Key Economic Events and Corporate Reports for Tuesday, December 2, 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 firms, with macroeconomic statistics taking a back seat. Investors will be particularly focused on the releases from CrowdStrike and Marvell, as their results will set the tone for the cybersecurity and semiconductor sectors in the US. The success or failure of American retailers such as American Eagle and Signet will reflect consumer sentiment and impact the S&P 500. External political events are also significant: US special representative Steve Whitcoff is scheduled to meet with Vladimir Putin in Moscow, while NATO ministers are discussing a peace plan for Ukraine. The geopolitical backdrop may heighten volatility in the oil market and the defense sector. In light of sparse data, the focus shifts to corporate forecasts and international news.
Corporate Reports from the US and Canada
- CrowdStrike (CRWD, USA) – A major player in the cybersecurity sector. After market close, the Q3 report will be released, with investors keenly interested in revenue growth from cloud services and annual recurring revenue (ARR).
- Marvell Technology (MRVL, USA) – A semiconductor manufacturer. Financial results will be published, with key metrics focusing on the sales trends of specialized chips for data centers (notably in the artificial intelligence segment) and 5G networks.
- Okta (OKTA, USA) – A provider of identity and access management solutions in the cloud. The after-hours report will reveal the number of new corporate clients and subscription revenue, reflecting the state of IT budgets within organizations.
- American Eagle Outfitters (AEO, USA) – An American youth clothing retailer. Its report will serve as an indicator of consumer goods demand ahead of the holiday season. Forecasts regarding margins and sales volumes during this critical period are particularly significant.
- Signet Jewelers (SIG, USA) – The world's largest retailer of jewelry (brands include Kay, Zales, etc.). A strong sales growth in fashionable jewelry and lab-grown diamonds is forecasted for the second quarter. Investors will evaluate the revival of demand in the engagement and wedding segment, along with margin prospects.
- Bank of Nova Scotia (BNS, Canada) – One of Canada’s leading banks. The income report for Q4 2025 will shed light on how the bank is managing inflationary pressures and rising interest rates. Monitoring the credit portfolio and reserves will be crucial for assessing the Canadian financial sector.
Company Reports from Europe and Asia
- Fast Retailing (TYO:9983, Japan) – The parent company of Uniqlo. This company will announce sales figures for November. The data for the month will provide insights into consumer demand in Asia and Europe, as Uniqlo is actively expanding in these markets.
- Other Global Markets – On December 2, there are no noteworthy “blue-chip” earnings reports in Europe. Investors will instead focus on macroeconomic news, with European and Asian indices (Euro Stoxx 50, Nikkei 225) likely reacting to inflation data and the geopolitical landscape rather than company releases.
Macroeconomic Calendar (MSK Time)
- 00:30 – USA: API report on crude oil inventories. Preliminary data on oil, gasoline, and distillate stocks will set the tone in the oil market ahead of the official report from the US Department of Energy.
- 04:00 – USA: Speech by Federal Reserve Chair Jerome Powell. Comments from the Fed Chair may provide clues regarding the regulator's future actions.
- 13:00 – Eurozone: Preliminary Consumer Price Index (CPI) for November. The year-on-year change in Eurozone inflation is critical for forecasting the ECB's monetary policy stance.
- 18:00 – USA: JOLTS report (Job Openings and Labor Turnover Survey, September). This metric illustrates trends in the labor market and signals the pace of hiring within the American economy.
Geopolitical Factors
- US-Russia: In Moscow, US special representative Steve Whitcoff is negotiating with President Putin. This meeting, amidst the situation in Ukraine and potential energy contracts, may induce volatility in the currency and commodity markets.
- NATO: A meeting of the alliance's foreign ministers. Special focus will be on discussions regarding the peace plan for Ukraine, previously suggested by Donald Trump. The involvement of key European leaders (including Dutch Prime Minister Mark Rutte) may influence expectations regarding the geopolitical environment.
- China-Russia: Chinese Foreign Minister Wang Yi is concluding his visit to Moscow (December 1-2). Bilateral negotiations on security and trade could strengthen trade ties between the two nations.
- Russia: The 16th VTB Investment Forum "Russia Calls!" has kicked off in Sochi (Day 1). The forum discusses major investment projects and measures to enhance the business climate in Russia, which is important for understanding the prospects of the Russian capital market.
Commodity Markets
- Oil: Oil prices may be sensitive to news regarding inventories and geopolitical developments. API data (00:30) will indicate the supply/demand balance ahead of the weekly EIA report. Negative geopolitical signals (Ukraine, sanctions) could push prices for Brent and WTI higher.
- Metals and Commodities: No significant reports are available. Copper and industrial metals remain under pressure due to weak demand in China. Gold and silver continue to attract demand as a "safe haven" amid geopolitical uncertainty and expectations of Fed rate cuts.
Key Takeaways for Investors
- The results from CrowdStrike and Marvell will set the mood in the technology sector. Strong growth figures for revenue and expected ARR could support the Nasdaq and S&P 500, whereas weak reports may lead to sell-offs in tech stocks.
- The earnings reports from retailers (American Eagle, Signet) will reflect consumer spending trends ahead of the holidays. High sales figures could bolster optimism in the US market; otherwise, confidence in the resilience of consumer demand may wane.
- Eurozone inflation data and JOLTS job vacancies will provide insights into the outlook for monetary rates. A slowdown in inflation or weakness in the labor market would support bonds and the euro, potentially weakening the dollar and improving global risk sentiment.
- Geopolitical developments remain a source of uncertainty. The meeting between Whitcoff and Putin, along with discussions in NATO regarding the US plan, could increase demand for safe-haven assets and oil. Russian investors should keenly monitor energy prices and the ruble’s exchange rate given potential fluctuations.
- For investors from the CIS region, it is essential to track the behavior of global indices. On Wednesday, attention should focus on the S&P 500, Euro Stoxx 50, Nikkei 225, and Moscow Exchange – their reactions to the combination of corporate reports and macroeconomic news will indicate trends for the following day.
