Analytical Overview of Economic Events and Corporate Reports for Monday, December 1, 2025. Key Macro Data, Corporate Earnings from the USA, Europe, Asia, and Russia.
Monday will bring another round of key macroeconomic data and corporate reports. Investors will focus on the indicators of business activity in the US manufacturing sector (PMI, ISM), the speech by Federal Reserve Chairman Jerome Powell, and the conclusion of "Black Friday" online sales (Cyber Monday). Markets are also assessing the results of the OPEC+ meeting: oil-exporting countries have, as expected, maintained production at previous levels. The day promises to be eventful, and it’s crucial for investors to monitor market reactions—from the US to Asia and Russia.
Global Macroeconomics
Global equity markets closed the previous week in positive territory: the S&P 500 rose by approximately +1% by the end of Friday, while NASDAQ gained +0.9%. This rally has sparked hopes for an economic turnaround and expectations of a softer monetary policy. On Monday, traders' attention will be drawn to the US, where the ISM manufacturing index (November) and the final summary from S&P Global regarding the same PMI will be released. Federal Reserve Chairman Jerome Powell is expected to give a speech, adding extra importance to the data release: markets are trying to catch signals regarding the timing and extent of the next rate decision. Currently, federal funds futures have priced in nearly an 80% chance of a rate reduction in December, and if the data comes in stronger than expected, confidence in the forthcoming easing may wane.
Consumer Demand – Cyber Monday
For the retail sector, the "Black Friday" event is concluding—five days of sales from Thanksgiving to Cyber Monday. Initial data indicates record activity: US online sales have surpassed last year’s records, with experts expecting overall revenues to be 5-7% higher than last year's. This has largely supported the US market, as consumers actively utilized discounts, especially in the online segment. Investors will analyze this data as an indicator of consumer demand and its impact on quarterly reports from retailers. Monitoring consumer confidence (Michigan Index) at the end of the week will also shed light on how the "sales" optimism reflects on household sentiments.
Oil Market and OPEC+
Over the past weekend, OPEC+ countries held a meeting and, as expected, maintained production at current levels for the first quarter of 2026. No surprises emerged, and oil prices remain stable: Brent is trading around $62-63 per barrel. Following the meeting, the market received a signal favoring stability over aggressive production growth. Without an intensification of cuts, oil supply will remain, limiting significant increases in oil prices. However, the risk of renewed price pressure remains on the horizon in the event of geopolitical shocks or unexpected demand declines. Traders of Russian assets will closely monitor the outcomes of the OPEC+ meeting: a potential continuation of supply surplus could pressure the currencies of raw material exporters, including the ruble.
Corporate Reports in the USA
- MongoDB (MDB): On Monday evening, the company will hold a conference call regarding its financial results for Q3 of the 2026 fiscal year. Analysts expect revenue growth driven by the adoption of cloud products. Investors are keen to know if the company's high forecasts for expanding its customer base and profitability will be realized.
- Credo Technology (CRDO): Also after market close, it will disclose financial results for Q2 of the 2026 fiscal year. Indicators of a strong report point to continued growth in the business of selling optical networking solutions amid booming demand for AI infrastructure.
- ITT Inc. (ITT): The company will publish its report for Q3. This industrial group typically announces results in early December. Increased demand in the aerospace and automation segments may boost profit forecasts.
Investors will compare these companies’ results with previous expectations and analyze management’s comments. Reports from technology and industrial companies will provide guidance on the state of corporate spending and investment trends.
Corporate Reports in Europe and Asia
In Europe and Asia, no major reports are scheduled for Monday; however, market participants are preparing for a week rich in corporate events. Future days will see presentations of results from major German automotive manufacturers and banks, as well as reports from Japanese corporations. While Cyber Monday keeps the focus on consumer spending, participants in Asia are evaluating local market reactions to global trends, such as the recovery of semiconductor demand or movements of national currencies. Attention will also be directed toward the state of the Russian market amid external factors.
The Russian Market
The Moscow Exchange showed moderate growth on the last trading day of Friday, supported by positive dynamics from "Black Friday" and stable oil prices. The ruble strengthened against the dollar, holding above 75 per USD. On Monday, the primary influence on Russian assets may come from external signals—OPEC+ decisions regarding oil and macroeconomic statistics from the US. Local events at the beginning of December are limited to the release of confidence indexes or weak corporate data; therefore, focus shifts to the global market context. Russian investors should monitor oil price changes and ruble dynamics, as these factors continue to determine the performance of many securities on MOEX.
What Investors Should Pay Attention To
- ISM and PMI (US): The results will reveal the strength of the manufacturing sector, which is particularly significant given expectations of an interest rate cut by the Fed. A slowdown or acceleration in PMI growth could sharply adjust forecasts for monetary policy.
- Jerome Powell's Speech: Any comments regarding the future course of rates or the economic situation in the US will instantly impact market expectations and currency rates.
- Black Friday/Cyber Monday: We will capture the final figures on retail and online sales. Strong results will bolster confidence in the retail sector and consumer demand; weak results will, on the contrary, amplify caution.
- Oil Market: OPEC+'s continued production stability keeps prices at current levels. However, all attention is on potential changes in the balance of supply and demand: oil will continue to dictate the mood of the energy sector and the currency rates of raw material economies.
- Corporate Reports: MongoDB and Credo will highlight trends in technology and networking solutions, while ITT will focus on the industrial sector. Investors should pay attention to whether analysts' forecasts are met and adjust sector growth estimates accordingly.
In summary, 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.
