Analytical Review of Economic Events and Corporate Reports for Saturday, December 6, 2025: US Inflation Slowdown, Rate Cut in India, and Outcomes of Diplomatic Negotiations
The first Saturday of December 2025 brings a relative calm to global markets for investors following a week rich in events. Stock exchanges worldwide are closed for the weekend, allowing market participants to assess the effects of recent macroeconomic data and corporate news. Key themes of the day include fresh signals of an inflation slowdown and changes in monetary policy (key metrics from the US and an unexpected decision from India), along with the outcomes of important high-level diplomatic contacts. In these circumstances, investors from Russia and the CIS focus on external factors and global indicators, particularly as there are virtually no new corporate earnings reports published on this Saturday.
For global stock markets—from Wall Street to European exchanges and Asian platforms (including the S&P 500, DAX, FTSE 100, and Nikkei 225), as well as the Russian MOEX index—the past week has been favorable. American indices continued their rally on hopes for a forthcoming easing of the Fed's monetary policy, following a series of moderate inflation data. In Europe, an unexpected improvement in the Eurozone GDP estimate for the third quarter boosted sentiment on German and British markets. In Asia, major markets traded without sharp movements, focusing on external signals in the absence of local drivers. The Russian MOEX index initially experienced pressure due to a significant strengthening of the ruble and rising domestic inflation; however, by the end of the week, it regained losses, surpassing the 2700-point level amidst news of potential de-escalation in the geopolitical environment.
Macroeconomics and Interest Rates: Inflation Slowdown and Policy Easing
Investor focus remains on the latest inflation data and central bank decisions. In the US, the PCE (Personal Consumption Expenditures) index for October, a key inflation measure for the Fed, was released, confirming a slowdown in price growth: the core PCE index approached an annual rate of about 2.8–2.9%, marking the lowest level in recent years. The inflation slowdown in the US bolsters expectations that the Federal Reserve will soon move to cut interest rates. Futures already reflect a high probability of the first rate cut at the Fed's upcoming meeting in December.
In the Eurozone, the final GDP assessment for the third quarter came in slightly higher than expected (+0.3% QoQ and +1.4% YoY), alleviating some recession fears. However, inflation in the region still exceeds the ECB's target level; consequently, the market anticipates that the regulator will pause rate hikes, awaiting further data.
An unexpected development of the week was the Reserve Bank of India's decision to cut the key interest rate. At its meeting on December 5, the RBI lowered the repo rate by 25 basis points to 5.25% per annum. This marks the first easing of monetary policy in India for a considerable time, made possible by a slowdown in inflation within the country. Concurrently, the Indian regulator upgraded its economic growth forecast and lowered its inflation forecast for the 2026 financial year to around 2%. The RBI's decision reflects a broader global trend: as price pressures ease, central banks in developing countries are beginning to shift towards rate cuts to support their economies.
Geopolitics: Peace Negotiations and Strengthening Partnerships
The geopolitical agenda continues to exert a significant influence on investor sentiment. The past week saw crucial diplomatic meetings. Russian President Vladimir Putin concluded a state visit to India (December 4–5), resulting in Moscow and New Delhi affirming their commitment to deepening trade and economic cooperation. The leaders of the two countries agreed to expand transactions in national currencies and develop joint projects in energy, infrastructure, and defense. The outcomes of this visit indicate a strengthening of strategic partnership between two major emerging economies, which may open new business opportunities for enterprises from both countries in the long run.
Concurrently, steps were taken to reduce international tensions. Earlier in the week, hours-long negotiations took place in Moscow between US Special Representative Steve Whitcoff and Vladimir Putin (with participation from Jared Kushner). The discussion focused on finding pathways to resolve the conflict in Ukraine. While no specific breakthroughs were announced, the fact of direct dialogue between high-ranking US and Russian representatives instills cautious optimism in the markets. Any signs of potential progress in peace negotiations are perceived positively by investors.
This week also saw attention drawn to French President Emmanuel Macron's visit to China. Discussions in Beijing on December 4–5 were aimed at expanding business ties (including the aerospace sector, energy, and other areas). Investors view the strengthening of EU-China dialogue favorably, although strategic disagreements between the leading powers persist.
Corporate Reports from the US
The American corporate calendar over the weekend is virtually empty: no new financial reports are scheduled for Saturday, December 6. This is expected, as large public companies within the S&P 500 tend to publish quarterly results primarily on weekdays. The main reporting season for the third quarter in the US has already concluded, which means there are no regular earnings releases from leading companies on this Saturday.
Corporate Reports from Europe
European stock markets also anticipate no new corporate publications on Saturday. Most leading issuers in the region (including companies within the Euro Stoxx 50, DAX, and FTSE 100 indices) have already released results earlier, with financial reporting taking place mainly on weekdays. As a result, the corporate news background in Europe will be neutral on December 6.
Corporate Reports from Asia
The Asia-Pacific region is similarly lacking in corporate events on Saturday. In the largest Asian economies, the quarterly reporting season for July-September is nearly completed, and no new financial results are expected to be published on December 6. Regional market participants are shifting their focus back to external factors—currency exchange rates, commodity prices, and geopolitical news—due to the absence of local drivers.
Corporate Reports from Russia
On the Russian stock market, no new reports from major public companies are expected on Saturday. The main wave of publications for the first nine months of 2025 concluded back in November, and companies traditionally do not disclose reports on weekends. Therefore, on December 6, there are no anticipated corporate surprises on the MOEX, and investors are primarily orienting themselves to external signals (the oil market situation, ruble exchange rate, global news).
What Investors Should Pay Attention To
- Monetary Policy of Major Central Banks: Markets are closely monitoring signals from the US Fed and ECB in light of new inflation data. The slowdown in price growth enhances expectations for an imminent rate cut; thus, any comments from regulators could significantly impact global sentiment.
- Consumer Demand and Retail Sales: Attention is drawn to the outcomes of the holiday shopping season. Early estimates from "Black Friday" and "Cyber Monday" showed record online sales (5–7% higher than last year). If the trend of high consumer demand continues into December, this will support the stocks of retail and e-commerce technology companies. Conversely, weak consumer activity could cause investors to be cautious in assessing corporate profit prospects.
- Geopolitical Events: Investors continue to watch ongoing negotiations regarding Ukraine and international visits by leaders. Any advancements towards resolving conflicts or new agreements between powers could reduce geopolitical premiums in the markets, while an escalation of rhetoric would have the opposite effect.
- Inflation and Policy in Russia: In the coming days, data on November inflation in Russia is expected to be published; an acceleration in price growth (0.5% week-on-week for November 26 – December 2) raises the likelihood of another rate hike from the Bank of Russia on December 20. Expectations concerning the key rate and the rhetoric of the Central Bank will impact the bond market, banking sector, and ruble exchange rate.
