Detailed Review of Economic Events and Corporate Reports for Monday, 8 December 2025. Key Macroeconomic Data, Company Reports from the US, Europe, Asia, and Russia, and Important Guidelines for Investors.
Macroeconomic Background
The global economic events on Monday are more secondary, but they may provide indications for the markets:
- Japan – GDP (Q3, revision): Updated data on Japan's economic growth for the third quarter of 2025 will be released in the morning. The preliminary estimate showed a contraction of 0.4% quarter-on-quarter, and analysts do not rule out a revision to around -0.5%. The weakness in Japanese GDP reflects declining export demand and cautious consumer sentiment. This data could affect sentiment on the Tokyo Stock Exchange, as the Nikkei 225 index is sensitive to signals about the state of the economy and the Bank of Japan's policies.
- Eurozone – Sentix investor confidence index (December): During the European session, the latest Sentix sentiment index for December will be released. The previous reading in November was around **-7.4 points**, reflecting persistent pessimism in the region. It is expected that the value will remain in negative territory, indicating investors' caution regarding the Eurozone's economic outlook. Although the impact of Sentix on the market is limited, an improvement in the index could support European stocks, including the Euro Stoxx 50.
- USA – manufacturing orders (October): The American economic calendar is sparse, with a factory orders report for October scheduled for release at 18:00 Moscow time. In the previous month, the measure increased by 1.4% month-on-month, and a more modest dynamic is now anticipated due to high Fed rates. This data will provide insights into the health of the US manufacturing sector; a slowdown in order growth may signal an economic cooling. However, the impact of this statistics on the S&P 500 index is likely to be muted, given more important events awaiting later in the week.
- USA – Treasury bond auctions: During the day, the US Treasury will conduct auctions for short-term securities – 3-month and 6-month bills (at 19:30 Moscow time), as well as a 3-year Treasury note auction (at 21:00 Moscow time). Investors will closely watch the demand for US government debt: high bid-to-cover ratios and low yields at the auctions will indicate sustained interest in safe assets. The results of these auctions could influence bond yields and indirectly affect sentiment toward risk assets.
Overall, the macroeconomic background for Monday is neutral. The markets are trading without sharp movements, with participants adopting a wait-and-see position ahead of more significant events later in the week. The absence of major statistical surprises early in the day will allow investors to focus on upcoming central bank meetings and other market drivers.
Corporate Reports from the US
On the US market, around two dozen public companies will publish financial reports on 8 December; however, most of them are of medium and small capitalisation. There are hardly any major issuers from the S&P 500 index on this day, so the influence of the reports on the broader market will be limited. Nevertheless, investors are paying attention to the following companies:
- Toll Brothers (NYSE: TOL): One of the largest housing developers in the US will present results for the 4th quarter of the 2025 fiscal year. Analysts forecast a high quarterly profit (expected to be around $4.9 per share) with revenue exceeding $3.3 billion, approximately 5-6% higher than last year. Despite rising mortgage rates in 2025, Toll Brothers has managed to capitalise on the sustained demand for luxury housing and raise home prices, thus supporting margins. Investors will be looking for signals in the report regarding the health of the US real estate market and management's comments on sales prospects amid expensive credit.
- Phreesia, Inc. (NYSE: PHR): The American company providing IT solutions for healthcare will report results for the 3rd quarter of the 2026 fiscal year. Although Phreesia is not considered a blue-chip stock, its results are interesting as an indicator of trends in the digital health sector. Investors will assess the company's revenue dynamics and its paths to profitability, given the general slowdown in healthcare technology investments.
- Ooma, Inc. (NYSE: OOMA): The provider of cloud telecom services for businesses and home users will release its report for the 3rd quarter of the 2026 fiscal year. Ooma is expected to show steady growth in its subscriber base and revenue in double digits year-on-year, driven by demand for internet telephony services. Ooma's results are interesting in the context of the communications sector: they will indicate whether small tech companies are maintaining growth amid competition from larger corporations.
Overall, the impact of corporate reports on Monday in the US will be isolated. If Toll Brothers’ report exceeds expectations, it could temporarily support shares of developers and related real estate companies. Conversely, weak results from individual medium-sized companies (such as Phreesia or Ooma) are unlikely to trigger a broad market reaction. Investors are more likely to assess the overall tone of the ongoing reporting period outside the main season to understand whether the positive trend in companies' profits is maintained towards the end of the year.
Corporate Reports in Europe
In Europe, there are no large company financial reports scheduled for publication on this Monday from the Euro Stoxx 50 or FTSE 100 indices. The majority of European issuers reported their results for the third quarter back in October-November, and now a lull has set in before the annual reporting season. Thus, on 8 December, investors in the region can expect a relatively calm session without significant corporate drivers.
The absence of reports allows the market to focus on external factors and macroeconomic news. European exchanges will mostly react to overall risk appetite and morning data (e.g., the Sentix index). Furthermore, market participants will begin to price in expectations ahead of key events in the coming days – particularly the European Central Bank meeting scheduled for Thursday. Any hints at a change in ECB policy (such as comments on interest rates or bond purchases) could overshadow minor news, meaning that a calm Monday may provide European investors with the opportunity to prepare for the volatility towards the end of the week.
Events in Asia
The Asia-Pacific markets on 8 December are also lacking corporate publications. Major companies in the region have completed reporting for the previous quarter, and the new reporting cycle in Asia typically occurs at the beginning of the following year. Therefore, on this day, investors in Asia are primarily focusing on macroeconomic news and external indicators.
By the opening of trading on Monday, many Asian indices are showing restrained dynamics. The Japanese Nikkei 225 and the Chinese Shanghai Composite are trading without sharp changes, digesting the morning statistics. Some support for sentiment is coming from reports that the Chinese economy is showing signs of stabilisation (for instance, markets are anticipating the release of data on lending and inflation in China later in the week). At the same time, the weak Japanese GDP is dampening risk appetite in Tokyo.
Although there are no reports from major Asian corporations today, interesting events are expected in the second half of the week in the region. On Wednesday, Taiwanese company TSMC will present its sales data for November, alongside the revenue report from chipmaker MediaTek. These indicators will provide important signals regarding demand in the global tech sector and the state of the semiconductor industry at year-end. Investors focused on Asian markets will consider this information when formulating strategies, while for now, they are observing external factors and currency dynamics (especially the yen's rate following the GDP data release).
Russian Market: News and Reports
For the Russian market, Monday is marked primarily by regulatory news and second-tier corporate events:
- Central Bank of Russia Lifts Currency Restrictions: As of 8 December, the Central Bank of Russia's decision to lift remaining restrictions on foreign currency transfers abroad for individuals comes into effect. Previously, such limits were introduced to maintain financial stability; however, the sharp strengthening of the rouble in November allowed the regulator to ease controls. Now, Russians and residents of friendly nations will be able to transfer currencies abroad freely. For the market, this is a positive signal: the lifting of restrictions increases confidence in monetary policy and indicates the stabilization of the situation on the currency market. Participants will observe how the Central Bank's decision will affect currency demand and the rouble's exchange rate; current forecasts suggest that immediate pressure on the rouble will not arise due to sufficient liquidity conditions.
- Acron – Last Day with Dividends: On Monday, shares of one of Russia's leading chemical enterprises are trading ex-dividend. The register of shareholders Acron for receiving interim dividends for the first nine months of 2025 closes on 9 December, making 8 December the last chance to purchase shares to be eligible for the dividend. The payment amount is 189 roubles per share, which corresponds to a yield of about 1.2% at the current price. Anticipation of generous dividends had previously supported Acron's stock prices, and after the ex-dividend date, a slight technical decline in share prices may occur to the extent of the dividend payment. However, fundamentally, the company is in a strong position due to high fertiliser prices, so many investors hold their positions even after the dividend period ends.
- Renaissance Insurance – Shareholder Meeting: Renaissance Insurance Holding is holding an extraordinary general meeting of shareholders, at which a decision will be made regarding dividend payments for the first nine months of 2025. The company may allocate part of its profits for shareholder rewards, marking the first such decision for the current year. While Renaissance's shares are not part of the Moscow Exchange index, and their liquidity is moderate, the prospect of a dividend payment reflects the trend of Russian companies returning to regular dividend practices. While this news may not drive the wider market, it signals the improving financial situation of select companies within the insurance sector.
No earnings reports from major Russian issuers are scheduled for 8 December – the quarterly reporting season on the Moscow Exchange is currently paused. Consequently, the domestic market is mainly reacting to general conditions and news from regulators. Oil prices and the rouble's exchange rate remain key indicators for Russian investors at this stage; however, no significant upheavals in these figures are anticipated on Monday without new external triggers.
Conclusion: Key Focus Areas for Investors
The calm Monday of 8 December serves as a prologue to a week filled with events. Investors should use this day to assess their positions and prepare for upcoming market movements. On Tuesday morning, the Reserve Bank of Australia's meeting will take place, which will set the tone for Asian markets. On Wednesday, the world’s attention will be on the US Federal Reserve – markets are pricing in the first rate cut in a long time, which could significantly affect global financial conditions. Additionally, in the following days, meetings of the central banks of Canada, Switzerland, and the Eurozone will occur, potentially triggering spikes in volatility across their respective markets.
In addition to macroeconomic factors, corporate news remains in focus: in the latter half of the week, several major companies, such as Oracle, Broadcom, and lululemon athletica, will present reports. Their results are particularly significant for the technology and consumer sectors and may set the direction for the corresponding stock movements. Investors from the CIS should closely monitor these events, even if Monday appears calm. The moderate market activity at the beginning of the week presents an opportunity to analyse the accumulated information and prepare for potential fluctuations. During such periods, it is crucial to maintain caution and flexibility to respond swiftly to any surprises that the remainder of the week may bring.
