Key Economic Events and Corporate Reports for Tuesday, December 2, 2025: Eurozone CPI, US JOLTS, Powell's Speech, Reports from CrowdStrike, Marvell, Okta, American Eagle, Signet, and Other Companies. Full Overview for Investors.
On Tuesday, corporate reports from major American technology and retail companies will take center stage, while macroeconomic statistics play a secondary role. Investors will be keenly watching the releases from CrowdStrike and Marvell, as their results are expected to set the tone for the cybersecurity and semiconductor sectors in the U.S. Success or failure among U.S. retailers (American Eagle, Signet) will impact consumer sentiment and the S&P 500. International events are also significant: in Moscow, the U.S. special representative Steve Whitcoff will meet with Vladimir Putin, while NATO ministers discuss a peace plan for Ukraine. The geopolitical landscape may heighten volatility in the oil market and the defense sector. Amid limited data, the focus is shifting toward corporate forecasts and international news.
Corporate Earnings Reports in the U.S. and Canada
- CrowdStrike (CRWD, USA) – a major player in the cybersecurity sector. After the market closes, the company will release its Q3 report: investors will be focused on revenue growth from cloud services and annual recurring revenue (ARR).
- Marvell Technology (MRVL, USA) – a semiconductor manufacturer. The company will report financial results, with key indicators being sales trends for specialized chips used in data centers (particularly in the artificial intelligence and 5G segments).
- Okta (OKTA, USA) – a provider of identity and access management solutions in the cloud. Reporting after market close, the company will reveal the number of new enterprise customers and subscription revenue, reflecting the health of organizational IT budgets.
- American Eagle Outfitters (AEO, USA) – an American youth clothing retailer. Its report will serve as an indicator of consumer demand for goods ahead of the holiday season. Margin and sales volume forecasts for the key period will be especially crucial.
- Signet Jewelers (SIG, USA) – the world's largest jewelry retailer (brands include Kay, Zales, and others). Q2 is expected to show robust growth in sales of fashion jewelry and lab-grown diamonds. Investors will assess the recovery of demand in the engagement and wedding segments, as well as margin prospects.
- Bank of Nova Scotia (BNS, Canada) – one of Canada's leading banks. The report for Q4 2025 will indicate how the bank is managing inflationary pressures and rising interest rates. Monitoring the credit portfolio and reserves will be important for evaluating the Canadian financial sector.
Corporate Reports from Europe and Asia
- Fast Retailing (TYO:9983, Japan) – the parent company of Uniqlo. It will report November sales figures, which will provide insight into consumer demand in Asia and Europe, where Uniqlo is actively expanding.
- Other Global Markets – on December 2, there are no notable blue-chip reports from Europe. Investors will focus on macroeconomic news: European and Asian indices (Euro Stoxx 50, Nikkei 225) are more likely to react to inflation data and geopolitical developments than to corporate releases.
Macroeconomic Calendar (MSK Time)
- 00:30 – USA: API report on crude oil stocks. Preliminary data on oil, gasoline, and distillate reserves will set the tone in the oil market ahead of the official release by the U.S. Energy Information Administration.
- 04:00 – USA: Speech by Federal Reserve Chair Jerome Powell. Comments from the Fed Chairman may provide clues about future regulatory actions.
- 13:00 – Eurozone: Preliminary Consumer Price Index (CPI) for November. The annual change in Eurozone inflation is important for predicting the European Central Bank's monetary policy.
- 18:00 – USA: JOLTS report (job openings in the labor market, September). This indicator illustrates labor market trends and signals hiring pace in the American economy.
Geopolitical Factors
- USA-Russia: In Moscow, U.S. Special Representative Steve Whitcoff will engage in talks with President Putin. This meeting comes against the backdrop of the situation in Ukraine and potential energy contracts, which could lead to volatility in currency and commodity markets.
- NATO: Meeting of the alliance's foreign ministers. Special attention will be given to discussions on a peace plan for Ukraine previously proposed by Donald Trump. The participation of key European leaders (including Dutch Prime Minister Mark Rutte) may influence geopolitical expectations.
- China-Russia: Chinese Foreign Minister Wang Yi concludes his visit to Moscow (December 1-2). Bilateral talks on security and trade may strengthen trade ties between the two nations.
- Russia: The 16th VTB Investment Forum "Russia Calling!" has kicked off in Sochi (day 1). The forum will discuss major investment projects and measures to improve the business climate in Russia, which is important for understanding the prospects of the Russian capital market.
Commodity Markets
- Oil: Oil prices may be sensitive to news regarding stocks and geopolitical developments. API data (00:30) will indicate demand/supply balance ahead of the weekly EIA report. Negative geopolitical signals (Ukraine, sanctions) could push Brent and WTI prices higher.
- Metals and Commodities: No significant reports are expected. Copper and industrial metals remain under pressure from weak demand in China. Gold and silver continue to see demand as "safe havens" amid geopolitical uncertainty and expectations of lower Fed rates.
End of the Day: What Investors Should Focus On
- The results from CrowdStrike and Marvell will determine sentiment in the technology sector. Strong revenue growth figures and expected ARR could support the Nasdaq and S&P 500, while weak reports may trigger sell-offs in IT stocks.
- Reports from retailers (American Eagle, Signet) will reveal trends in consumer spending leading up to the holidays. Strong sales will bolster optimism in the U.S. market; conversely, if sales are weak, confidence in the stability of consumer demand may decline.
- Eurozone inflation data and JOLTS figures will provide insight into the outlook for monetary rates. Slowing inflation or weakness in the labor market may support bonds and the EUR currency, potentially weakening the dollar and improving global risk sentiment.
- Geopolitics remains an uncertainty factor. Whitcoff's meeting with Putin and discussions at NATO over the U.S. plan could increase demand for "safe" assets and oil. Russians should closely monitor energy prices and the ruble's rate for potential fluctuations.
- Investors from the CIS should keep an eye on global index behavior. On Wednesday, attention will turn to the S&P 500, Euro Stoxx 50, Nikkei 225, and Moscow Exchange – their reaction to the combination of corporate reports and macroeconomic news will provide insight into the trend for the following day.
