Detailed Review of Economic Events and Corporate Reports for Monday, 8th December 2025. Key Macroeconomic Data, Company Reports from the US, Europe, Asia, and Russia, Important Benchmarks for Investors.
Macroeconomic Background
The global economic events on Monday are primarily of a secondary nature but may provide benchmarks for the markets:
- Japan – GDP (Q3, revised): The updated figures for Japan's economic growth for the third quarter of 2025 will be released early in the day. The preliminary estimate indicated a 0.4% QoQ decline, and analysts do not rule out a revision down to around -0.5%. The weakness in Japanese GDP reflects dwindling export demand and consumer caution. These figures may influence sentiment on the Tokyo Stock Exchange: the Nikkei 225 index is sensitive to signals regarding the economic condition and the Bank of Japan's policy.
- Eurozone – Sentix Investor Confidence Index (December): The fresh Sentix sentiment index for December will be published during the European session. The previous November figure stood at approximately **-7.4 points**, reflecting ongoing pessimism in the region. It is expected that the value will remain in negative territory, indicating cautious investor sentiment regarding the Eurozone's economic outlook. While the impact of Sentix on the market is limited, an improvement in the index could provide support for European equities, including the Euro Stoxx 50.
- USA – Manufacturing Orders (October): The American economic calendar is light on events – the manufacturing orders report for October will be released at 6:00 PM MSK. Last month, the figure increased by 1.4% MoM, and a more modest performance is now anticipated in the context of high Federal Reserve rates. These data will provide insights into the state of the US industrial sector: a slowdown in order growth could signal an economic cooling. However, the statistics' impact on the S&P 500 index will be restrained, considering the more significant events of the week ahead.
- USA – Treasury Auctions: During the day, the US Treasury will conduct auctions of short-term instruments – 3-month and 6-month bills (at 7:30 PM MSK), as well as a 3-year Treasury note auction (at 9:00 PM MSK). Investors will monitor the demand for US government debt: a high bid-to-cover ratio and low yields at the auctions will indicate sustained interest in safe assets. The auction results may influence bond yields and, indirectly, sentiments regarding risk assets.
Overall, the macroeconomic backdrop for Monday is neutral. The markets are trading without sharp movements, as participants have adopted a wait-and-see position ahead of more significant events in the week. The absence of major statistical surprises early in the day allows investors to focus on upcoming central bank meetings and other market drivers.
Corporate Reports in the US
On 8th December, approximately two dozen public companies are set to publish their financial reports in the US market; however, most of them belong to the mid-cap and small-cap categories. There are virtually no large issuers from the S&P 500 index on this day, so the reports' impact on the broad market will be limited. Nevertheless, investors are paying attention to the following companies:
- Toll Brothers (NYSE: TOL): One of the largest homebuilders in the US will present its results for Q4 of the 2025 financial year. Analysts forecast high quarterly earnings (expected around $4.90 per share) with revenue exceeding $3.3 billion, approximately 5–6% above last year's level. Despite rising mortgage rates in 2025, Toll Brothers has capitalised on sustained demand for luxury homes and has increased home prices, maintaining its margins. Investors will look for signals in the report regarding the state of the US real estate market and management's comments on sales prospects in light of expensive credit.
- Phreesia, Inc. (NYSE: PHR): The American company providing IT solutions for healthcare will report for Q3 of the 2026 financial year. Although Phreesia is not considered a blue chip, its results are of interest as an indicator of trends in the digital health sector. Investors will evaluate the company’s revenue growth and its pathway to profitability, given the overall slowdown in investments in healthcare technology.
- Ooma, Inc. (NYSE: OOMA): The provider of cloud telecom services for businesses and home users will publish its report for Q3 of the 2026 financial year. Stable growth in the subscriber base and revenue in double-digit percentages year-on-year is expected from Ooma, thanks to demand for internet telephony services. The results from Ooma are relevant in the context of the communications sector: they will indicate whether the growth of small tech companies is being sustained amidst competition with large corporations.
Overall, the influence of corporate reports on Monday in the US will be specific. If Toll Brothers' report exceeds expectations, it could provide short-term support to the shares of developers and related companies. Conversely, weak results from individual mid-sized firms (like Phreesia or Ooma) are unlikely to elicit a broad market reaction. Investors are more likely assessing the overall tone of this report period outside the main earnings season to determine whether the positive profit trends for companies are being maintained as the year comes to a close.
Corporate Reports in Europe
In Europe, no financial reporting by major companies from the Euro Stoxx 50 or FTSE 100 indices is scheduled for this Monday. The majority of European issuers reported for the third quarter back in October-November, and a lull now precedes the annual results season. As such, on 8th December, investors in the region face a relatively quiet session devoid of significant corporate drivers.
The absence of reports allows the market to focus on external factors and macroeconomic news. European exchanges will react primarily to the overall risk appetite and morning data (such as the Sentix index). Additionally, market participants will begin to factor in expectations ahead of key events in the coming days – particularly the European Central Bank meeting scheduled for Thursday. Any hints about changes in ECB policy (such as comments regarding interest rates or bond purchases) could overshadow minor news, meaning that a calm Monday could provide European investors with an opportunity to prepare for volatility later in the week.
Events in Asia
The Asia-Pacific markets on 8th December are likewise not filled with corporate publications. Major companies in the region have completed their reporting for the previous quarter; the new earnings cycle in Asia typically occurs at the start of the following year. Therefore, on this day, investors in Asia are primarily focusing on macroeconomic news and external benchmarks.
At the market open on Monday, many Asian indices are exhibiting moderate 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 indicating that China's economy is showing signs of stabilisation (for example, markets expect the publication of credit and inflation data from China later in the week). However, the weak Japanese GDP is restraining risk appetite in Tokyo.
While there are no reports from major Asian corporations today, interesting events are expected in the region later in the week. For instance, Taiwanese company TSMC will present its sales data for November, alongside revenue reports from chipmaker MediaTek. These figures will provide important signals regarding demand in the global technology sector and the state of the semiconductor industry as the year wraps up. Investors focused on Asian markets will consider this information while formulating strategies, but for the moment, are monitoring external factors and currency dynamics (notably the yen's exchange 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:
- The Central Bank of Russia Lifts Currency Restrictions: As of 8th December, the Central Bank of Russia's decision to remove the remaining restrictions on foreign currency transfers abroad for individuals comes into effect. Previously, such limits were imposed 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 countries will be able to freely transfer currency abroad. This is a positive signal for the market: the lifting of restrictions enhances trust in monetary policy and indicates the stabilisation of the situation in the currency market. Participants will watch how the Central Bank's decision will impact the demand for currency and the rouble's exchange rate; so far, forecasts align with the view that immediate pressure on the rouble is unlikely due to sufficient liquidity.
- Acron – Last Day for Dividends: On Monday, shares of one of Russia's leading chemical enterprises will be traded ex-dividend for the last time. The register of shareholders for Acron to receive interim dividends for the first nine months of 2025 will close on 9th December, making 8th December the last chance to acquire shares entitled to the dividend. The payout is set at 189 roubles per share, corresponding to a yield of approx. 1.2% based on the current price. Anticipation of a generous dividend had previously supported Acron's stock prices, and after the ex-dividend date, a slight technical dip in share prices is expected equivalent to the payout amount. However, the company remains fundamentally healthy due to high fertiliser prices, prompting many investors to hold their positions even after the dividend period concludes.
- Renaissance Insurance – Shareholders’ Meeting: Renaissance Insurance Holding is holding an extraordinary shareholders’ meeting, where a decision regarding dividend payments for the first nine months of 2025 will be made. The company may allocate part of its profits for shareholder rewards, marking the first such decision of the current year. Although Renaissance's shares are not part of the Moscow Exchange index and their liquidity is moderate, the potential dividend payment reflects a trend of returning Russian companies to the practice of regular dividends. For the broader market, this news will not become a major driver but signals an improvement in the financial condition of select representatives of the insurance sector.
No earnings reports from major Russian issuers are scheduled for 8th December – the quarterly reporting season on the Moscow Exchange is currently paused. Thus, the domestic market primarily reacts to the overall climate and news from regulators. Oil prices and the rouble's exchange rate remain key benchmarks for Russian investors at this stage, though significant upheavals in these indicators on Monday are not expected without new external triggers.
Conclusion: What Investors Should Pay Attention To
The calm Monday of 8th December serves as a prologue to a week filled with events. Investors should utilise this day to assess positions and prepare for forthcoming market movements. Early on Tuesday, the Reserve Bank of Australia's meeting will set the tone for Asian markets. On Wednesday, all eyes will be on the US Federal Reserve – markets are pricing in the first interest rate cut in a long time, which could significantly affect global financial conditions. Additionally, in the following days, meetings of central banks in Canada, Switzerland, and the Eurozone are poised to trigger spikes in volatility on their respective markets.
Outside of macroeconomics, corporate news remains in focus: in the second half of the week, several large companies including Oracle, Broadcom, and lululemon athletica will report. Their results are particularly important for the technology and consumer sectors and may set the directional movement for relevant equities. For CIS investors, closely monitoring these developments makes sense, even if Monday turns out to be quiet. The moderate market activity at the week's outset provides an opportunity to analyse accumulated information and prepare for potential fluctuations. During this period, it is crucial to remain cautious and adaptable to respond swiftly to any surprises that may arise throughout the rest of the week.
