Key Economic Events and Corporate Reports for Tuesday, December 2, 2025: Eurozone CPI, U.S. JOLTS, Powell's Speech, Reports from CrowdStrike, Marvell, Okta, American Eagle, Signet, and Other Companies. A Comprehensive Overview for Investors.
On Tuesday, corporate reports from major American technology and retail companies take center stage, while macroeconomic statistics play a secondary role. Investors will focus on the upcoming releases from CrowdStrike and Marvell, as their results are expected to set the tone for the U.S. cybersecurity and semiconductor sectors. The performance of American retailers (American Eagle, Signet) will reflect market sentiment in consumer goods and the S&P 500. External political events are also of significance: in Moscow, U.S. Special Representative Steve Whitcoff will meet with Vladimir Putin, and NATO ministers will discuss a peace plan for Ukraine. The geopolitical agenda could heighten volatility in the oil market and the defense sector. Amidst scarce data, the focus shifts to corporate forecasts and international news.
Corporate Earnings Reports from the U.S. and Canada
- CrowdStrike (CRWD, U.S.) – A leading player in the cybersecurity sector. The third-quarter report will be released after market close: investors are interested in revenue growth from cloud services and annual recurring revenue (ARR).
- Marvell Technology (MRVL, U.S.) – A semiconductor manufacturer. The financial results will be published, with key focus on the sales dynamics of specialized chips for data centers (especially in the artificial intelligence segment) and 5G networks.
- Okta (OKTA, U.S.) – A provider of identity and access management solutions in the cloud. After the market closes, the company will report on the number of new corporate clients and subscription revenue, indicating the health of corporate IT budgets.
- American Eagle Outfitters (AEO, U.S.) – An American youth clothing retailer. Its report will serve as an indicator of consumer demand for goods leading up to the holiday season. Forecasts regarding margins and sales volumes during this key period are particularly important.
- Signet Jewelers (SIG, U.S.) – The largest global retailer of jewelry (brands include Kay, Zales, etc.). A strong growth in sales of fashionable jewelry and lab-grown diamonds is anticipated for the second quarter. Investors will assess the recovery in bridal and engagement demand, as well as margin prospects.
- Bank of Nova Scotia (BNS, Canada) – One of Canada’s leading banks. The fourth-quarter earnings report for 2025 will demonstrate how the bank is coping with inflationary pressures and rising interest rates. Monitoring credit portfolio and reserve indicators is vital for evaluating the Canadian financial sector.
Company Reports in Europe and Asia
- Fast Retailing (TYO:9983, Japan) – The parent company of Uniqlo. It will summarize November sales. The monthly data will provide insights into consumer demand in Asia and Europe, where Uniqlo is expanding significantly.
- Other global markets – On December 2, there are no notable reports from blue-chip companies in Europe. Investors will focus on macroeconomic news, as European and Asian indices (Euro Stoxx 50, Nikkei 225) are more likely to react to inflation data and foreign policy issues rather than corporate releases.
Macroeconomic Calendar (Moscow Time)
- 00:30 – U.S.: API report on crude oil inventories. Preliminary data on oil, gasoline, and distillate stocks is crucial for setting the tone in the oil market ahead of the official publication by the U.S. Department of Energy.
- 04:00 – U.S.: Speech by Federal Reserve Chair Jerome Powell. The Chairman's comments may provide hints on the regulator's future actions.
- 13:00 – Eurozone: Preliminary consumer price index (CPI) for November. The annual change in Eurozone inflation is critical for forecasting the ECB's monetary policy.
- 18:00 – U.S.: JOLTS report (job openings, September). This indicator illustrates labor market trends and signals the pace of hiring in the U.S. economy.
Geopolitical Factors
- U.S.–Russia: In Moscow, U.S. Special Representative Steve Whitcoff is holding talks with President Putin. This meeting, set against the backdrop of the situation in Ukraine and potential energy contracts, could induce volatility in currency and commodity markets.
- NATO: Meeting of foreign ministers of the alliance. Special attention will be given to discussing the peace plan for Ukraine, previously proposed by Donald Trump. The participation of key European leaders (including Dutch Prime Minister Mark Rutte) may influence expectations regarding the geopolitical situation.
- China–Russia: Chinese Foreign Minister Wang Yi is concluding his visit to Moscow (December 1–2). Bilateral negotiations on security and trade could strengthen trading ties between the countries.
- Russia: The 16th VTB Investment Forum "Russia Calling!" has commenced in Sochi (day 1). Major investment projects and measures to improve the business climate in Russia are being discussed, which are important for understanding the prospects of the Russian capital market.
Commodity Markets
- Oil: Oil prices may be sensitive to news concerning inventories and geopolitical developments. API data (00:30) will indicate supply/demand balance ahead of the weekly EIA report. Negative geopolitical signals (Ukraine, sanctions) could drive up prices for Brent and WTI.
- Metals and Commodities: No significant reports are expected. Copper and industrial metals remain under pressure due to weak demand in China. Gold and silver continue to attract demand as a "safe haven" amidst geopolitical uncertainties and expectations of Fed rate cuts.
End of Day: Key Considerations for Investors
- The results from CrowdStrike and Marvell will determine sentiment in the technology sector. Strong revenue growth figures and expected ARR may support the Nasdaq and S&P 500, while disappointing reports could lead to sell-offs in IT stocks.
- The retail reports (American Eagle, Signet) will reveal trends in consumer spending ahead of the holidays. High sales figures will bolster optimism in the U.S. market; otherwise, confidence in the resilience of consumer demand may weaken.
- Data on Eurozone inflation and the JOLTS report will provide insights into monetary rate prospects. A slowing inflation rate or weakness in the labor market will support bonds and the EUR currency. This may weaken the dollar and improve the global risk sentiment.
- Geopolitics remains a source of uncertainty. The meeting between Whitcoff and Putin, along with discussions in NATO on the U.S. plan, may increase demand for "safe" assets and oil. Russians should keep an eye on energy prices and the ruble exchange rate amidst possible fluctuations.
- SNG investors should monitor the movements of global indices. On Wednesday, attention should be paid to the S&P 500, Euro Stoxx 50, Nikkei 225, and Moscow Exchange—their reactions to a combination of corporate reports and macro news will indicate the trend for the following day.
