Investor Calendar for the Week of December 29, 2025 – January 4, 2026: Key Macroeconomic Indicators (PMI, U.S. Trade Balance, FOMC Minutes, EIA Oil and Gas Inventory), Holiday Trading Regime, and OPEC+ Events.
The week coincides with the New Year holidays: many exchanges are closed or operating on a reduced schedule. Investors are focused on the PMI figures from the U.S., Europe, and Asia, as well as the OPEC+ meeting concerning oil. Corporate earnings season is largely concluded, but even a few reports could trigger localized fluctuations.
Monday, December 29, 2025
Today, Russian PMI and the U.S. trade balance will be published, alongside EIA data on oil and gas inventories in the U.S. These figures will complement the economic statistics before the holiday.
- After market close: Micron Technology (USA) – Q1 2026 financial report. Micron reported a record quarterly revenue 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 USA – Trade Balance (November).
- 18:00 USA – Pending Home Sales (November).
- 18:30 USA – Oil Inventories (EIA Petroleum Status Report).
- 19:00 Russia – Consumer Price Index (CPI, December, preliminary).
- 20:00 USA – Natural Gas Inventories (EIA Natural Gas Storage).
Investor takeaway: Low volatility is expected, as markets are in a “calm before the holidays” state, leading to a measured response. The PMI figures and trade balance will enhance the economic picture, but Micron’s results and energy inventories could serve as key drivers. It's important for investors to focus on global macro indicators ahead of the new year.
Tuesday, December 30, 2025
The Central Bank of Russia will set currency exchange rates for the holiday period, while the U.S. will release Case-Shiller Index and FOMC Minutes. These events may influence the ruble's exchange rate and market expectations regarding inflation.
- Economic events (Moscow time):
- 09:00 Russia – Services/Composite PMI (December).
- 17:00 USA – S&P Case-Shiller Home Price Index (October).
- 22:00 USA – FOMC Minutes.
- 00:30 (Wed, Dec 31) USA – API Crude Oil Stock.
Investor takeaway: The day is expected to pass without significant upheaval; FOMC Minutes and housing data will provide signals about economic sentiment in the U.S., while the Central Bank of Russia's decisions will influence trends for the ruble. If the indicators confirm slowing inflation, this could support a positive outlook for January. The absence 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 limited schedule. Key data includes China’s services PMI and U.S. Jobless Claims along with Chicago PMI, which will depict the economic dynamics ahead of the New Year.
- Economic events (Moscow time):
- 04:30 China – Preliminary business activity indexes: Services/Composite PMI (December).
- 16:30 USA – Weekly Initial Jobless Claims.
- 17:45 USA – Chicago PMI (December).
Investor takeaway: The last day of the year is traditionally marked by a “holiday” atmosphere – volumes are very low, and significant movements are not anticipated. Nonetheless, the Chinese PMI and U.S. labor market data will indicate how ready the economy is for growth. Investors should exercise caution since liquidity is low, and any news could momentarily shake the market.
Thursday, January 1, 2026
New Year’s Day sees virtually no trading, but important news will emerge: VAT in Russia will be increased, the EU is prohibiting new gas contracts with Russia, and various countries are tightening cryptocurrency regulations.
- Russia – VAT raised to 22% as of January 1, 2026, impacting consumption and supporting inflation.
- European Union – ban on new contracts for importing Russian gas, increasing uncertainty in the energy sector.
- Russia/UAE – UAE removed from the list of “black” offshore jurisdictions, simplifying capital flows.
- Sweden – lifting of the ban on uranium ore extraction, expanding prospects for the nuclear industry.
- United Kingdom – cryptocurrency exchanges must provide tax authorities with user and transaction data.
- European Union – a directive on cryptocurrency company reporting becomes effective, requiring fiscal information to be provided.
- Uzbekistan – introduction of a regime for stablecoins as a means of payment.
- Turkmenistan – as of January 1, cryptocurrency mining and crypto exchange activities are legalized.
Investor takeaway: Thursday will focus on political and economic news. Tax and energy changes will set a long-term backdrop: the VAT increase and the Central Bank’s currency decisions will affect the economy's fundamentals, while gas restrictions and cryptocurrency regulations will shape strategic expectations. Investors are advised to consider these factors when allocating assets, although rapid market effects are unlikely.
Friday, January 2, 2026
The global collection of manufacturing PMIs resumes: reports from Australia to the U.S. will reveal how industry is growing at the beginning of the year. This 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 United Kingdom – Manufacturing PMI (December).
- 16:00 Brazil, 17:30 Canada – Manufacturing PMI (December).
- 17:45 USA – S&P Global Manufacturing PMI (December).
- Before market open: no major corporate reports; companies will begin annual reporting later.
- After market close: no significant corporate reporting (Q3 2025 reports have already been published).
Investor takeaway: Friday will determine the dynamics of global manufacturing – PMI growth will support industrial and commodity stocks, while any decline will necessitate a reassessment of forecasts. Investors should compare market reactions in the U.S. (S&P 500), Europe (Euro Stoxx 50, DAX), and Asia (Nikkei, Shanghai) to make decisions about capital reallocation.
Sunday, January 4, 2026
A meeting of OPEC+ regarding 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 determine the short-term oil trend: an extension of cuts will support prices and energy sector stocks, while any easing of quotas may lead to their decline. Investors should monitor the signals from the cartel and market reactions in futures, as well as consider potential volatility upon the return of trading in early January.
Week Summary and Guidelines for Investors
During the week of December 29 – January 4, investors should keep an eye on:
- Global PMIs: They will indicate the momentum with which the economy begins the new year.
- Regulatory Changes: Central bank decisions and fiscal policies (Russian VAT, gas restrictions) will establish key benchmarks.
- Oil Market: The OPEC+ decision and oil prices are key factors for the energy sector.
The week will be transitional: markets will conclude the year in relative calm, but will start to pay attention to significant macroeconomic and geopolitical events. The allocation of capital between safe assets (gold, cash) and riskier ones (growth stocks, commodity companies) this week may set the trend for the beginning of 2026.
