Investor Calendar for the Week of December 29, 2025 – January 4, 2026: Key Macroeconomic Data (PMI, US Trade Balance, FOMC Minutes, EIA Oil and Gas Inventories), Holiday Trading Regime, and OPEC+ Events.
This week coincides with the New Year's break: many exchanges are closed or operating on reduced schedules. Investors are focused on PMI data from the US, Europe, and Asia, as well as the OPEC+ meeting on oil. Corporate earnings reports are mostly concluded, but even a few individual releases may cause local fluctuations.
Monday, December 29, 2025
Today, Russian PMI and the US trade balance will be published, along with EIA data on oil and gas inventories in the US. These figures will complement the statistics before the holidays.
- After market close: Micron Technology (USA) – Q1 2026 financial year report. Micron demonstrated 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: markets are in a "calm" before the holidays, so reactions will be moderate. The PMI and trade balance figures will provide context for the economy, but Micron’s results and energy inventories may serve as key drivers. Investors should focus on global macro indicators before the start of the year.
Tuesday, December 30, 2025
The Central Bank of Russia will establish exchange rates for the holiday period, while the US will release Case-Shiller and FOMC minutes. These events may affect the ruble 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 (API Crude Oil Stock).
Investor Takeaway: The day is likely to pass without major upheaval: the FOMC minutes and housing data will provide insights into sentiments in the US economy, while the Central Bank of Russia's decisions will set the tone for the ruble. If the indicators confirm a slowdown in inflation, it will bolster optimism for January. The lack of significant corporate news shifts the focus to global trends.
Wednesday, December 31, 2025
Due to the holidays, many exchanges are closed or operating on reduced hours. Keyly, the services PMI from China and US Jobless Claims along with the Chicago PMI are crucial as they will reflect dynamics leading up to the New Year.
- Economic Events (Moscow time):
- 04:30 China – Preliminary Business Activity Index: Services/Composite PMI (December).
- 16:30 USA – Initial Jobless Claims (Weekly Initial Jobless Claims).
- 17:45 USA – Chicago PMI (December).
Investor Takeaway: The last day of the year is traditionally characterized by a "holiday" mood – trading volumes are very low, and no significant movements are expected. Nevertheless, the Chinese PMI and US labor market data will indicate how well the economy is poised for growth. Investors should exercise caution: with low liquidity, any news can momentarily shake the market.
Thursday, January 1, 2026
New Year's Day – trading is virtually nonexistent, but significant news will be released: VAT in Russia increases, the EU bans new contracts for gas from Russia, and various countries tighten cryptocurrency regulations.
- Russia – VAT rises to 22% effective January 1, 2026, exerting pressure on consumption and supporting inflation.
- European Union – Ban on new contracts for importing Russian gas, heightening uncertainty in the energy sector.
- Russia/UAE – UAE is removed from the "blacklist" of Russian offshore zones, simplifying capital flows.
- Sweden – Lifting the ban on uranium mining expands prospects for the nuclear sector.
- United Kingdom – Cryptocurrency exchanges are required to provide tax authorities with user and transaction data.
- European Union – A directive on the reporting of cryptocurrency companies commences, making fiscal information provision mandatory.
- Uzbekistan – Introduction of regulations for stablecoins as a payment method.
- Turkmenistan – As of January 1, cryptocurrency mining and crypto exchange activities are legalized.
Investor Takeaway: Thursday revolves around political-economic news. Tax and energy changes create a long-term backdrop: the increase in VAT and currency decisions by the Central Bank of Russia impact the economy's fundamentals, while gas restrictions and cryptocurrency regulations shape strategic expectations. Investors are advised to consider these factors in their asset allocation, although rapid market effects are unlikely.
Friday, January 2, 2026
The collection of global manufacturing PMIs resumes: reports from Australia to the US will show how well the industry is growing at the start of the year. These data will set the tone for the 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 earnings reports (Q3 2025 reports are already published).
Investor Takeaway: Friday will determine the dynamics in global manufacturing – rising PMIs will support industrial and commodity stocks, while declines will necessitate a reevaluation of forecasts. Investors should compare the responses of the US (S&P 500), European (Euro Stoxx 50, DAX), and Asian (Nikkei, Shanghai) markets, and make decisions regarding 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 affect the energy sector.
Investor Takeaway: The OPEC+ decision will define the short-term oil trend: an extension of cuts will support prices and energy sector stocks, while a loosening of quotas may lead to declines. Investors should monitor the signals from the cartel and the reactions in the futures markets, as well as anticipate potential volatility as trading resumes in early January.
Weekly Summary and Key Considerations 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 starts the new year.
- Regulatory Changes: Central bank resolutions and fiscal policy (Russian VAT, gas restrictions) will set the key benchmarks.
- Oil Market: OPEC+ decisions and oil prices are crucial factors for the energy sector.
The week will be transitional: markets will conclude the year in relative calm but will begin to eye major macroeconomic and geopolitical events. Allocating capital between defensive assets (gold, cash) and riskier ones (growth stocks, commodity companies) may set the trend for the beginning of 2026.
