Key Economic Events and Corporate Reports on Tuesday, 10 February 2026: ADP Data and US Retail Sales, Oil Market Forecasts, and Reports from Major Companies in the US, Europe, and Asia. An Analytical Review for Investors.
US: Quarterly Reports from Market Leaders
On Tuesday, quarterly reports are set to be released from multiple sectors within US companies. Investors will be particularly focused on giants from the consumer and technology sectors. Coca-Cola (KO) is expected to present results that will serve as a barometer for consumer demand in the global beverage market. Additionally, pharmaceutical giant Gilead Sciences (GILD) will report, along with several technology firms including music streaming service Spotify (SPOT), cloud platform Cloudflare (NET), and data analysis software developer Datadog (DDOG). These corporate reports are crucial for assessing the state of the US market, as investors will observe how companies are navigating rising costs and shifting demand. Furthermore, financial results will also be disclosed by Ford Motor (F) – a key indicator of the automotive sector and demand for electric vehicles – as well as financial technology company Upstart (UPST), online broker Robinhood (HOOD), and ride-hailing service Lyft (LYFT). Their reports will provide insights into consumer and investor sentiment in their respective sectors. Other notable companies reporting on the day include CVS Health, Fiserv, S&P Global, Oscar Health, Marriott International, Astera Labs, American International Group (AIG), Edwards Lifesciences, and Zillow Group, collectively providing a broad overview across the healthcare, finance, technology, and real estate sectors. The simultaneous release of numerous corporate reports may lead to increased volatility; strong results could bolster stock prices and the US market index, while weak reports may dampen investor risk appetite.
Europe: Reports from AstraZeneca, Ferrari, BP, and Others
Several corporate publications are also anticipated in Europe on 10 February. The British-Swedish pharmaceutical company AstraZeneca will report its financial results, serving as a benchmark for the pharmaceutical sector in Europe. Italian sports car manufacturer Ferrari (RACE) is set to unveil its fourth-quarter results – analysts are predicting approximately $2.4 in earnings per share, and the investment community will evaluate the strength of demand for luxury goods amid global volatility. British oil and gas giant BP will also be in the spotlight, publishing its report against the backdrop of fluctuating oil prices. Earlier, experts noted that according to EIA forecasts, an oversupply in the oil market could lead to falling commodity prices in 2026, prompting investors to carefully analyse how this has impacted BP’s earnings. Furthermore, several European banks and medium-sized industrial firms will report their results. Together, the corporate reports from European companies will provide insight into the state of the European economy and signal direction for the European stock market. If the results from these companies exceed expectations, it will strengthen European markets, while disappointments may heighten caution on EU exchanges.
Asian Markets: Pause in the Earnings Season
In Asia, no comparable scale of report publications is expected on Tuesday – most major Asian corporations have either reported earlier or will publish results later in the week. For instance, Japanese automaker Toyota recently released strong quarterly results and raised its annual profit forecast by approximately 12% due to a weak yen and cost-cutting programmes. Investors in Asia are currently digesting the results that have come out and preparing for upcoming events, such as SoftBank Group’s results (expected on 12 February) and the earnings of Chinese tech giants like Alibaba (report scheduled for the latter half of February). Consequently, Asian markets on 10 February will primarily follow external cues. The lack of major local reports means that macroeconomic news from the US and Europe, as well as global trends (e.g., oil dynamics), may significantly influence investor sentiment in Asia on this day.
Russian Market: Focused on External Signals
In the Russian market, the corporate earnings season has yet to enter an active phase – major annual financial report publications from Russian companies are expected closer to the end of February and into March. As of 10 February, there are no scheduled quarterly reports from Russia's largest issuers. Thus, the Russian market will largely orient itself towards external factors on this day, primarily focusing on global macroeconomics and the sentiments of international investors. The dynamics of oil prices and other commodities will be key drivers for Russian stocks and the ruble exchange rate. Investors from the CIS traditionally pay close attention to developments in the US, European, and Asian markets to assess risks and opportunities for their own investments. Therefore, US macro data and the overall tone of global corporate reports on 10 February could set the direction for domestic stock indices.
JD Vance's Visit to Armenia and Azerbaijan
From 9 to 11 February, the geopolitical spotlight will be on the visit of US Vice President JD Vance to the South Caucasus. Vance will be visiting Yerevan (Armenia) and Baku (Azerbaijan), where high-level negotiations are anticipated. Discussions are expected to focus on initiatives to unblock transport corridors and energy infrastructure between Azerbaijan and Armenia (the so-called "Trump Route"), including oil and gas pipelines, electricity transmission, and railway links. For investors, this is a significant event, as stability in the Caucasus region influences the uninterrupted supply of energy resources and raw materials. If Vance's visit leads to progress in the agreements, markets may positively interpret the reduction of geopolitical tension. However, any escalation surrounding the negotiations will be viewed as a risk factor. Companies in the oil and gas sector and currencies of developing countries in the region will be particularly sensitive to the outcomes of this trip. It is crucial for CIS investors to monitor Vance's statements and the reactions from Armenian and Azerbaijani leaders to assess possible long-term changes in the regional economy.
ADP Employment Report in the US (16:15 MSK)
In the afternoon, the ADP report on US private sector employment will be released – a key labour market indicator 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, the ADP report for January showed a mere increase of 22,000 jobs, significantly below analyst expectations. This confirmed a trend of slowing hiring: in comparison, December’s increase was 37,000, and the consensus forecast for January was around +45,000. This time, investors will be looking for signs of recovery or further weakening in the labour market. US macroeconomic data is currently under the spotlight – a slowdown in hiring may amplify expectations for a more dovish Federal Reserve policy, supporting the stock market. Conversely, unexpectedly strong job growth in the ADP report could raise bond yields and intensify discussions regarding hawkish monetary policy. Economist expectations are moderate: the consensus for the private sector is an increase of around 0–50 thousand jobs, indicating a rather sluggish labour market. Russian-speaking investors in US stocks should consider that any surprises in the ADP report could lead to swift market fluctuations and set the tone for global trading for the remainder of the day.
US Retail Sales Data (16:30 MSK)
Just minutes after the ADP report, at 16:30 MSK, the long-awaited retail sales statistics for the US for December will be released. This report has faced delays due to a temporary government shutdown in January, and its publication now garners heightened attention. The December release will provide a final assessment of the holiday sales season and consumer activity at the end of 2025. Economists expect retail sales to have increased by approximately +0.4–0.5% month-on-month after a rise of +0.6% in November. Such a pace indicates a confident year-end: despite high interest rates and inflation, US consumers continued to spend, particularly during Cyber Monday and Christmas sales. An important aspect will be the core figure (sales excluding automobiles) and the so-called control group of sales, which influence GDP calculations – forecasts for these are also around +0.4–0.5%. If the actual figures exceed expectations, it will reaffirm the strength of the US consumer sector and could support the stock prices of retailers and indices. However, weak figures (e.g., zero growth or decline) will raise concerns in the markets, prompting questions about economic slowdown. For CIS investors, the American retail sector serves as an indicator of global demand: positive news could enhance sentiment in European and Asian markets, while negative developments may dampen risk appetite worldwide.
US Energy Department's Oil Market Forecast (20:00 MSK)
Later in the evening, the US Energy Information Administration (EIA) will publish its monthly Short-Term Energy Outlook at 20:00 Moscow time. This report contains updated forecasts regarding the global balance of oil demand and supply, inventory levels, and prices for the coming months. In the previous release, the EIA highlighted the formation of a supply surplus in the market: it estimated that global oil inventories might increase by an average of +2.2 million barrels per day in 2026, which would exert downward pressure on prices. The new forecast will reflect how recent events – such as OPEC+ actions or the state of the Chinese economy – have affected expectations for production and consumption. Investors will critically analyse what scenario the US Department of Energy presents: if signals indicate a tighter market (lower inventories or increased demand), oil may receive upward momentum. However, the EIA's base case still suggests relatively low prices: according to their November estimates, the average price of Brent oil in 2026 was expected to be around $55 per barrel, lower than the average level of 2025. Any alterations to this figure in the February forecast (upward or downward) will instantly be reflected in oil prices. For the Russian energy market, such forecasts are particularly significant – they influence expectations regarding export revenues and the ruble exchange rate. Investors in the commodities market should closely scrutinise the evening EIA release and accompanying commentary.
API Oil Inventory Report (00:30 MSK, 11 February)
Just after the main session closes, at midnight (00:30 MSK the following day), the American Petroleum Institute (API) will release its weekly summary of oil and petroleum product inventories in the US. Although this data is technically published on 11 February MSK, for American and European markets, it is still Tuesday evening, and immediate reactions may follow. The API report often sets the tone ahead of the official EIA statistics on inventories (scheduled for Wednesday). Last week, the API shocked the market with an unexpectedly sharp decrease in inventories: oil in storage fell by 11.1 million barrels over the week, while analysts had anticipated a slight increase of around 0.7 million. This sudden depletion of inventories spurred a surge in oil prices, signalling strong fuel demand and a bullish trend for prices. If the fresh API data again shows a significant reduction in inventories, this may strengthen the positions of oil "bulls" and support further price growth. Conversely, an unexpected increase in inventories (against the backdrop of a projected decline following the previous one-off release) 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 significant deviation will drive volatility: a continuous reduction in inventories will confirm that consumption is outpacing supply, while a pivot towards increasing inventories will signal potential weakening demand. Given the role of the oil sector in the Russian economy, the nighttime API data will also be taken into account by domestic investors when opening trades the following day.
Overall, 10 February presents a rich tapestry of events: a concurrent season of corporate reports from major companies (from the US market to Europe and partially Asia), important macroeconomic indicators from the US, oil news, and geopolitical developments. Investors from the CIS should remain vigilant: effectively balancing attention between corporate reports (which impact specific stocks and sectors) and the macroeconomy (which sets the overall backdrop) will be crucial. A diversified portfolio and an understanding of key drivers will equip one to face this day with readiness. In an environment of rising uncertainty, adopting a business-like approach akin to analysts at Bloomberg and the Financial Times – reliance on facts, forecasts, and cautious optimism – will help navigate the turbulence of the day and capitalise on emerging opportunities. With many events ahead, this Tuesday will provide vital clues about the trajectory of global markets at the start of 2026.
