Key Economic Events and Corporate Reports on Tuesday, February 10, 2026: ADP Data and US Retail Sales, Oil Market Forecasts, Earnings Reports from Major Companies in the US, Europe, and Asia. An Analytical Overview for Investors.
US: Quarterly Reports from Market Leaders
On Tuesday, quarterly earnings reports from US companies across various sectors will be released. Investors will pay particular attention to giants in the consumer and technology sectors. Coca-Cola (KO) will report results that will serve as a barometer for consumer demand in the global beverage market. Pharmaceutical giant Gilead Sciences (GILD) as well as several tech companies, including music streaming service Spotify (SPOT), cloud platform Cloudflare (NET), and data analysis software developer Datadog (DDOG), will also disclose their earnings. These reports are critical for assessing the health of the US market: investors will scrutinize how companies are coping with rising costs and changing demand. Additionally, Ford Motor (F), a key indicator of the automotive industry's health and electric vehicle demand, will report its financial results, alongside fintech company Upstart (UPST), online broker Robinhood (HOOD), and ride-sharing service Lyft (LYFT); their reports will provide insights into consumer and investor sentiment in their respective sectors. Other notable companies reporting include CVS Health, Fiserv, S&P Global, Oscar Health, Marriott International, Astera Labs, American International Group (AIG), Edwards Lifesciences, and Zillow Group, offering a wide sectoral perspective from healthcare and finance to technology and real estate. The simultaneous release of numerous corporate earnings could lead to increased volatility: strong results may support stock prices and the US market index, while weak reports could temper investors' risk appetite.
Europe: Earnings Reports from AstraZeneca, Ferrari, BP, and Others
In Europe, February 10 will also see a number of corporate announcements. British-Swedish pharmaceutical company AstraZeneca will report its financial results, providing a benchmark for the pharmaceutical sector in Europe. Italian sports car manufacturer Ferrari (RACE) will present its fourth-quarter results, with analysts forecasting around $2.40 earnings per share; the investment community will assess the resilience of luxury goods demand even amid global volatility. Also in focus is British oil and gas giant BP, which will publish its report against the backdrop of fluctuating oil prices. Earlier, experts noted that EIA forecasts indicated a supply surplus in the oil market could lead to price declines in 2026, prompting investors to closely examine how this has impacted BP's revenues. Additionally, several European banks and medium-sized industrial firms will report. Collectively, the corporate announcements from European companies will allow for an assessment of the state of the European economy and provide signals for the European equity market. If these companies outperform expectations, it will bolster European markets; conversely, any disappointments could heighten caution on EU exchanges.
Asian Markets: A Pause in Earnings Season
In Asia, no corporate announcements of comparable scale are expected on Tuesday; most major Asian corporations either reported earlier or will release results later in the week. For instance, Japanese automaker Toyota published strong quarterly results last week and raised its annual profit forecast by approximately 12% due to a weak yen and a cost-reduction program. Investors in Asia are currently digesting the released earnings and preparing for upcoming events, including results from SoftBank Group (expected on February 12) and Chinese tech giants such as Alibaba (report scheduled for the latter half of February). Thus, Asian markets will largely follow external trends on February 10. The absence of significant local earnings means that macro news from the US and Europe, along with global trends (e.g., oil dynamics), could have a pronounced effect on investor sentiment in Asia on this day.
Russian Market: Focus on External Signals
The Russian market has yet to enter the active phase of the corporate earnings season, with major companies' annual financial disclosures expected closer to late February and March. As of February 10, no quarterly report releases are scheduled from Russia's largest issuers. Therefore, the Russian market will significantly rely on external factors on this day, primarily global macroeconomic trends and the sentiment of world investors. Oil prices and other commodity prices will be key drivers for Russian stocks and the ruble's exchange rate. CIS investors traditionally monitor developments in the US, European, and Asian markets closely to assess risks and prospects for their own investments. Consequently, macro data from the US and the overall tone of corporate reports worldwide on February 10 may set the direction for domestic stock indices.
JD Vance’s Visit to Armenia and Azerbaijan
From February 9 to 11, geopolitics will take center stage with the visit of US Vice President JD Vance to the South Caucasus. Vance is visiting Yerevan (Armenia) and Baku (Azerbaijan), where high-level talks are planned. The discussions are expected to focus on initiatives to unblock transport corridors and energy infrastructure between Azerbaijan and Armenia (the so-called "Trump Route"), which include oil and gas pipelines, electrical transmission lines, and rail links. This event is significant for investors, as the stability in the Caucasus region impacts the uninterrupted supply of energy resources and raw materials. If Vance's visit leads to progress in agreements, markets may positively react to the easing geopolitical tensions. However, any escalation around the negotiations will be seen as a risk factor. Companies in the oil and gas sector and currencies of the developing countries in the region will be particularly sensitive to the outcomes of this visit. It is crucial for CIS investors to monitor Vance's statements and the reactions of Armenian and Azerbaijani leaders to evaluate potential long-term changes in the regional economy.
ADP Employment Report in the US (16:15 Moscow Time)
During the day, the ADP Employment Report for the private sector in the US will be released, one of the labor market indicators closely watched by market participants. The ADP data will be published at 16:15 Moscow time and serve as a leading signal ahead of the official employment statistics. Last month’s ADP report for January showed a gain of only 22,000 jobs, significantly below analysts' expectations. This confirmed the trend of hiring slowdown: in December, the increase stood at 37,000, while the consensus forecast for January was around +45,000. This time, investors will look for signs of recovery or further weakening in the labor market in the fresh figures. The macroeconomics of the US is currently in focus; a slowdown in hiring could amplify expectations for a more dovish Fed policy, thereby supporting the stock market. Conversely, unexpectedly strong job growth according to ADP could raise bond yields and reinforce discussions of a tighter monetary policy. Economists’ expectations are moderate: the consensus for the private sector is a gain of around 0–50,000 jobs, indicating a rather sluggish labor market. Russian-speaking investors in US stocks should be aware that any surprises in the ADP report could trigger swift market fluctuations and set the tone for global trading for the rest of the day.
US Retail Sales Data (16:30 Moscow Time)
Just minutes after the ADP release, at 16:30 Moscow time, the long-awaited US retail sales statistics for December will come out. This report was delayed due to a temporary government shutdown in January, thus being published now and attracting heightened attention. The December release will provide the final assessment of the holiday sales season and consumer activity at the end of 2025. Economists expect retail sales to have risen by approximately +0.4–0.5% month-on-month, following a +0.6% increase in November. Such a pace indicates a robust year-end: despite high interest rates and inflation, American consumers continued to spend, particularly during Cyber Monday and Christmas sales. A crucial aspect will be the 'core' indicator (sales excluding autos) and the so-called control group of sales, which impact GDP calculations – the forecast for these is also around +0.4–0.5%. Should actual data outperform expectations, it would affirm the strength of the US consumer sector and potentially support retail stock prices and indices. Conversely, weak figures (such as flat growth or a decline) could alarm markets, raising concerns over economic slowdown. For CIS investors, the US retail sector serves as an indicator of global demand: positive news could improve sentiment on European and Asian exchanges, while negative news would dampen risk appetite worldwide.
US Energy Department Oil Market Forecast (20:00 Moscow Time)
Later in the evening, the US Energy Information Administration (EIA) will release its monthly short-term oil and energy outlook at 20:00 Moscow time. This report will provide updated forecasts for the global balance of oil supply and demand, inventory levels, and prices for the coming months. In the previous release, the EIA indicated an oversupply situation in the market: it was estimated that global oil inventories could increase by an average of +2.2 million barrels per day in 2026, which would pressure prices. The new forecast will highlight how recent events – such as OPEC+ actions or the Chinese economy – have influenced production and consumption expectations. It is critical for investors to understand the scenario painted by the US Energy Department: if the forecast hints at a tighter market (lower inventories or increased demand), oil prices might receive an upward momentum. However, in the baseline scenario, EIA analysts still anticipate relatively low prices: according to their November estimates, the average price of Brent oil in 2026 was expected to be around $55 per barrel, which is lower than the 2025 average. Any change in this figure in the February forecast (upward or downward) will immediately reflect on oil quotes. For the Russian energy market, such forecasts are particularly significant, impacting expectations for export revenues and the ruble exchange rate. Investors in the commodities market should closely review the evening EIA release and related commentary.
API Oil Inventory Report (00:30 Moscow Time, February 11)
Already after the main trading session, at midnight (00:30 Moscow time the following day), the American Petroleum Institute (API) will release its weekly report on oil and refined product inventories in the US. Although this data is formally published on February 11 Moscow time, for the American and European markets, it still falls on Tuesday evening, and reactions may follow immediately. The API report often sets the tone ahead of the official EIA inventory statistics (which will be released on Wednesday). Last week, the API surprised the market with an unexpectedly sharp inventory decline: oil in storage dropped by 11.1 million barrels over the week, while analysts were expecting a slight increase of around 0.7 million. This sudden drawdown in inventories sparked a surge in oil quotes, signaling high fuel demand and a bullish trend for prices. If the fresh API data once again indicates a significant inventory reduction, it could strengthen the position of oil "bulls" and support further increases in oil prices. Conversely, an unexpected rise in inventories (against the backdrop of forecasts for a decrease after the previous one-off drop) could cool the market. Traders and investors in oil are advised to compare the API figures with the consensus: typically, a moderate change of around ±2–3 million barrels is expected. Any stronger deviation will serve as a volatility driver: continued inventory declines will confirm that consumption is outpacing supply, while a shift towards inventory buildup will signal potential demand weakening. Given the crucial role of the oil sector for the Russian economy, the API data will be taken into account by domestic investors when trading opens the next day.
Overall, February 10 presents a rich landscape: simultaneous earnings season for major companies (from the US market to Europe and partially Asia), significant macroeconomic indicators for the US, oil news, and geopolitical events. CIS investors should remain vigilant, evenly distributing their attention between corporate reports (which affect individual stocks and sectors) and macroeconomics (which sets the overarching backdrop). A diversified portfolio and understanding of key drivers will help navigate this day effectively. In light of increasing uncertainty, a business-like demeanor akin to analysts from Bloomberg and Financial Times – relying on facts, forecasts, and cautious optimism – will enable stakeholders to weather the day's turbulence and seize emerging opportunities. Many events lie ahead, but this Tuesday will provide crucial hints on the direction of global markets at the start of 2026.
