Analytical Overview of Economic Events and Corporate Reports for Monday, December 1, 2025. Key Macroeconomic Data, U.S., European, Asian, and Russian Company Earnings.
Monday will bring another round of key macroeconomic data and corporate reports. Investors will focus on U.S. manufacturing activity metrics (PMI, ISM), a speech from Federal Reserve Chair Jerome Powell, and the conclusion of the "Black Friday" online sales (Cyber Monday). Markets will also evaluate the outcomes of the OPEC+ meeting, where oil-exporting countries have unsurprisingly maintained production at current levels. The day promises to be eventful, making it crucial for investors to monitor market reactions—ranging from American to Asian and Russian markets.
Global Macroeconomics
Global equity markets closed the previous week in positive territory: the S&P 500 gained approximately +1% by Friday's close, while NASDAQ rose by +0.9%. This rally has sparked hopes for an economic turnaround and expectations for a more accommodative monetary policy. On Monday, trader attention will be drawn to the U.S. with the release of the ISM Manufacturing Index (November) and the final summary from S&P Global regarding the same PMI. Federal Reserve Chair Jerome Powell will deliver a speech, adding further significance to the data release: markets are keen to catch signals regarding the timing and depth of the next interest rate decision. Currently, futures on federal funds have priced in nearly an 80% probability of a rate cut in December, and if the economic data surpass expectations, confidence in an upcoming easing may diminish.
Consumer Demand – Cyber Monday
The retail sector will wrap up "Black Friday" – a five-day sales event from Thanksgiving to Cyber Monday. Initial data indicates record-high activity: online sales in the U.S. have shattered last year's records, with experts forecasting total revenues to be 5–7% higher than last year. This has significantly supported the American market, as consumers actively took advantage of discounts, particularly in the online segment. Investors will analyze this data as an indicator of consumer demand and its impact on retailers' quarterly reports. The consumer sentiment tracking (Michigan index) towards the end of the week will also reflect how the "sale optimism" has influenced household sentiments.
Oil Market and OPEC+
Over the past weekend, OPEC+ countries held a meeting and, as expected, maintained production levels for the first quarter of 2026. There were no surprises, and oil prices remain stable: Brent is trading around $62–63 per barrel. Following the meeting, the market received a message of stability prevailing over aggressive production increases. Without further cuts, oil supply will remain steady, thus preventing significant price hikes for "black gold." However, the risk of new price pressures may arise from geopolitical upheavals or unexpected declines in demand. Traders of Russian assets will closely monitor the results of the OPEC+ meeting: the potential continuation of supply surplus may exert pressure on the currencies of commodity exporters, including the ruble.
U.S. Corporate Reports
- MongoDB (MDB): On Monday evening, the company will hold a conference call to discuss its Q3 financial results for the 2026 fiscal year. Analysts expect revenue growth driven by the adoption of cloud products. Investors are keen to see if the company’s high projections regarding customer base expansion and profitability will be realized.
- Credo Technology (CRDO): Also after market close, Credo will reveal its financial results for Q2 of the 2026 fiscal year. Strong performance prospects suggest continued growth in the business of optical networking solutions amid booming demand for AI infrastructure.
- ITT Inc. (ITT): will publish its report for Q3. This industrial group typically announces results in early December. Increased demand in aerospace and automation segments may enhance profit forecasts.
Investors will compare these companies' results with previous expectations and analyze management's commentary. The reports from technology and industrial companies will provide guidance on corporate spending health 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 packed with corporate events. Upcoming days will see results presentations from German automotive giants and banks, alongside reports from Japanese corporations. While Cyber Monday maintains consumer focus, participants in Asia are assessing local market responses to global trends, such as the recovery in semiconductor demand or movements in national currencies. Attention will also be on the state of the Russian market amid external factors.
Russian Market
The Moscow Exchange recorded moderate growth on the last trading day of Friday, fueled by the positive dynamics of "Black Friday" and stabilization of oil prices. The ruble strengthened against the dollar, remaining above 75 against the U.S. dollar. On Monday, external signals—OPEC+'s decisions on oil and U.S. macro statistics—may significantly influence Russian assets. Local developments in early December are limited to the release of confidence indexes or lackluster corporate data, thus shifting the focus onto the global economic environment. Russian investors should keep an eye on fluctuations in oil prices and the ruble's exchange dynamics, as these factors continue to define the returns of many securities on MOEX.
What Investors Should Focus On
- ISM and PMI (U.S.): The results will indicate the strength of the industrial sector, particularly important in the context of anticipated interest rate cuts by the Fed. A slowdown or acceleration in PMI growth could sharply adjust monetary policy forecasts.
- Jerome Powell’s Speech: Any comments on the future course of rates or the economic situation in the U.S. will immediately impact market expectations and currency rates.
- Black Friday/Cyber Monday: Final figures on retail and online sales will be recorded. Strong results will boost confidence in the retail sector and consumer demand, while weak results may heighten caution.
- Oil Market: The ongoing stability of OPEC+ production holds prices at current levels. However, all eyes are on the potential shift in supply-demand balance: oil still dictates the mood of the energy sector and the currency exchange rates of resource economies.
- Corporate Reports: MongoDB and Credo will showcase trends in technology and networking solutions, while ITT will focus on industry developments. Investors should track whether analyst forecasts are justified and adjust their sector growth assessments accordingly.
Collectively, these factors will set the tone for trading in early December. By continuously monitoring indicators and corporate news, investors can position themselves better amidst market fluctuations.
