Key Economic Events and Corporate Reports for Tuesday, February 10, 2026: ADP Data and U.S. Retail Sales, Oil Market Forecasts, Earnings Reports from Major U.S., European, and Asian Companies. Analytical Overview for Investors.
U.S.: Quarterly Reports from Market Leaders
On Tuesday, quarterly earnings reports from U.S. companies are set to be released across several sectors. Investors will pay particular attention to giants in the consumer and technology sectors. Coca-Cola (KO) will present results that will serve as a barometer for consumer demand in the global beverage market. Pharmaceutical giant Gilead Sciences (GILD) will also report, alongside a number of tech companies including music streaming service Spotify (SPOT), cloud platform Cloudflare (NET), and data analytics software developer Datadog (DDOG). These corporate reports are crucial for assessing the state of the U.S. market: investors will look at how companies are managing rising costs and changes in demand. Furthermore, financial results will also be released by Ford Motor (F), a key indicator of the automotive industry and demand for electric vehicles, as well as fintech company Upstart (UPST), online broker Robinhood (HOOD), and ride-hailing service Lyft (LYFT) – their reports will provide signals about 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 – together, they will cover a wide range of sectors from healthcare and finance to technology and real estate. The simultaneous release of numerous corporate reports may lead to increased volatility: strong results could support stocks and the U.S. market index, while weak reports may temper investors' risk appetite.
Europe: Reports from AstraZeneca, Ferrari, BP, and Others
A series of corporate releases are also expected in Europe on February 10. British-Swedish pharmaceutical company AstraZeneca will report its financial results, providing guidance on the pharmaceutical sector in Europe. Italian sports car manufacturer Ferrari (RACE) will release fourth-quarter results, with analysts projecting earnings of around $2.40 per share. The investment community will assess the resilience of luxury goods demand even amid global volatility. Attention will also focus on British oil and gas giant BP, publishing results against the backdrop of fluctuating oil prices. Earlier, experts noted that EIA forecasts indicate that an oversupply in the oil market could lead to a decrease in commodity prices in 2026; thus, investors will closely examine how this has impacted BP's revenues. Additionally, some European banks and mid-sized industrial firms are set to report. Together, the corporate results of European companies will provide insights into the state of the European economy and will signal trends for the European stock market. If these companies exceed expectations, it will support European markets, whereas disappointing results may heighten caution in EU exchanges.
Asian Markets: Reporting Season Pause
In Asia, no comparable releases are expected on Tuesday – most large Asian corporations reported earlier or will release results later in the week. For example, Japanese automaker Toyota released strong quarterly results last week and raised its annual profit forecast by approximately 12%, supported by a weak yen and cost-cutting measures. Asian investors are currently digesting the released reports and preparing for upcoming events – such as results from SoftBank Group (expected February 12) and Chinese tech giants like Alibaba (scheduled for the second half of February). Thus, Asian markets on February 10 will largely follow external factors. The absence of major local reports means that macro news from the U.S. and Europe, along with global trends (such as oil dynamics), may exert a heightened influence on investor sentiment in Asia on that day.
Russian Market: Focus on External Signals
The corporate reporting season in the Russian market has not yet entered an active phase – the main announcements of annual financial results from Russian companies are expected closer to the end of February and March. As of February 10, there are no scheduled quarterly report releases among the largest issuers in Russia. Consequently, the Russian market on this day will largely orient itself towards external factors – primarily global macroeconomic conditions and the sentiments of global investors. The dynamics of oil prices and other commodities will serve as key drivers for Russian stocks and the ruble exchange rate. CIS investors typically keep a close eye on the situation in the U.S., European, and Asian markets to assess risks and opportunities for their investments. Therefore, U.S. macro data and the overall tone of corporate reports from around the world on February 10 may dictate the direction for domestic stock indices.
Visit of J.D. Vance to Armenia and Azerbaijan
From February 9 to 11, geopolitical attention will center on U.S. Vice President J.D. Vance’s visit to the South Caucasus. Vance's itinerary includes Yerevan (Armenia) and Baku (Azerbaijan), where high-level negotiations are planned. Discussions are expected to cover initiatives to unblock transport corridors and energy infrastructure between Azerbaijan and Armenia (the so-called “Trump Route”), which includes oil and gas pipelines, power lines, and rail connections. For investors, this is a significant event since the stability in the Caucasus region affects the continuity of energy resource and commodity supplies. If Vance’s visit results in progress on agreements, markets may respond positively to reduced geopolitical tension. However, any escalation around 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. CIS investors need to monitor Vance's statements and the reactions from Armenian and Azerbaijani leaders to assess potential long-term changes for the regional economy.
ADP Employment Report in the U.S. (16:15 MSK)
During the day, the ADP Employment Report for the U.S. private sector will be released – a key labor market indicator closely watched by market participants. The ADP data will be published at 16:15 MSK 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 analyst expectations. This confirmed the trend of hiring slowdown: for comparison, in December, the gain was 37,000, while the consensus forecast for January was around +45,000. This time, investors will look for signs of recovery or further weakening of the labor market in the new figures. The U.S. macroeconomic situation is currently in focus – a slowdown in hiring may bolster expectations for a more accommodative Fed policy, which would support the stock market. Conversely, an unexpectedly strong employment gain in the ADP report could drive bond yields higher and intensify discussions about a tougher monetary policy. Economist expectations are moderate: the consensus for the private sector is a gain of around 0–50,000 jobs, indicating a relatively tepid labor market. Russian-speaking investors in U.S. stocks should note that any surprises in the ADP report may trigger rapid fluctuations in the U.S. market and set the tone for global trading for the rest of the day.
U.S. Retail Sales Data (16:30 MSK)
Just minutes after the ADP report, at 16:30 MSK, the long-awaited U.S. retail sales statistics for December will be released. This report was delayed due to a temporary government shutdown in January and is now drawing 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 risen by approximately +0.4–0.5% month-over-month following a +0.6% increase in November. Such a pace indicates a strong year-end: despite high interest rates and inflation, American consumers continued to spend, particularly on Cyber Monday and Christmas sales. A key aspect will be the core figure (sales excluding autos) and the so-called control group of sales, which influence GDP calculations – projections for these figures are also around +0.4–0.5%. If actual data surpass expectations, it will confirm the strength of the U.S. consumer sector and may support retail stocks and indices. Conversely, weak figures (e.g., zero growth or a decline) may alert markets, raising questions about economic slowdown. For CIS investors, the American retail sector serves as an indicator of global demand: positive news could improve sentiment on European and Asian exchanges, while negative news would affect risk appetite worldwide.
U.S. Energy Department Oil Market Forecast (20:00 MSK)
Later in the evening, the U.S. Energy Department (EIA) will release its monthly short-term oil and energy outlook (STEO). This report will be published at 20:00 MSK and contains updated projections for the global supply-demand balance of oil, inventory levels, and prices for the upcoming months. In its previous issue, EIA noted that market oversupply is forming: globally, oil inventories are expected to grow by an average of +2.2 million barrels per day in 2026, which will exert downward pressure on prices. The new forecast will indicate how recent events – such as OPEC+ actions or China's economy – have impacted expectations for production and consumption. It is critically important for investors to see what scenario the U.S. Energy Department presents: if signals of a tighter market (lower inventories or increased demand) appear in the forecast, oil could gain upward momentum. However, in its base scenario, EIA analysts still assume 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 in 2025. Any change to this number in February's forecast (upward or downward) will immediately reflect in oil quotes. For the Russian energy market, such forecasts are particularly significant – they affect expectations for export revenues and the ruble's exchange rate. Investors in the commodities market should carefully analyze the evening EIA release and accompanying comments.
API Oil Inventory Report (00:30 MSK, February 11)
After the main session concludes, at midnight (00:30 MSK the next day), the American Petroleum Institute (API) will release its weekly inventory summary for crude oil and petroleum products in the U.S. While these data are officially published on February 11 MSK, for the U.S. 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 inventory statistics (which will be released on Wednesday). Last week, the API surprised the market with an unexpectedly sharp decline in inventories: oil in storage fell by 11.1 million barrels over the week, while analysts were expecting a slight increase of approximately 0.7 million. This sudden inventory draw triggered a surge in oil prices, signaling high demand for fuel and a bullish trend for prices. If the new API data shows another substantial decline in inventories, this could strengthen the positions of oil “bulls” and support further price increases. Conversely, an unexpected rise in inventories (against the backdrop of a forecast decrease following last week's drawdown) may cool the market. Traders and oil investors are advised to compare the API figures with the consensus: a moderate change of around ±2–3 million barrels is typically expected. Any larger deviation will serve as a volatility driver: sustained inventory declines will confirm that consumption is outpacing supply, while a shift toward inventory accumulation may signal potential demand weakening. Given the role of the oil sector in the Russian economy, the night API data will also be considered by domestic investors when opening trade the next day.
Overall, February 10 presents a busy landscape: the simultaneous release of corporate earnings from major companies (from the U.S. market to Europe and partially Asia), important U.S. macroeconomic indicators, news on oil, and geopolitical events. CIS investors should remain vigilant: evenly distributing attention between corporate reports (which impact individual stocks and sectors) and macroeconomics (which sets the overall backdrop). A diversified portfolio and understanding of key drivers will help navigate this day equipped. In conditions of rising uncertainty, a business style akin to analysts from Bloomberg and the Financial Times – relying on facts, forecasts, and cautious optimism – will enable one to weather the day's turbulence and capitalize on emerging opportunities. Numerous events lie ahead, but this Tuesday will provide significant clues about the direction of global markets at the beginning of 2026.
