Key Economic Events and Corporate Reports for Sunday, December 28, 2025: A Global Calm in the Markets, Absence of New Data, and Preparation for Year-End Sessions.
Sunday, December 28, 2025, unfolds in a complete calm across global financial markets. Following the Christmas holidays and a shortened trading week, global exchanges remain on pause: all major markets are closed due to the holiday. No new macroeconomic publications or corporate reports from major companies are anticipated, and investor activity is minimal. The absence of fresh drivers means that price dynamics remain neutral, as market participants utilize this breather to assess the situation and prepare for the final trading sessions of the year.
Global Markets: A Trading Holiday
All key stock exchanges in the U.S., Europe, and Asia are closed on December 28 due to the holiday (Sunday). American indices, including the S&P 500 and NASDAQ, ended the previous shortened week with little change: Friday’s trading on Wall Street was sluggish due to the lack of many participants, and no new price movements occurred ahead of the weekend. European markets are also on pause — exchanges in London, Frankfurt, and other financial centers are not operating, and the broad European index Euro Stoxx 50 remains unchanged today. The situation is similar in Asia, with trading on the Tokyo (Nikkei 225) and Shanghai markets suspended on Sunday. The Russian stock market (Moscow Exchange index) is also closed until the new week begins. The global trading absence results in major index quotations remaining at previous closing levels without any new impulses.
Macroeconomic Statistics: No Significant Publications
The international economic calendar for December 28 is virtually empty: government bodies and central banks of major countries release no statistics on holidays. Neither in the U.S., nor in Europe or Asia, are any significant macroeconomic indicators scheduled for release, as the holiday season is accompanied by a pause in official announcements. Investors have nothing to add to the already known picture: all important data released earlier in December has already been factored into the market. As a result, trading participants lack new macroeconomic benchmarks, and market sentiment is shaped by previous news and expectations. Only a few local reports (for example, on industrial production and the banking sector) might appear on this day, but their impact on global markets is negligible.
Corporate Calendar: A Year-End Lull
No corporate reports from major public companies are scheduled for December 28. The quarterly reporting season concluded earlier in the month, and none of the firms within key indices (S&P 500, Euro Stoxx 50, Nikkei 225, Moscow Exchange index) are reporting financial results on this day. Even in the U.S., where markets are usually active on normal days, large corporations refrain from making announcements during the height of the holiday break. A small number of mid-tier companies could theoretically issue press releases or operational updates, but doing so on a non-working day is impractical — investors simply would not see them until the markets reopen. Therefore, the news background from the corporate sector remains neutral and does not influence market participants' sentiments.
Trading Activity: Low Liquidity and Volatility
The absence of trading sessions and fresh news leads to extremely low liquidity in financial markets this weekend. "Thin" trading — a situation characterized by minimal transaction volumes — defines the end of the week: major players have already exited the market ahead of the New Year, and those remaining are not taking any active measures. As a result, the volatility of leading assets remains at a reduced level. Stock indices are kept within narrow ranges, as there are neither buyers nor sellers present to effect a significant price shift. This neutral dynamic is due to large investors having locked in profits and closed some positions in advance, with no plans for new trades until January. With virtually zero trading activity, sharp price movements are unlikely.
Currencies and Commodities: Calm Over the Weekend
Currency and commodity markets are also in a state of calm. The international currency market (FOREX) is closed until Monday, so the exchange rates of major currency pairs (dollar/euro, dollar/yen, etc.) remain around the last closing levels without new fluctuations. Prices for oil and gold, having closed the week with slight deviations, do not change during the weekend — trading in oil, metals, and other commodities will resume only with the opening of exchanges at the beginning of the next week. Thus, external benchmarks for stock markets from commodity and currency quotations remain stable. Neither the dollar nor oil provide new signals for market participants, which supports the overall sentiment of waiting.
Seasonal Factors: Santa Claus Rally and Portfolio Rebalancing
At the end of December, investors traditionally anticipate the “Santa Claus rally” — a seasonal increase in stock prices amidst low trading volumes. However, in 2025, the prerequisites for a strong rally are sparse: macroeconomic data from recent weeks has been mixed, and many participants are taking a cautious, wait-and-see approach. In the context of reduced liquidity, there are no strong growth drivers, so a significant price jump in the final trading sessions of the year is not expected.
Another factor at year-end is the portfolio rebalancing by large institutional players. In the final days of December, funds and investment banks may conduct sales and purchases to align their portfolios with target proportions ahead of year-end reporting. These technical operations can cause localized movements in specific stocks or sectors at the beginning of next week but do not lead to long-term trends. Overall, seasonal effects this year are weakly pronounced, and for most investors, the main strategy remains holding current positions until the New Year.
What Investors Should Pay Attention To
- Monitor news over the weekend: despite the calm, significant global events can occur at any moment. For instance, on Sunday, a review of opinions from the Bank of Japan regarding the latest meeting will be published, and any geopolitical statements or emergency news that arise on Saturday or Sunday will be reflected in the markets only after they open. Unexpected information can lead to price gaps on Monday morning.
- Use the pause for portfolio analysis: the holiday is a fitting time to reflect on the year 2025. Investors from the CIS should assess the performance of their investments, revisit their asset balance, and prepare a strategy for the first weeks of 2026 while new data and reports have yet to create volatility.
- Prepare for the final sessions of December: the last trading days of the year (December 29–31) will occur amidst a decline in activity but may bring localized movements. With the new week on the horizon, individual market participants will conduct position rebalancing, and by December 29, the first signs of market direction ahead of the New Year may emerge. It is critical for investors to enter this week well-prepared: exercising caution when opening new trades, placing limit orders, and avoiding excessive risks in a thin market.
- Maintain a long-term perspective: the pre-New Year calm is temporary. The absence of movements does not equate to a lack of prospects — already in January 2026, activity will return with the start of a new corporate reporting season and the release of important macroeconomic statistics. For those adhering to their investment strategy, it is crucial not to succumb to a false sense of tranquility and to be prepared for a resumption of market fluctuations in the new year.
Thus, Sunday, December 28, passes under the sign of tranquility and the absence of new market benchmarks. Investors utilize this day for a breather and planning, occasionally glancing at the news background. Ahead lies the final week of the year, which is traditionally calm but requires attention to detail. A cautious approach and strategic planning will equip investors with the necessary information and readiness for any market turns as the New Year approaches.
