Analytical Overview of Economic Events and Corporate Reports for Saturday, December 6, 2025: Inflation Slows in the US, Rate Decrease in India, and Outcome of Diplomatic Negotiations
The first Saturday of December 2025 brings relative calm for investors in global markets following a week filled with significant events. Stock exchanges worldwide are closed for the weekend, giving market participants an opportunity to assess the impact of recent macroeconomic data and corporate news. Key themes of the day are fresh signals of slowing inflation and changes in monetary policy (key indicators from the US and an unexpected decision from India), as well as the outcomes of important high-level diplomatic contacts. In these circumstances, investors from Russia and the CIS focus on external factors and global indicators, especially as there are virtually no new corporate earnings releases on Saturday itself.
For global stock markets – from Wall Street to European exchanges and Asian platforms (indexes S&P 500, DAX, FTSE 100, Nikkei 225), as well as the Russian MOEX index – the past week has been favorable. American indexes continued their rally on hopes of an imminent easing of the Fed's monetary policy following a series of moderate inflation data. In Europe, an unexpected improvement in GDP estimates for the Eurozone in the third quarter boosted sentiment on the German and British exchanges. In Asia, major markets traded without sharp movements, focusing on external signals in the absence of local drivers. The Russian MOEX index initially faced pressure due to a significant strengthening of the ruble and rising domestic inflation; however, by the end of the week, it recovered losses, exceeding the 2700-point level amid news of a potential de-escalation of geopolitical tensions.
Macroeconomics and Rates: Inflation Slows and Policy Eases
Investor attention is focused on the latest inflation data and central bank decisions. In the US, the PCE price index (Personal Consumption Expenditures) for October was published, a key inflation gauge for the Fed. It confirmed the slowdown in price growth: the core PCE approached a level of about 2.8–2.9% on an annual basis, marking the lowest value in several years. The slowdown in inflation in the US strengthens expectations that the Federal Reserve will soon move to decrease interest rates. Futures already indicate a high probability of the first rate cut at the Fed's upcoming meeting in December.
In the Eurozone, the final GDP estimate for the third quarter came in slightly above expectations (+0.3% q/q and +1.4% y/y), which somewhat alleviated recession fears. However, inflation in the region still exceeds the ECB's target level, prompting the market to anticipate that the regulator will pause further rate hikes while awaiting additional data.
An unexpected news item of the week was the Reserve Bank of India’s decision to cut the key interest rate. During its meeting on December 5, the RBI lowered the repo rate by 25 basis points to 5.25% per annum. This marks the first easing of monetary policy in India for an extended period, made possible by a slowdown in inflation in the country. Concurrently, the Indian regulator improved its economic growth forecast and reduced its inflation projection for the fiscal year 2026 to approximately 2%. The RBI's decision reflects the broader global trend: as price pressures wane, central banks in emerging economies are beginning to lower rates to support growth.
Geopolitics: Peace Talks and Strengthening Partnerships
The geopolitical agenda continues to significantly influence investor sentiment. Last week featured important diplomatic meetings. Russian President Vladimir Putin concluded a state visit to India (December 4–5), during which Moscow and New Delhi reaffirmed their commitment to deepening trade and economic cooperation. The leaders of the two countries agreed to expand transactions in local currencies and develop joint projects in energy, infrastructure, and defense. The outcomes of this visit indicate a strengthening of strategic partnership between two major emerging economies, which could long-term create new opportunities for businesses in both countries.
Concurrently, efforts were made to reduce international tensions. Early in the week, lengthy negotiations took place in Moscow between US Special Representative Steve Whitcoff and Vladimir Putin (with the participation of Jared Kushner). The meeting focused on discussing paths to resolve the conflict in Ukraine. Although no specific breakthroughs were announced, the mere fact of direct dialogue between high-level US and Russian representatives instills cautious optimism in the markets. Any signs of potential progress in peace talks are perceived positively by investors.
Also this week, the markets paid attention to French President Emmanuel Macron's visit to China. The negotiations in Beijing on December 4–5 were aimed at expanding business ties (aerospace, energy, and other sectors). Investors view the strengthening dialogue between the EU and China positively, although strategic disagreements between the major powers persist.
US Corporate Reports
The American corporate calendar is practically empty for the weekend: no new financial reports are scheduled for Saturday, December 6. This is expected, as major public companies within the S&P 500 primarily release quarterly results during the weekdays. The main earnings season for the third quarter in the US has already concluded, and therefore there are no regular earnings releases from leading companies on this Saturday.
European Corporate Reports
European stock markets also do not expect any new corporate publications on Saturday. Most leading issuers in the region (including companies from the Euro Stoxx 50 index, as well as those in the DAX and FTSE 100) have already released their results earlier, publishing financial statements only during weekdays. Thus, on December 6, the corporate news backdrop in Europe will be neutral.
Asian Corporate Reports
The Asia-Pacific region also lacks corporate events on Saturday. In the largest Asian economies, the quarterly earnings season for July–September has almost concluded, and no new financial results from corporations are expected on December 6. Regional market participants are shifting their focus to external factors – exchange rates, commodity prices, geopolitical news – due to the lack of local drivers.
Russian Corporate Reports
No new reports from large public companies are expected on the Russian stock market on Saturday. The primary wave of results publication for the nine months of 2025 concluded back in November, and companies traditionally do not release reports on weekends. Thus, no corporate surprises are anticipated on December 6 on the Moscow Exchange, and investors are primarily looking at external signals (oil market situation, ruble exchange rate, global news).
Investor Focus Points
- Monetary Policy of Major Central Banks: Markets are monitoring signals from the Fed and the ECB amidst new inflation data. The slowdown in price growth enhances expectations for a forthcoming rate decrease, so any comments from regulators could significantly influence global sentiment.
- Consumer Demand and Retail Sales: Attention is on the results of the holiday sales season. Initial assessments of "Black Friday" and "Cyber Monday" indicated record online sales (5–7% higher than last year). If the trend of high consumer demand continues in December, this will support shares of retail and e-commerce technology firms. Conversely, weak consumer activity may cause investors to become cautious about corporate profit prospects.
- Geopolitical Events: Investors are continuing to follow negotiations regarding Ukraine and international visits by leaders. Any progress toward conflict resolution or new agreements between powers could reduce geopolitical premiums in the markets, whereas heightened rhetoric would have the opposite effect.
- Inflation and Policy in Russia: In the coming days, inflation data for November in Russia is expected; a sharp rise in prices (up by 0.5% for the week of November 26 to December 2) increases the likelihood of a new interest rate hike by the Bank of Russia on December 20. Expectations regarding the key rate and the rhetoric of the Central Bank will affect the bond market, banking sector, and the ruble exchange rate.
