Key economic events and corporate reports for Sunday, November 30, 2025: OPEC+ meeting, Black Friday review, forecast for the start of the new week, and an overview of companies from the S&P 500, Euro Stoxx 50, Nikkei 225, and MOEX.
On the last Sunday of autumn, November 30, 2025, the global agenda is dominated by **oil-related topics**: OPEC+ countries are convening for a meeting that could impact commodity markets and the currencies of developing nations. The macroeconomic background is relatively calm – no key **economic events** are scheduled today, prompting investors to shift their focus toward corporate drivers and the preliminary results of the sales season. Following Thanksgiving in the U.S., markets are evaluating the early outcomes of **Black Friday**, looking for signals regarding consumer demand strength. The quarterly **corporate earnings season** is nearing its end: there are minimal major publications today in the U.S. and Europe; however, some companies in the tech sector (e.g., MongoDB) will report after market close on Monday. In the Russian market, attention is drawn to the 9-month results of local leaders and external factors – the dynamics of oil prices following the OPEC+ decision and the ruble's exchange rate. Investors are utilizing this relatively quiet Sunday to prepare for the commencement of a new trading week and the traditionally eventful month of December.
Macroeconomic Calendar (Moscow Time)
- Throughout the day – Vienna, Austria: OPEC ministers meeting with allies regarding the OPEC+ agreement (discussion on the production quotas for the first months of 2026).
- 04:00 (Mon) – China: November Purchasing Managers' Index (PMI) for Manufacturing. Preliminary estimates indicate stabilization in the sector, which is significant for commodity markets and sentiment in Asia.
- 18:00 (Mon) – USA: ISM Manufacturing Index for November. This indicator will serve as the first significant macro signal for December, reflecting the state of industrial production and orders.
OPEC+: Oil Policy Meeting
- **Maintenance of Current Quotas**. OPEC+ is convening for a scheduled meeting, where it is expected that current production limits will be extended without changes for the first quarter of 2026. Leading exporters (Saudi Arabia, Russia, etc.) have signaled their readiness to adhere to previously agreed levels to support market balance.
- **Monitoring and Capacity Assessment**. One of the discussions will focus on approving a methodology for assessing members' production capacities moving forward. This technical decision will lay the groundwork for future quotas: higher confirmed capacity may allow a country to claim a larger share when the group revisits discussions on increasing production. Investors are closely monitoring for details – revising baseline production levels could alter long-term dynamics within the cartel.
- **Oil Market Reaction**. No surprises are expected from the meeting – the absence of new production cuts is already priced in. Brent crude ended the previous week near $85–88 per barrel, and maintaining the status quo from OPEC+ may keep prices within this range. However, any unexpected developments (e.g., hints at policy changes or disagreements between countries) may trigger volatility: heightened restrictions could push oil prices up, whereas discussions of increased supply could lead to a short-term price drop.
Sales Season: Black Friday and Cyber Monday
- **Record Online Sales**. According to preliminary data from U.S. retailers, this year’s Black Friday set a new online sales record – over $11 billion for the day (+9–10% compared to last year, based on Adobe Analytics). Consumer activity was high both offline and online, indicating robust consumer demand despite economic challenges. The significant role played by mobile device purchases and AI-based tools personalized offerings for customers.
- **Focus on Profitability**. Investors are now evaluating how record revenues during the sales period will impact company profits. On the one hand, high turnover during discount days will support quarterly sales for retailers (from giant chains like **Best Buy** to online platforms like Amazon and eBay). On the other hand, large discounts and shipping costs may restrict margins. Attention will be drawn to companies’ comments on traffic dynamics, average transaction values, and inventory levels post-sales.
- **Cyber Monday Ahead**. Following this is the equally significant **Cyber Monday** (December 1), focusing on online shopping. Expectations are for continued growth in internet sales: many consumers reserve large tech purchases for this day. Data regarding Cyber Monday will be available by Monday evening, setting the tone for tech and retail stocks. If this day also confirms consumer demand strength, a positive momentum for consumer goods and e-commerce sectors on U.S. and European exchanges can be anticipated.
Earnings Reports: Before Market Open (BMO, USA)
- **No Significant Releases**. Before trading begins on Monday, December 1, there are no major corporate earnings reports from the S&P 500. American markets will open after a long weekend without fresh earnings drivers, so morning dynamics will be shaped by the overall news backdrop – the outcomes of the OPEC+ meeting, statistics from Asia (Chinese PMI), and initial sales estimates over the holiday. A moderate external backdrop suggests a tranquil opening; however, investors remain vigilant in anticipation of key events throughout the week (including U.S. labor market data at week’s end and other economic indicators).
Earnings Reports: After Market Close (AMC, USA)
- **MongoDB (MDB)** – a developer of cloud databases and storage solutions. The company from the NASDAQ index is set to release its third-quarter results after the conclusion of the main session. Focus areas include revenue growth from subscriptions to MongoDB Atlas cloud services and the expansion of its corporate client base. Investors are keen to see how the integration of artificial intelligence technologies and big data management stimulates demand for the platform. Profitability metrics and management forecasts are also essential: can MongoDB sustain high growth rates (revenue consistently grows at double-digit rates year-over-year) without compromising profitability? A strong report and optimistic guidance will boost confidence in the cloud technologies sector, while weak results might prompt profit-taking in previously actively growing IT stocks.
- **Other Companies**. Apart from MongoDB, several other small to mid-cap companies from the technology and industrial sectors in the U.S. will also report after market close on Monday. Although their impact on the broader market is limited, individual surprises (positive or negative) can locally shift investor focus. For instance, the Chinese company Cango reporting its quarterly financial results or revised forecasts from regional banks might become sources of volatility in respective niche segments. Overall, the beginning of the week is characterized by a lull before a series of more significant reports expected Tuesday through Thursday (including Salesforce, Snowflake, and other distinguished companies).
Other Regions and Indices: Euro Stoxx 50, Nikkei 225, MOEX
- **Euro Stoxx 50 (Europe)**: European stock markets are entering the new week without new blue-chip earnings publications on Sunday. Following the conclusion of the main earnings season, focus shifts to macroeconomic statistics and external factors. Investors in the Eurozone assess external signals – stable oil prices following the OPEC+ meeting, outcomes from sales in the U.S., and data from China. Regional indicators will be released later in the week (preliminary November inflation data is scheduled for Tuesday, with CPI expected to hold around 2% year-on-year). In the currency market, the euro trades steadily around $1.08–1.09, and yields on EU country bonds have slightly declined in light of expectations that the ECB will pause interest rate changes. The lack of domestic drivers on November 30 signifies that European indices will follow global trends and dynamics of U.S. futures at Monday's opening.
- **Nikkei 225 (Japan)**: The Japanese market approaches Monday without new corporate earnings reports – most major companies already disclosed their results for the half-year earlier. The macroeconomic situation remains relatively stable: inflation in Tokyo hovers around ~2.5%, corroborating the Bank of Japan’s cautious stance on interest rates. The **Bank of Japan** maintains its ultra-loose monetary policy, keeping the yen weak (around ¥155 per dollar), which supports exporter stocks. In the absence of fresh news, Nikkei 225 will rely on external indicators: improved sentiment on Wall Street and positive signals from China (e.g., an unexpected increase in industrial PMI) could push the Japanese index up. However, a potential strengthening of the yen amidst rising geopolitical tensions or demand for safe-haven assets may temporarily cool the rally in Nikkei.
- **MOEX (Russia)**: The Russian MOEX index is finishing November in the range of 2700–2750 points, demonstrating relative stability following the volatility observed at the beginning of autumn. On November 30, the final events of the quarterly earnings season are anticipated: the publication of **Aeroflot**’s financial results for the first 9 months of 2025 (IFRS). Investors will assess the dynamics of passenger traffic and flight yield of the national carrier within the context of the recovery in the aviation industry and fluctuations in fuel prices. More broadly, the primary external factor for the Russian market is the OPEC+ decision: stable oil prices will support stocks in the oil and gas sector and the budget of the Russian Federation, while any negative news for oil will immediately reflect on market sentiments. The ruble trades around 92 per dollar, bolstered by end-of-month tax payments and the absence of new sanction shocks. In a calm global environment today, the MOEX index will be influenced by individual corporate stories (reports and dividend decisions from specific issuers, such as upcoming shareholder meetings) and the general risk appetite of investors on external markets.
Day Summary: What Investors Should Focus On
- **OPEC+ Decisions and Oil**: The outcomes of the Vienna OPEC+ meeting will be the key benchmark for the week's start. A scenario with no changes to production is expected to be perceived neutrally by the market: oil prices may stay within the current range, while oil and gas stock dynamics remain stable. However, investors should closely monitor rhetoric: any disagreements or hints at potential future quota adjustments will likely heighten volatility. Special attention should be given to the currencies of commodity-exporting countries (the ruble, Canadian dollar, Norwegian krone): strengthening oil prices will support them, while any negative surprise from OPEC+ might lead to depreciation.
- **Consumer Demand and Retail Sector**: The first data on holiday season sales (Black Friday records) set an optimistic tone for the retail segment. Investors should keep an eye on news regarding traffic and revenue on Cyber Monday: strong metrics will confirm consumer willingness to spend, providing support for retail, e-commerce, and related companies (payment systems, delivery services). If the sales results are weaker than anticipated, short-term disappointment and corrections in these stocks may occur. Furthermore, strong sales in the U.S. and Europe could adjust fourth-quarter GDP forecasts and impact central bank strategies on interest rates (through inflation effects).
- **Beginning of December and Statistics**: Monday marks the start of December – a month historically favorable for stock markets due to the end-of-year rally effect. Nevertheless, the realization of this scenario largely depends on the macroeconomic signals in the coming days. On December 1, a series of PMIs from around the globe will be released (including **ISM for the U.S.**), followed by inflation data in the Eurozone (on Tuesday) and employment reports in the U.S. (on Friday). Investors must pay attention to whether fresh metrics confirm inflation deceleration and soft economic cooling. Positive surprises (low inflation, stable production growth) will bolster confidence in markets and may drive the S&P 500 to new heights, while negative data (price spikes, industry downturns) will increase caution and volatility.
- **Portfolio Reallocation**: A quiet Sunday is an appropriate time for investors from the CIS to reevaluate their portfolio structure before the final month of the year. It is recommended to assess the balance between riskier and defensive assets, taking into account upcoming events: the U.S. Federal Reserve meeting on December 10-11, key corporate earnings reports due early December, and geopolitical factors. Strategic planning and setting stop-losses/take-profits at critical levels will help approach December with readiness. Despite relatively low market volatility today, sudden news (whether breakthroughs in negotiations, sanction rhetoric, or force majeure events) can quickly alter the situation – a well-thought-out action plan will safeguard capital and capitalize on emerging opportunities.
