Economic Events and Corporate Reports – Wednesday, 25th February 2026: Australia CPI, Germany GDP, Eurozone Inflation and NVIDIA Earnings

Key Economic Events and Corporate Reports on Wednesday, 25 February 2026: Australian CPI, German GDP, Eurozone Inflation, EIA Oil Inventories, and Earnings Reports from Major Public Companies in the US, Europe and Asia. Analysis for CIS Investors.

• Inflation and Rates: Australian CPI and Eurozone CPI serve as direct triggers for interest rate expectations and growth stock evaluations.
• European Growth: German GDP aids in understanding the resilience of the eurozone core economy and the risk of a "soft landing".
• Oil and Inflation Expectations: US oil inventories (EIA) often reflect in WTI/Brent prices and inflation expectations.
• Corporate Reports: A high concentration of earnings reports in the US (including S&P 500 constituents) can "overwhelm" the macroeconomic backdrop.

Markets: Where Volatility is Likely

The day primarily revolves around the reassessment of discount rates. If CPI strengthens expectations for a more hawkish policy, pressure typically arises in the tech sector and growth stocks; if CPI is softer, risk assets and long bonds gain support. Oil adds a separate channel of influence through inflation expectations and the energy sector.

• FX: AUD following Australian CPI, EUR after the Eurozone data, USD via oil and yields.
• Indices: focus on S&P 500 and Nasdaq due to heavy earnings reports in the evening; in Europe — Euro Stoxx 50; in Asia — Nikkei 225 reacts to global risk appetite.
• Russia: The rouble, OFZ bonds, and stocks on MOEX are sensitive to weekly inflation and expectations for the key rate.

Economic Calendar: Events and Times in Moscow

Australia: CPI and RBA Policy Expectations

The publication of Australian CPI during the early Asian session often sets the tone for AUD and interest rate expectations. For a global portfolio, the dynamics of "core" inflation and the breadth of price increases matter: the broader the pressure, the harder it is for markets to price in a soft interest rate trajectory, increasing the sensitivity of growth stocks to yields.

Europe: German GDP and Eurozone Inflation

In Europe, investors are assessing the balance between "growth vs inflation". Detailed German GDP data helps evaluate demand dynamics and industrial resilience, while Eurozone CPI solidifies (or alters) rate expectations and ECB rhetoric. Consequently, the most sensitive assets include: EUR, yields, credit spreads, banks and insurers, as well as export-oriented companies within the Euro Stoxx 50.

USA: Oil, EIA, and Market Impact

EIA data quickly reflects in WTI/Brent prices and can influence inflation expectations, particularly as the market concurrently assesses rates trajectories. In such a "global environment", it serves as an important bridge between the macroeconomic block (CPI) and corporate earnings reports: rising oil prices reinforce the inflation channel, while declines ease pressure on yields.

Here are the details to watch in the EIA report:

• crude oil and Cushing inventories (signal for the physical market);
• changes in refining and refinery utilisation (demand from the real sector);
• gasoline and distillates as proxies for household demand and logistics.

Corporate Reports: Who is Reporting on this Day

Below are major public companies releasing earnings reports on 25 February 2026 (or conducting results calls on this day). For convenience, tickers and session timing (pre-market / post-market) are indicated. In the US, this is especially significant: volatility often arises right after market close and impacts the following day in Asia and Europe.

If you are building a portfolio focused on indices (S&P 500, Euro Stoxx 50, Nikkei 225 or MOEX), the rationale is straightforward: tech earnings set the risk tone, retail confirms consumer status, while banks and utilities provide insights into capital cost and dividends.

USA and Americas: Pre-Market

• Lowe’s (LOW), The TJX Companies (TJX), Circle (CRCL), Hut 8 (HUT), Photronics (PLAB), ODDITY Tech (ODD), Valens Semiconductor (VLN), Blackstone Secured Lending Fund (BXSL), Trinity Capital (TRIN), Ionis Pharmaceuticals (IONS).

USA and Americas: Post-Market

• NVIDIA (NVDA), Salesforce (CRM), Snowflake (SNOW), Synopsys (SNPS), The Trade Desk (TTD), Agilent (A), Pure Storage (PSTG), Nutanix (NTNX), Nu Holdings (NU), IonQ (IONQ), Array Technologies (ARRY), Paramount Skydance (PSKY).

Europe and the UK

• HSBC (HSBA), Diageo (DGE), Iberdrola (IBE), Novonesis (NVO), Eiffage (FGR), Fnac Darty (FNAC), Aston Martin Lagonda (AML).

Asia

• Oversea-Chinese Banking Corporation (O39 / OVCHY), Delta Electronics (2308.TW).

Russia

• VTB (VTBR): annual IFRS financial statements (as per issuer's calendar).

Investor Focus by Day's End

1. Check for "bottlenecks" in timing: macro releases in Europe and EIA come out before the US earnings block; it is advisable to plan risk positions in advance.
2. Divide risk into two windows: (a) CPI and rates during the day, (b) large tech earnings at night according to MSK.
3. Look at guidance: forecasts and management commentary are often more critical than the specific quarterly profits.
4. Monitor oil: an unexpected surprise in the EIA report may strengthen momentum in inflation expectations and indices.
5. For portfolios in roubles: weekly CPI and VTB earnings are key local catalysts for MOEX.
6. Don’t forget about liquidity: when earnings reports are published after US market close, spreads and gaps at the next day’s opening tend to be more frequent than usual.

25 February 2026 is set to be a busy day for global markets, where the economic calendar featuring CPI and GDP coincides with a dense schedule of corporate earnings. The most likely points of volatility expansion are during the middle of the European session and after the US market closes.