Detailed Review of Economic Events and Corporate Reports for Monday, December 8, 2025. Key Macro Data, Company Reports from the USA, Europe, Asia, and Russia, Important Guidelines for Investors.
Macroeconomic Background
Global economic events on Monday are rather secondary but may provide indicators for the markets:
- Japan – GDP (Q3, revision): Revised data on Japan's economic growth for the third quarter of 2025 will be published at the start of the day. The preliminary estimate indicated a decline of 0.4% quarter-over-quarter, and analysts do not rule out a revision to around -0.5%. The weakness in Japanese GDP reflects declining export demand and cautious consumer sentiment. This data may impact sentiment on the Tokyo stock exchange: the Nikkei 225 index is sensitive to signals about the state of the economy and the policies of the Bank of Japan.
- Eurozone – Sentix Investor Confidence Index (December): A fresh Sentix investor sentiment index for December will be released during the European session. The previous indicator in November stood at around **-7.4 points**, reflecting ongoing pessimism in the region. It is expected that the value will remain in negative territory, indicating investors' caution regarding the prospects for the Eurozone economy. Although the Sentix's influence on the market is limited, an improvement in the index could support European stocks, including the Euro Stoxx 50.
- USA – Factory Orders (October): The American economic calendar is sparse—at 18:00 MSK, the report on factory orders for October will be released. In the previous month, the indicator increased by 1.4% month over month, but a more modest dynamic is now expected against the backdrop of high Federal Reserve interest rates. This data will provide insight into the state of the U.S. industrial sector: a slowdown in order growth could signal an economic cooling. However, the effect of this statistic on the S&P 500 index is likely to be subdued, given the more significant events later in the week.
- USA – Treasury Auctions: During the day, the U.S. Treasury Department will conduct auctions of short-term securities—3-month and 6-month bills (at 19:30 MSK), as well as a 3-year Treasury note auction (at 21:00 MSK). Investors will monitor demand for U.S. government debt: high bid-to-cover ratios and low yields at the auctions will indicate sustained interest in safe assets. The results of these auctions may impact bond yields and indirectly affect sentiment toward riskier assets.
Overall, the macroeconomic backdrop on Monday is neutral. Markets are trading without sharp movements, as participants have taken a wait-and-see approach ahead of more significant events throughout the week. The absence of major statistical surprises at the beginning of the day allows investors to focus on the upcoming central bank meetings and other market drivers.
Corporate Reports in the USA
On December 8, approximately twenty public companies are set to release financial reports in the U.S. market; however, most of them are mid- to small-cap firms. Major issuers from the S&P 500 index are virtually absent today, so the impact of the reports on the broader market will be limited. Nonetheless, investors are paying close attention to the following companies:
- Toll Brothers (NYSE: TOL): One of the largest home builders in the U.S. will present its results for Q4 of the 2025 financial year. Analysts forecast high quarterly earnings (expected at around $4.9 per share) with revenue exceeding $3.3 billion, which is about 5-6% higher than the previous year’s level. Despite rising mortgage rates in 2025, Toll Brothers has successfully capitalized on sustained demand for luxury homes and has increased home prices, supporting margins. Investors will look for signals in the report regarding the state of the U.S. housing market and management's comments on sales prospects amid expensive credit.
- Phreesia, Inc. (NYSE: PHR): The American company providing IT solutions for healthcare will report for Q3 of the 2026 fiscal year. Although Phreesia is not considered a blue-chip stock, its results are interesting as an indicator of trends in the digital health sector. Investors will evaluate the company’s revenue dynamics and its path to profitability, taking into account the overall slowdown in investments in healthcare technologies.
- Ooma, Inc. (NYSE: OOMA): The provider of cloud telecom services for businesses and home users will publish its report for Q3 of the 2026 fiscal year. Ooma is expected to show stable growth in its subscriber base and revenue in double digits year-over-year, thanks to demand for internet telephony services. Ooma's results are noteworthy in the context of the communications sector: they will show whether the growth of small tech companies persists amid competition with larger corporations.
Overall, the impact of corporate reports on Monday in the U.S. is expected to be pinpointed. If Toll Brothers' results exceed expectations, it could provide short-term support for developer stocks and related real estate companies. Conversely, weak results from smaller companies (such as Phreesia or Ooma) are unlikely to provoke a broad market reaction. Investors are more likely to assess the overall tone of the ongoing reporting period outside the main season to understand if the positive trend in company earnings persists towards the end of the year.
Corporate Reports in Europe
In Europe, there are no financial reporting publications from major companies within the Euro Stoxx 50 or FTSE 100 indices scheduled for this Monday. The majority of European issuers reported their Q3 results back in October-November, and now a lull is occurring ahead of the annual results season. Thus, on December 8, investors in the region will face a relatively calm session without significant corporate drivers.
The lack of reports allows the market to focus on external factors and macroeconomic news. European exchanges will predominantly react to the overall risk appetite and morning data (e.g., the Sentix index). Additionally, market participants will begin to build expectations ahead of the key events in the coming days—specifically, the European Central Bank meeting scheduled for Thursday. Any hints regarding a change in ECB policy (such as comments about interest rates or bond purchases) could overshadow minor news, making this calm Monday an opportunity for European investors to prepare for the volatility anticipated at the end of the week.
Events in Asia
The Asia-Pacific markets on December 8 are also not rich in corporate publications. Major companies in the region have completed reporting for the previous quarter; the new reporting cycle in Asia is typically expected at the beginning of the next year. Therefore, on this day, investors in Asia are primarily focusing on macroeconomic news and external benchmarks.
At the start of trading on Monday, many Asian indices are displaying subdued dynamics. The Japanese Nikkei 225 and the Chinese Shanghai Composite are trading without sharp changes, digesting the morning statistics. Some support for sentiment comes from reports that the Chinese economy is showing signs of stabilization (for instance, markets are anticipating the release of credit and inflation data from China later this week). However, the weak Japanese GDP is restraining risk appetite in Tokyo.
Although there are no significant reports from major Asian corporations today, interesting events in the region are anticipated later in the week. For example, Taiwanese company TSMC will present sales data for November on Wednesday, and along with it, chipmaker MediaTek will release its earnings. These figures will provide an important signal regarding demand in the global technology sector and the state of the semiconductor industry by the end of the year. Investors focused on Asian markets will consider this information when forming strategies while keeping an eye on external factors and currency dynamics (particularly the yen exchange rate following the GDP data release).
Russian Market: News and Reports
For the Russian market, Monday is primarily marked by regulatory news and second-tier corporate events:
- Bank of Russia Lifts Currency Restrictions: As of December 8, the Central Bank of Russia's decision to lift the remaining restrictions on foreign currency transfers abroad for individuals comes into effect. Previously, such limits were introduced to maintain financial stability; however, the sharp strengthening of the ruble in November allowed the regulator to soften control. Now, Russians and residents of friendly countries can freely transfer currency abroad. For the market, this is a positive signal: the lifting of restrictions increases confidence in monetary policy and indicates stabilization in the currency market. Participants will observe how the Central Bank's decision affects demand for currency and the ruble's exchange rate; currently, forecasts converge on the expectation that there will be no immediate pressure on the ruble due to sufficient liquidity.
- Acron – Last Day with Dividends: On Monday, shares of one of Russia's leading chemical enterprises are traded on their last day with dividends. The register of shareholders for receiving interim dividends for the first nine months of 2025 will close on December 9, making December 8 the last chance to buy shares for dividend entitlement. The dividend payout is set at 189 rubles per share, corresponding to a yield of about 1.2% at the current price. Anticipation of a generous dividend has previously supported Acron's stock prices, and after the ex-dividend date, a slight technical price drop in shares is possible corresponding to the payout amount. Nevertheless, fundamentally, the company remains confident due to high fertilizer prices, leading many investors to hold their positions even after the dividend period ends.
- Renaissance Insurance – Shareholder Meeting: The holding "Renaissance Insurance" is holding an extraordinary shareholder meeting, during which a decision on dividend payments for the first nine months of 2025 will be made. The company may direct part of its profits to reward shareholders, marking the first such decision for the current year. Although Renaissance's shares do not belong to the Moscow Exchange index and their liquidity is moderate, the potential for dividend payments reflects the trend of Russian companies returning to the practice of regular dividends. While this news will not be a market driver, it signals improved financial conditions for certain representatives in the insurance sector.
No earnings reports from major Russian issuers are scheduled for December 8—the quarterly reporting season on the Moscow Exchange is currently on pause. Thus, the domestic market primarily reacts to the overall environment and news from regulators. Oil prices and the ruble’s exchange rate remain key benchmarks for investors in Russia at this stage; however, no significant shocks in these indicators are expected on Monday without new external triggers.
Conclusion: What Investors Should Pay Attention To
The calm Monday of December 8 serves as a prologue to a more eventful week ahead. Investors should take this day to evaluate their positions and prepare for upcoming market movements. Already on Tuesday morning, the Reserve Bank of Australia will hold a meeting, the outcome of which will set the tone for Asian markets. On Wednesday, the world will focus on the U.S. Federal Reserve—markets are pricing in the first rate cut in a long time, which could significantly affect global financial conditions. Additionally, in the following days, meetings of the central banks of Canada, Switzerland, and the Eurozone will take place, potentially triggering spikes in volatility in their respective markets.
Aside from macroeconomic data, corporate news remains in focus: in the latter half of the week, several major companies such as Oracle, Broadcom, and lululemon athletica will report their earnings. Their results are particularly crucial for the technology and consumer sectors and may determine the direction of the corresponding stocks. Investors from the CIS should closely monitor these events even if Monday turns out to be quiet. The moderate market activity at the beginning of the week provides an opportunity to analyze the accumulated information and prepare for potential fluctuations. During such times, it is key to maintain caution and flexibility to swiftly react to any surprises that the remainder of the week may bring.
