Investor Calendar for the Week 29 December 2025 – 4 January 2026: Key Macroeconomic Data (PMI, US Trade Balance, FOMC Minutes, EIA Oil and Gas Inventory), Holiday Trading Environment, and OPEC+ Events.
This week falls during the New Year holidays, during which many exchanges are closed or operate on limited hours. Investors will be closely monitoring the PMI data from the US, Europe, and Asia, along with the OPEC+ meeting concerning oil production. Corporate earnings reports are largely complete, but even a few announcements can lead to local fluctuations.
Monday, 29 December 2025
Today, Russia will release its PMI figures alongside the US trade balance and EIA data on oil and gas inventories. These figures will provide a deeper understanding of statistical trends ahead of the holidays.
- After market close: Micron Technology (US) – Q1 fiscal year 2026 earnings report. Micron has reported a record quarterly revenue of approximately $13.65 billion and earnings of $4.60 per share, reflecting strong demand for memory and data centre equipment.
Economic Events (MSK Time):
- 09:00 Russia – Manufacturing PMI (December).
- 16:30 US – Trade Balance (November).
- 18:00 US – Pending Home Sales (November).
- 18:30 US – Oil Inventories (EIA Petroleum Status Report).
- 19:00 Russia – Consumer Price Index (CPI, December, estimate).
- 20:00 US – Natural Gas Inventories (EIA Natural Gas Storage).
Investor Insight: Low volatility is anticipated as markets are in a "calm" period before the holidays, leading to moderate reactions. The PMI data and trade balance will add context to the economic picture, but the results from Micron and energy inventories may serve as key drivers. Investors should focus on global macro indicators as the new year approaches.
Tuesday, 30 December 2025
The Central Bank of Russia will set currency rates for the holiday period, while the US will release Case-Shiller Index data and FOMC Minutes. These events may influence the rouble's exchange rate and market inflation expectations.
- Economic Events (MSK Time):
- 09:00 Russia – Services/Composite PMI (December).
- 17:00 US – S&P Case-Shiller House Price Index (October).
- 22:00 US – FOMC Minutes.
- 00:30 (Wed, 31 Dec) US – API Crude Oil Stock data.
Investor Insight: The day is expected to pass without major upheavals; the FOMC Minutes and housing data will signal sentiment in the US economy, while decisions from the Central Bank of Russia will guide expectations for the rouble. If the figures confirm inflation slowdown, this could support a positive outlook for January. The absence of major corporate news shifts focus towards global trends.
Wednesday, 31 December 2025
Due to the holidays, many exchanges are closed or operating on a limited basis. Key attention will be on China's PMI services data and US Jobless Claims alongside the Chicago PMI, which will provide insights into trends heading into the New Year.
- Economic Events (MSK Time):
- 04:30 China – Preliminary Business Activity Index: Services/Composite PMI (December).
- 16:30 US – Weekly Initial Jobless Claims.
- 17:45 US – Chicago PMI (December).
Investor Insight: The last day of the year is traditionally characterised by a “festive” mood with very low volumes and little expected movement. Nevertheless, the Chinese PMI and US labour market data will indicate how prepared the economy is for growth. Investors should exercise caution: with low liquidity, any news may lead to temporary market fluctuations.
Thursday, 1 January 2026
On New Year's Day, trading is virtually non-existent, but important news will be released: VAT in Russia will increase, the EU will ban new contracts for gas imports from Russia, and various countries will tighten crypto regulations.
- Russia – VAT will increase to 22% from 1 January 2026, placing pressure on consumption and supporting inflation.
- European Union – ban on new contracts for Russian gas imports, increasing uncertainty in the energy sector.
- Russia/UAE – UAE removed from Russia's "blacklist" of offshore jurisdictions, easing capital flows.
- Sweden – ban on uranium ore extraction lifted, expanding opportunities in the nuclear sector.
- United Kingdom – crypto exchanges must provide user and transaction data to tax authorities.
- European Union – new directive for reporting by crypto companies requires sharing fiscal information.
- Uzbekistan – regime introduced for stablecoins as a means of payment.
- Turkmenistan – crypto mining and exchange activities are legalised as of 1 January.
Investor Insight: Thursday revolves around political and economic news. Tax and energy changes set a long-term backdrop: the increase in VAT and currency decisions from the Central Bank of Russia will impact fundamental economics, while gas restrictions and crypto regulation will shape strategic expectations. Investors should consider these factors when allocating assets, although immediate market effects are not expected.
Friday, 2 January 2026
The collection of global manufacturing PMIs resumes: reports from Australia to the US will indicate the growth of the industry at the start of the year. This data will set the tone for market sentiment and the initial wave of corporate forecasts.
Economic Events (MSK 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 US – S&P Global Manufacturing PMI (December).
- Before market open: no major corporate reports available; companies will begin their annual reporting later.
- After market close: no significant corporate reporting (Q3 2025 results have already been published).
Investor Insight: Friday will determine the dynamics of global manufacturing; a rise in PMI will support industrial and commodity stocks, while a decline may prompt a review of forecasts. It's crucial for investors to compare the responses of markets in the US (S&P 500), Europe (Euro Stoxx 50, DAX), and Asia (Nikkei, Shanghai) to decide on capital reallocation.
Sunday, 4 January 2026
OPEC+ is scheduled to meet regarding oil production quotas today. The cartel's decisions will set trends for the oil market and impact the energy sector.
Investor Insight: The OPEC+ decision will determine the short-term trend for oil; an extension of cuts will support prices and energy stocks, while a relaxation of quotas may lead to declines. Investors should monitor the cartel's signals and futures reactions, as well as the potential volatility upon market reopenings in early January.
Summary and Investor Focus for the Week
During the week of 29 December – 4 January, investors should observe:
- Global PMIs: These will indicate the momentum with which the economy commences the new year.
- Regulatory Changes: Central bank decisions and fiscal policy (Russian VAT, gas restrictions) will set key indicators.
- Oil Market: OPEC+ decisions and oil prices are pivotal for the energy sector.
This week will be transitional: markets will close the year in relative calm but will begin to eye major macroeconomic and geopolitical events. The allocation of capital between safe assets (gold, cash) and riskier ones (growth stocks, commodity companies) this week could set the trend for the start of 2026.
