Economic Events and Corporate Reports for Thursday, 2nd October 2025: Switzerland's CPI, Eurozone Unemployment, US Labour Market and Factory Orders. A Review of Reports from Constellation Brands, Tesco, and Other Companies for Investors.
Thursday promises to be a busy day for investors: Asian markets are closed due to national holidays, while western exchanges will focus on inflation and employment data. Switzerland and the Eurozone will release consumer price indices and unemployment figures, while the US will present reports on jobless claims and factory orders. In addition, investors will analyse the quarterly results of major companies, with Constellation Brands and Tesco set to report their half-year earnings. The analysis and macroeconomic statistics are expected to set the tone for trading on this day.
Key Events Calendar (MSK)
- Hong Kong and China — markets closed (National Day).
- India — market closed (M. Gandhi's Birthday).
- 09:30 — Switzerland: Consumer Price Index (CPI) for September.
- 12:00 — Eurozone: Unemployment rate for August (forecast ~6.4%).
- 15:30 — US: Initial Jobless Claims.
- 17:00 — US: Factory Orders for August.
- 17:30 — US: Weekly EIA Natural Gas Inventory Report.
US Macroeconomics
The primary statistics of the day will be the weekly jobless claims and factory orders data. Analysts expect initial claims to remain around 210,000–220,000, reflecting a continued strengthening of the labour market. The publication of the figures for the week ending 26th September will help to confirm this trend. Meanwhile, the factory orders report for August is expected to indicate a modest increase following a decline in July.
Furthermore, the US Department of Energy will present its weekly report on natural gas inventories. Typically, inventory levels affect energy prices and the stock performance of energy companies. High demand for gas at the start of autumn could lead to a reduction in inventories, thereby supporting prices of the “blue fuel”.
European Macroeconomics
The main event in Europe will be the release of labour market data: Eurostat will announce the unemployment rate in the Eurozone for August (expected around 6.4%). Persistently low unemployment underpins consumer demand but also increases pressure on wages. Separately, Italy will publish its unemployment rate for August, while Spain will report changes in the number of unemployed for September.
Switzerland will release its Consumer Price Index for September. Last month, inflation slowed, and investors are anticipating confirmation of this trend. Any significant deviations from forecasts may impact the dynamics of the Swiss franc and expectations regarding the Swiss National Bank's policy.
Asian Macroeconomics
In the Asian region, no significant macro data is expected: markets in China, Hong Kong, and India are closed due to holidays, and Japan is not releasing major statistics today. Australia will present a weekly trade balance report for August, while Turkey will provide monthly inflation data (which is traditionally very high). Investors will monitor the dynamics of customs duties and the lira’s exchange rate, as sharp fluctuations might lead to volatility in emerging market currencies.
US Corporate Reports
- AngioDynamics (NASDAQ: ANGO) — report for Q1 of fiscal year 2026. The medical technology company will release its results before the markets open on 2nd October and will hold a conference call at 15:00 MSK (8:00 ET). The publication will be closely tracked for profit and revenue forecasts (the previous quarter was strong), providing insight into the state of the medical technology sector.
- Constellation Brands (NYSE: STZ) — report for Q2 of fiscal year 2026. The brewing and wine giant will announce its financial results on 1st October after market close and will conduct a conference call the next day, 2nd October, at 17:30 MSK (10:30 ET). Investors will be keen to see if the company can raise its annual earnings forecast amid strong summer demand.
European Corporate Reports
- Tesco (LON: TSCO) — report for the first half of the financial year 2025/26. The largest UK retail chain will publish its results on 2nd October. High summer demand is expected to enable the company to raise the lower end of its operating profit forecast for the year. Analysts are already pointing to a noticeable improvement in Tesco's performance in the first half of the year (September sales rose nearly 8%).
- Other major European companies are not set to report on Thursday, but investors are monitoring updates on forecasts following the summer season. Some car manufacturers and consumer goods producers may hold meetings and provide comments on sales in the face of rising consumer demand.
Corporate Reports in Asia and Russia
No major public companies are expected to report in Asia on this day, as markets in China and India are closed. In Japan, large corporations traditionally publish their quarterly results later in October, so today’s focus remains on macroeconomic and political news.
In Russia, major issuers (Sberbank, Gazprom, LUKOIL, among others) typically report their nine-month results at the end of October to early November. No significant reports are scheduled for 2nd October. On the Moscow Exchange, the primary focus remains on overarching market factors: geopolitics, oil price dynamics, and exchange rates.
Conclusions and Recommendations for Investors
On Thursday, attention should be paid to potential statistical surprises and market reactions to the data. If unemployment in the US exceeds expectations, the Federal Reserve may postpone rate cuts. Unconfirmed consumer price statistics from Switzerland or news regarding unemployment in the Eurozone will influence expectations regarding ECB monetary policy. The results from Constellation Brands and Tesco will reveal the robustness of cash flows in the consumer sector.
Investors from the CIS should be mindful of the ongoing uncertainty surrounding the US budget: if decisions are not made, a potential shutdown could increase volatility across all global markets. Meanwhile, the corporate earnings season in Asia and Russia has yet to gain traction, with global macro trends and commodity prices remaining key drivers. The focus continues to be on US employment data and investor expectations concerning forthcoming central bank decisions.
