 Germany, 12:00 Eurozone, 12:30 UK – Manufacturing PMI (December).
- 16:00 Brazil, 17:30 Canada – Manufacturing PMI (December).
- 17:45 US – S&P Global Manufacturing PMI (December).
- Before Market Open: no major corporate reports – companies will start annual reporting later.
- After Market Close: no significant corporate reports (Q3 2025 reports have already been published).
Investor Takeaway: Friday will define the dynamics in global manufacturing – a rise in PMIs will support industrial and commodity stocks, while a decline will necessitate a reassessment of forecasts. It is essential for investors to compare the reactions of markets in the US (S&P 500), Europe (Euro Stoxx 50, DAX), and Asia (Nikkei, Shanghai) to make informed decisions on capital reallocation.
Sunday, January 4, 2026
An OPEC+ meeting on oil production quotas is anticipated today. The cartel's decisions will set the trend for the oil market and impact the energy sector.
Investor Takeaway: The OPEC+ decision will define the short-term trend for oil: an extension of cuts will support prices and energy sector stocks, while a loosening of quotas could lead to declines. Investors should monitor the cartel's signals and futures reactions, as well as account for possible volatility upon the market's return at the start of January.
Summary and Investor Guidelines for the Week
During the week of December 29 – January 4, investors should monitor:
- Global PMIs: They will indicate the momentum with which the economy enters the new year.
- Regulatory Changes: Central bank decisions and fiscal policies (Russian VAT, gas restrictions) set critical benchmarks.
- Oil Market: The OPEC+ decision and oil prices are a key factor for the energy sector.
The week will be transitional: markets will conclude the year in relative calm, but will begin to eye significant macroeconomic and geopolitical events. Allocating capital between defensive assets (gold, cash) and riskier ones (growth stocks, commodity companies) during this week may establish the trend for the onset of 2026.
