Economic Events and Corporate Reports — Wednesday, February 25, 2026: Australia's CPI, Germany's GDP, Eurozone Inflation, and NVIDIA Earnings

Key Economic Events and Corporate Reports for Wednesday, February 25, 2026: Australia CPI, Germany GDP, Eurozone Inflation, EIA Oil Stocks, and Earnings Reports from Major Public Companies in the USA, Europe, and Asia. Analysis for CIS Investors.

• Inflation and Rates: Australia's CPI and Eurozone CPI are direct triggers for rate expectations and for evaluating growth stocks.
• European Growth: Germany's GDP helps to understand the resilience of the core Eurozone economy and the risk of a "soft landing."
• Oil and Inflation Expectations: US oil stocks (EIA) often reflect in WTI/Brent prices and in inflation expectations.
• Corporate Reports: A high concentration of earnings reports in the USA (including S&P 500 constituents) can "overlap" the macro backdrop.

Markets: Where Volatility is Likely

The day primarily revolves around the re-evaluation of discount rates. If the CPI strengthens expectations for a tighter policy, pressure tends to emerge in the technology segment and in "growth stocks"; if CPI is softer, risk assets and long bonds receive support. Oil adds a separate channel of influence through inflation expectations and the energy sector.

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

Economic Calendar: Events and Times (Moscow Time)

Australia: CPI and RBA Policy Expectations

The release of Australia's CPI during the early Asian session often sets the tone for the AUD and for rate expectations. For the global portfolio, the dynamics of "core" inflation and the breadth of price increases are important: the wider the pressure, the harder it becomes for the market to price in a soft rate trajectory, and the higher the sensitivity of growth stocks to yields.

Europe: Germany GDP and Eurozone Inflation

In Europe, investors look at the balance between "growth vs inflation." Detailed data on Germany's GDP helps to assess demand dynamics and industrial resilience, while Eurozone CPI solidifies (or changes) rate expectations and ECB rhetoric. As a result, EUR, yields and credit spreads, banks and insurance companies, as well as export-driven companies in the Euro Stoxx 50, are particularly sensitive.

USA: Oil, EIA and Market Impact

EIA data quickly reflects in WTI/Brent prices and can impact inflation expectations, particularly when the market is simultaneously assessing the rate trajectory. In such a "global environment," this serves as an important bridge between the macro block (CPI) and corporate earnings reports: rising oil prices amplify the inflation channel, while declines alleviate pressure on yields.

What to look for in the EIA report details:

• crude oil and stocks at Cushing (signal for the physical market);
• changes in refinery throughput and utilization (demand from the real sector);
• gasoline and distillates as proxies for household and logistics demand.

Corporate Reports: Who is Reporting on This Day

Below are major public companies reporting on February 25, 2026 (or holding results/calls on that day). For convenience, tickers and session times (pre-market/post-market) are indicated. In the USA, this is particularly important as volatility often arises after market close and influences the next day in Asia and Europe.

If you are building a portfolio based on indices (S&P 500, Euro Stoxx 50, Nikkei 225, or MOEX), the logic is simple: technology reports set the risk mode, retail confirms consumer conditions, while banks and utilities provide signals regarding capital costs and dividends.

USA and Americas: Before US Market Opens

• 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: After US Market Closes

• 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 report according to IFRS (per issuer's calendar).

Investor Focus at the End of the Day

1. Check for "bottlenecks" by time: macro releases in Europe and EIA data come out before the USA earnings report block; it’s better to plan risk positions in advance.
2. Divide risk into two windows: (a) CPI and rates during the day, (b) earnings from major tech companies at night (Moscow time).
3. Pay attention to guidance: forecasts and management comments are often more important than the actual earnings figure for the quarter.
4. Monitor Oil Prices: an unexpected surprise from the EIA may intensify movements in inflation expectations and indices.
5. For portfolios in rubles: weekly CPI and VTB earnings are key local catalysts for the MOEX.
6. Don’t forget about liquidity: with reports released after the US market closes, spreads and "gaps" at the next day's opening occur more frequently than usual.

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