Key Economic Events and Corporate Reports for Tuesday, 2 December 2025: Eurozone CPI, US JOLTS, Powell's Speech, Reports from CrowdStrike, Marvell, Okta, American Eagle, Signet, and Other Companies. A Comprehensive Overview for Investors.
On Tuesday, the spotlight will be on corporate reports from major American technology and retail companies, with macroeconomic statistics taking a back seat. Investors will be keenly anticipating the publications from CrowdStrike and Marvell, as their results are expected to set the tone for the cybersecurity and semiconductor sector in the US. The performance of American retailers (American Eagle and Signet) will directly impact market sentiment towards consumer goods and the S&P 500 index. Furthermore, external political events hold significance: in Moscow, US Special Representative Steve Whitcoff will meet with Vladimir Putin, whilst NATO ministers discuss a peace plan regarding Ukraine. The geopolitical agenda could heighten volatility in the oil market and the defence sector. With limited data available, the focus shifts towards corporate forecasts and international news.
Corporate Reports from the US and Canada
- CrowdStrike (CRWD, US) – a leading player in the cybersecurity sector. After market close, the Q3 report will shed light on revenue growth from cloud services and the annual recurring revenue (ARR).
- Marvell Technology (MRVL, US) – a semiconductor manufacturer. The financial results will be published, with key metrics focusing on sales trends of specialised chips for data centres, particularly in the artificial intelligence and 5G segments.
- Okta (OKTA, US) – a provider of cloud identity and access management solutions. Reporting after market close, the company will disclose the number of new enterprise customers and subscription revenue, reflecting the state of IT budgets within organisations.
- American Eagle Outfitters (AEO, US) – a US retailer of youth apparel. Its report will serve as an indicator of consumer goods demand ahead of the festive season. Forecasts on margin and sales volumes during this critical period will be particularly significant.
- Signet Jewelers (SIG, US) – the world’s largest retailer of jewellery (including brands like Kay and Zales). The second quarter is expected to indicate strong growth in sales of fashionable jewellery and lab-grown diamonds. Investors will evaluate the recovery in demand within the engagement and wedding segment, as well as margin prospects.
- Bank of Nova Scotia (BNS, Canada) – a leading Canadian bank. The Q4 2025 income report will reveal how the bank is navigating inflationary pressures and rising interest rates. Monitoring credit portfolio statistics and reserves will be crucial for assessing the financial sector in Canada.
Corporate Reports from Europe and Asia
- Fast Retailing (TYO:9983, Japan) – the parent company of Uniqlo. It will review sales figures for November. The data from this month will provide insights into consumer demand in Asia and Europe, where Uniqlo is expanding rapidly.
- Other Global Markets – on December 2, there are no notable ‘blue chip’ reports from Europe. Investors will be attuned to macroeconomic news, as European and Asian indices (Euro Stoxx 50, Nikkei 225) are likely to react more to inflation data and geopolitical developments than to corporate releases.
Macroeconomic Calendar (MSK Time)
- 00:30 – US: API report on crude oil inventories. Preliminary data regarding oil, gasoline, and distillate stocks will set the tone for the oil market ahead of the official report from the US Energy Information Administration.
- 04:00 – US: speech by Federal Reserve Chair Jerome Powell. Comments from the Fed Chair may provide hints regarding future regulatory actions.
- 13:00 – Eurozone: preliminary Consumer Price Index (CPI) figures for November. The year-on-year inflation change in the Eurozone is critically important for the ECB's monetary policy outlook.
- 18:00 – US: JOLTS report (Job Openings and Labor Turnover Survey, September). This indicator illustrates trends in the job market and signals hiring rates in the US economy.
Geopolitical Factors
- US–Russia: In Moscow, US Special Representative Steve Whitcoff is conducting negotiations with President Putin. This meeting, set against the backdrop of the situation in Ukraine and potential energy agreements, may induce volatility in currency and commodity markets.
- NATO: meeting of the alliance's foreign ministers. A key focus will be the discussion of the peace plan for Ukraine previously proposed by Donald Trump. The involvement of prominent European leaders, including Dutch Prime Minister Mark Rutte, could influence expectations regarding the geopolitical landscape.
- China–Russia: Chinese Foreign Minister Wang Yi is concluding his visit to Moscow (December 1–2). Bilateral talks on security and trade matters may strengthen trade ties between the two countries.
- Russia: the 16th VTB Investment Forum "Russia Calls!" has commenced in Sochi (Day 1). The forum will address major investment projects and initiatives to improve the business climate in Russia, which is vital for understanding prospects in the Russian capital market.
Commodity Markets
- Oil: Oil prices may react sensitively to news regarding inventories and geopolitics. The API data (00:30) will indicate demand/supply balances ahead of the weekly EIA report. Negative geopolitical signals (regarding Ukraine, sanctions) could drive prices higher for Brent and WTI crude.
- Metals and Commodities: no significant reports 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 uncertainty and expectations of easing Fed rates.
Day's Summary: What to Watch for Investors
- The results from CrowdStrike and Marvell will set the mood for the technology sector. Strong revenue growth figures and expected ARR may support Nasdaq and S&P 500, while weak reports could lead to sell-offs in IT stocks.
- The reports from retailers (American Eagle, Signet) will reveal trends in consumer spending ahead of the holiday season. Robust sales will boost optimism in the US market; conversely, weaker results could dampen confidence in consumer demand resilience.
- Inflation data from the Eurozone and the JOLTS vacancy report will provide insights into the prospects for monetary rates. A slowdown in inflation or a weakness in the labour market could support bonds and the EUR currency, potentially weakening the dollar and improving global risk sentiment.
- Geopolitics continues to be a source of uncertainty. The Whitcoff-Putin meeting and discussions within NATO regarding the US plan may increase demand for ‘safe’ assets and oil. Russians should monitor energy pricing dynamics and the ruble's exchange rate for potential fluctuations.
- Investors from the CIS should stay attuned to the behaviour of global indices. On Wednesday, focus will be on the S&P 500, Euro Stoxx 50, Nikkei 225, and Moscow Exchange – their reactions to the mix of corporate reports and macroeconomic news will clarify the trend for the following day.
