Key Economic Events and Corporate Reports for Thursday, December 11, 2025: Central Bank Decisions, IEA and OPEC Reports, US Labor Market Data, and Global Company Earnings. A Comprehensive Overview for Investors.
On Thursday, global markets will be focused on decisions from two central banks and significant reports on commodity markets. In the morning, the Swiss National Bank will announce its interest rate decision, while in the afternoon, the Central Bank of Turkey will make a crucial policy announcement. Investors are assessing the future direction of monetary policy in these countries amid changing inflation trends. The monthly oil market reviews produced by the International Energy Agency (IEA) and OPEC will provide additional insights essential for gauging expectations regarding the supply and demand balance in the energy sector. Additionally, several major companies from the S&P 500 index and other exchanges will release quarterly results – from technology giant Broadcom to retail behemoth Costco – which will allow for an evaluation of corporate sector sentiment ahead of the year-end.
Main Economic Events:
- 11:30 (Switzerland) – Swiss National Bank Interest Rate Decision: The Swiss regulator will determine a new interest rate (currently at around 0%), considering low inflation and the exchange rate of the franc. It is expected that the Swiss National Bank will maintain the current rate after a series of reductions this year, confirming its commitment to price stability. Investors will be watching for signals from the regulator regarding future monetary policy during a press conference at 12:00 Moscow time.
- 12:00 – Monthly Oil Market Report by the IEA: The International Energy Agency will release its fresh overview of the supply and demand balance in the oil market. The IEA report will include projections for global demand, production (particularly in non-OPEC countries), and assessments of commercial inventory levels. Oil market participants will scrutinize the IEA's estimates for 2026 to understand whether the risk of supply shortages remains or if a surplus is expected – findings that could influence oil prices.
- 12:50 (UK) – Speech by the Governor of the Bank of England: Governor Andrew Bailey will give a speech that may include assessments of the UK economy and comments on future monetary policy. The market will be searching for hints regarding the regulator's future actions, especially in the context of tackling inflation and the status of the UK labor market.
- 14:00 (Turkey) – Central Bank of Turkey Interest Rate Decision: The Turkish regulator will announce a new key interest rate. Following a period of extremely tight policy earlier in the year, the bank has shifted towards easing: inflation in the country has decreased to around 33% annually, allowing for a cautious rate reduction (current level – 39.5%). A further decrease of 100–150 basis points is anticipated, but investors will closely monitor the central bank's rhetoric regarding the sustainability of disinflation and future plans.
- 15:00 – Monthly Oil Market Report by OPEC: OPEC will present its own analysis of the oil market situation for the past month, including data on production from member nations and demand forecasts. The OPEC report often sets the tone for expectations regarding oil balance: if it indicates a continuing supply shortage or high demand, prices could receive support, whereas signs of oil surplus may apply downward pressure on prices. Comparing OPEC's assessments with those of the IEA will provide a more complete view of oil market prospects.
- 16:30 (USA) – Initial Jobless Claims: The US Department of Labor will publish weekly data on unemployment claims. The number is near multi-year lows, reflecting a resilient labor market, although there has been a slight increase in applications in recent weeks. Any significant change in this indicator could affect expectations regarding Federal Reserve policy: an increase in claims would weaken arguments for maintaining high rates for an extended period, while consistently low numbers would confirm economic strengthening.
- 18:30 (USA) – EIA Natural Gas Inventory Report: The weekly statistics from the US Energy Information Administration will show changes in gas inventories. These data are particularly crucial amid the winter season: a decrease in inventories relative to average levels will support gas prices, indicating high demand, while exceeding normal levels of stocks could weaken prices. Energy traders will take the EIA report into account when assessing the gas balance in the American market.
Corporate Earnings:
- Before North American Trading Opens: Leading companies in their sectors will report. Canadian discount retailer Dollarama will present its Q3 results (fiscal year 2026) reflecting consumer demand for everyday goods amid inflation. Also, before the session begins, US-based Ciena Corporation will release its Q4 results: metrics from this telecommunications equipment supplier will serve as a barometer for investment activity among telecom operators and 5G network development.
- Europe: Several large companies will report, providing a picture of various sectors in the region's economy. The Polish fashion house LPP will disclose its Q3 results, reflecting consumer demand trends in Eastern Europe and the effectiveness of brand expansion. The German medical technology company Carl Zeiss Meditec will report for Q4; the dynamics of its revenue and profit will show the state of demand for high-tech medical equipment worldwide. Additionally, airport operator Fraport will present November data on passenger traffic – this metric serves as an indicator of the recovery of international travel and tourism.
- After Market Close in the USA: Eyes will be on the technology and consumer sectors. Semiconductor giant Broadcom will announce its results for Q4 and the entire 2025 financial year: analysts will be interested in demand for chips for data centers and AI, which is crucial for overall sentiment in the tech sector. Meanwhile, retail chain Costco Wholesale will report sales and profit for Q1 of the 2026 fiscal year – its performance will signal the strength of consumer spending in the USA and the effectiveness of its subscription-based business model. Additionally, premium athletic apparel manufacturer Lululemon Athletica will present its Q3 2025 results: sales trends for this brand will indicate whether high demand for fitness and yoga apparel persists despite competition. Furthermore, the luxury furniture company RH (Restoration Hardware) will also report its quarterly results, providing a marker for demand for high-end home goods.
- Russia: The airline Aeroflot will publish operational results for November. Investors will evaluate the dynamics of passenger traffic and flight load for the flagship carrier: stable growth in the number of transported passengers confirms the recovery of the aviation market, while weak statistics could heighten concerns regarding the demand for air travel in winter.
Commentary:
Thursday promises to be a day that could significantly adjust sentiment in financial markets. The decisions from the Swiss and Turkish central banks will set the tone in the currency market: unexpected moves or statements from regulators will impact the franc and lira exchange rates, as well as yields in emerging markets. Simultaneously, commodity market participants will closely dissect the IEA and OPEC reports: alignment of these organizations' assessments will strengthen investor confidence, while discrepancies in their outlooks may increase oil price volatility. On the corporate front, key reports from the US (including Broadcom, Costco, etc.) will serve as a test for sentiments in the technology and consumer sectors, potentially affecting the dynamics of Wall Street indices. Investors should pay particular attention to signals from the Swiss National Bank's press conference – they could influence the entire European financial landscape – as well as the tone of the monthly oil market reviews that shape expectations regarding commodity assets. The combined statistics and corporate news from this day will help assess how confidently global markets are entering the year's end amid easing inflationary pressure and the first steps by central banks toward policy loosening.
