Key Economic Events and Corporate Reports for Thursday, December 11, 2025: Central Bank Decisions, IEA and OPEC Reports, US Labor Market Data, and Global Companies' Earnings. A Comprehensive Overview for Investors.
On Thursday, global markets will be focused on the decisions of two central banks and critical reports concerning raw materials markets. In the morning, the Swiss National Bank will announce its interest rate, followed by a key decision from the Central Bank of Turkey later in the day. Investors will assess the future direction of monetary policy in these countries amid changing inflation trends. Additionally, the monthly oil market reports from the International Energy Agency (IEA) and OPEC will shape expectations regarding the balance of supply and demand for energy resources. Furthermore, several prominent companies from the S&P 500 index and other stock exchanges will present their quarterly results—from tech giant Broadcom to retail giant Costco—providing insights into corporate sentiment as the year draws to a close.
Main Economic Events:
- 11:30 (Switzerland) – Swiss National Bank Interest Rate Decision: The Swiss regulator will determine the new interest rate (currently around 0%), taking into account low inflation and the franc's exchange rate. The Swiss National Bank is expected to keep the rate unchanged following a series of cuts this year, reaffirming its commitment to price stability. Investors will be watching for signals from the regulator regarding future monetary policy; at 12:00 Moscow time, the SNB's President will hold a press conference to elaborate on the decision.
- 12:00 – IEA Monthly Oil Market Report: The International Energy Agency will publish its latest overview of the oil market's supply and demand balance. The IEA report will include forecasts for global demand, production (particularly in non-OPEC countries), and an assessment of commercial inventories. Market participants will scrutinize the IEA's projections for 2026 to determine whether a risk of supply shortage remains or if a surplus is expected—these conclusions could impact oil prices.
- 12:50 (UK) – Bank of England Governor's Speech: Andrew Bailey, the Governor of the Bank of England, will deliver a speech likely touching upon the state of the UK’s economy and future monetary policy directions. The market will be looking for hints on the regulator's next moves, particularly concerning the fight against inflation and the state of the UK labor market.
- 14:00 (Turkey) – Central Bank of Turkey Interest Rate Decision: The Turkish regulator will announce a new key interest rate. After a period of ultra-tight monetary policy earlier in the year, the bank moved toward easing as inflation in the country dropped to approximately 33% annually, allowing for a cautious reduction in rates (current level being 39.5%). A further decrease of 100–150 basis points is anticipated; however, investors will be attentive to the Central Bank's rhetoric regarding the sustainability of disinflation and further plans.
- 15:00 – OPEC Monthly Oil Market Report: OPEC will present its own analysis of the oil market situation over the past month, including data on production by cartel members and demand forecasts. OPEC's report typically sets the tone for expectations regarding oil balances: if it indicates a persistent supply shortage or strong demand, prices may receive support, whereas indications of oversupply could exert downward pressure on quotations. Comparing OPEC's assessments with those of the IEA will provide a clearer picture of oil market prospects.
- 16:30 (US) – Initial Jobless Claims: The US Department of Labor will publish weekly data on jobless claims. The figure is near multi-year lows, reflecting a resilient labor market, although there has been a slight uptick in claims in recent weeks. Any sharp change in this indicator could influence expectations regarding Federal Reserve policy: a rise in claims would weaken the case for maintaining high rates for an extended period, while consistently low values would support the notion of a strengthening economy.
- 18:30 (US) – EIA Natural Gas Inventory Report: The weekly statistics from the US Energy Information Administration will show changes in natural gas storage. This data is particularly important during the winter season: a decrease in storage levels relative to average levels will support gas prices, indicating high demand, while an excess of inventories could weaken prices. Energy traders will take the EIA report into account when assessing the gas balance in the US market.
Corporate Earnings Reports:
- Before North American Trading Opens: Companies setting the tone in their sectors will report earnings. Canadian fixed-price retailer Dollarama will present its third-quarter results (fiscal year 2026), reflecting consumer demand for everyday goods amid inflation. Additionally, the American Ciena Corporation will report its fourth-quarter results before the session begins; these figures from the telecommunications equipment supplier will serve as a barometer of investment activity among telecom operators and 5G network developments.
- Europe: A number of major companies will release earnings, painting a picture of various sectors of the region's economy. The Polish fashion house LPP will disclose its third-quarter results, reflecting consumer demand trends in Eastern Europe and brand expansion efficiency. German medtech company Carl Zeiss Meditec will report its fourth-quarter results; the dynamics of its revenue and profit will indicate the state of demand for high-tech medical equipment globally. Moreover, airport operator Fraport will publish November passenger traffic data—this metric serves as an indicator of the recovery in international travel and tourism.
- After Market Close in the US: Focus is on the technology and consumer sectors. Semiconductor giant Broadcom will release its fourth-quarter results and the full 2025 fiscal year: analysts are interested in demand for chips for data centers and AI, which could influence sentiment across the entire tech sector. Simultaneously, retail giant Costco Wholesale will report sales and profits for the first quarter of its 2026 fiscal year—the figures will give a signal about the strength of consumer spending in the US and the effectiveness of its subscription business model. Additionally, premium sportswear maker Lululemon Athletica will publish its results for Q3 2025: sales momentum for this brand will show whether high demand for fitness and yoga products persists despite competition. Furthermore, RH (Restoration Hardware), a company dealing in luxury furniture, will present its quarterly results—its report will serve as a marker of demand for high-end home goods.
- Russia: Aeroflot will publish its operational results for November. Investors will evaluate passenger traffic dynamics and flight occupancy for the flagship carrier: a consistent increase in the number of passengers transported confirms the recovery of the air transport market, while weak statistics could heighten concerns regarding demand for air travel during winter.
Commentary:
Thursday is poised to be a day that could significantly shift sentiment in financial markets. Decisions by the Swiss and Turkish central banks will set the tone in the currency market: unexpected moves or statements from regulators could reflect on the franc and lira's exchange rates, as well as on yields of developing market bonds. Simultaneously, participants in the raw materials market will carefully analyze the IEA and OPEC reports: alignment of assessments from these organizations will bolster investor confidence, whereas discrepancies in their views could increase volatility in oil prices. On the corporate front, key earnings reports in the US (Broadcom, Costco, etc.) will serve as a test for sentiments in the technology and consumer sectors, potentially influencing the dynamics of Wall Street indices. Investors should pay particular attention to signals from the SNB press conference as they could impact the entire European financial landscape, as well as the tone of the monthly oil reviews that dictate expectations for raw material assets. The combination of statistics and corporate news on this day will assist in gauging how confidently global markets are entering the year's end amid easing inflationary pressures and the central banks' first steps toward policy easing.
