Key Economic Events and Corporate Reports on Tuesday, February 10, 2026: ADP Data and U.S. Retail Sales, Oil Market Forecasts, Earnings Reports from Major Companies in the U.S., Europe, and Asia. An Analytical Overview for Investors.
U.S.: Quarterly Reports from Market Leaders
On Tuesday, several U.S. companies will release their quarterly earnings reports across multiple sectors. Investors will be particularly focused on giants in the consumer and technology sectors. Coca-Cola (KO) will present results that will serve as a benchmark for consumer demand in the global beverage market. In addition, pharmaceutical giant Gilead Sciences (GILD) will report, along with a range of technology firms, including the 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 examine how companies are coping with rising costs and changing demand. Furthermore, financial results will be released by Ford Motor (F) – a bellwether for the automotive industry and electric vehicle demand – as well as fintech company Upstart (UPST), online broker Robinhood (HOOD), and rideshare service Lyft (LYFT) – their reports will provide signals about consumer and investor sentiment within 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, collectively offering a wide coverage of sectors from healthcare and finance to technology and real estate. The simultaneous release of numerous corporate reports could lead to increased volatility: strong results may bolster stocks and the U.S. market index, while weaker reports could dampen investors' risk appetite.
Europe: Reports from AstraZeneca, Ferrari, BP, and Others
On February 10 in Europe, several corporate publications are also anticipated. British-Swedish pharmaceutical company AstraZeneca will report its financial results, providing guidance for the pharmaceutical sector in Europe. Italian sports car manufacturer Ferrari (RACE) will present its fourth-quarter results – analysts forecast approximately $2.40 earnings per share, and the investment community will assess the resilience of luxury goods demand amid ongoing global volatility. Additionally, British oil and gas giant BP will release its report amid fluctuations in oil prices. Earlier, experts noted that according to EIA forecasts, market excess supply could lead to a decrease in crude prices in 2026, so investors will closely examine how this has affected BP's earnings. Some European banks and mid-sized industrial firms will also report. Together, the corporate reports from European companies will facilitate an assessment of the European economy's state and provide signals for the European stock market. If results from these companies exceed expectations, it will support European markets, whereas disappointments could heighten caution on EU exchanges.
Asian Markets: Reporting Season Pauses
In Asia, no comparable-scale reports are expected on Tuesday, as most major Asian corporations have already reported earlier or will release results later in the week. For instance, Japanese automaker Toyota released strong quarterly results last week and raised its annual profit forecast by approximately 12% due to the weak yen and cost-reduction program. Investors in Asia are currently digesting the reports already released and preparing for upcoming events – such as results from SoftBank Group (expected on February 12) and Chinese tech giants like Alibaba (scheduled for the second half of February). Therefore, Asian markets on February 10 will primarily follow external trends. The absence of significant local reports means that macroeconomic news from the U.S. and Europe, along with global trends (such as oil dynamics), may have an increased influence on investor sentiment in Asia on this day.
Russian Market: Focus on External Signals
In the Russian market, the corporate earnings season has yet to enter its active phase – major publications of annual financial statements from Russian companies are expected closer to the end of February and into March. As of February 10, there are no scheduled quarterly report releases among the largest issuers in the RF. Hence, on this day, the Russian market will largely orient itself towards external factors – primarily global macroeconomics and the sentiments of global investors. Oil prices and other commodity trends will be a key driver for Russian stocks and the ruble exchange rate. Investors from the CIS traditionally keep a close eye on market conditions in the U.S., Europe, and Asia to evaluate risks and prospects for their investments. Therefore, macro data from the U.S. and the overall tone of corporate reports worldwide on February 10 could set the direction for domestic stock indices.
JD Vance’s Visit to Armenia and Azerbaijan
From February 9 to 11, geopolitics takes center stage with U.S. Vice President JD Vance’s visit to the South Caucasus. Vance is visiting Yerevan (Armenia) and Baku (Azerbaijan), where high-level negotiations are planned. Discussions are expected on initiatives to unblock transport corridors and energy infrastructure between Azerbaijan and Armenia (dubbed the "Trump Route"), including oil and gas pipelines, power lines, and rail connections. This is an important event for investors, as the stability of the Caucasus region affects the uninterrupted supply of energy resources and commodities. If Vance's visit leads to progress in agreements, markets may react positively to a reduction in geopolitical tensions. However, any escalation around the negotiations will be viewed as a risk factor. Companies in the oil and gas sector and currencies of the region's emerging markets will be particularly sensitive to the outcomes of this visit. CIS investors should closely monitor Vance’s statements and the reactions of Armenian and Azerbaijani leaders to gauge potential long-term changes for the regional economy.
ADP Employment Report in the U.S. (16:15 MSK)
In the afternoon, the ADP employment report for the U.S. private sector will be released – one of the labor market indicators closely monitored by market participants. The ADP data is published at 16:15 MSK and serves as a leading signal ahead of the official employment statistics. Last month, the ADP report for January showed an increase of only 22,000 jobs, significantly below analysts' expectations. This confirmed a trend of hiring slowdown: for comparison, in December, the increase was 37,000, while the consensus forecast for January was roughly +45,000. This time, investors will be looking for signs of recovery or further weakening in the labor market from the new figures. The U.S. macroeconomics remain in focus – a slowdown in hiring may enhance expectations for a more lenient Federal Reserve policy, which could support the stock market. Conversely, an unexpectedly strong job increase from ADP could push bond yields higher and intensify discussions about stringent monetary policy. Economists’ expectations are moderate: the consensus for the private sector is an increase of approximately 0-50,000 jobs, indicating a relatively sluggish labor market. Russian-speaking investors in U.S. equities should note that any surprises in the ADP report could lead to quick fluctuations in the U.S. market and set the tone for global trading for the remainder of the day.
U.S. Retail Sales Data (16:30 MSK)
Just a few minutes after the ADP release, at 16:30 MSK, the long-awaited retail sales statistics for the U.S. for December will be published. This report has been delayed due to a temporary government shutdown in January and is now attracting heightened attention. The December release will provide the 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-over-month after a rise of +0.6% in November. This pace indicates a confident end to the year: despite high rates and inflation, American consumers continued to spend, particularly during Cyber Monday and Christmas sales. An important aspect will be the core measure (sales excluding automobiles) and the so-called control group of sales that impact GDP calculations – forecasts for these are also around +0.4-0.5%. If actual data exceed expectations, this will confirm the strength of the U.S. consumer sector and may support the stock prices of retailers and indices. Conversely, weak figures (such as zero growth or decline) may alarm the markets, raising concerns about economic slowdown. For CIS investors, the U.S. retail sector serves as an indicator of global demand: positive news can improve sentiment in European and Asian markets, while negative news will affect risk appetite worldwide.
U.S. Energy Department Oil Market Forecast (20:00 MSK)
Closer to the evening, the U.S. Energy Department (EIA) will release its monthly Short-Term Energy Outlook for oil and energy. This report will be published at 20:00 MSK and contains updated forecasts for the global supply-demand balance of oil, inventory levels, and price outlooks for the coming months. In the previous release, EIA highlighted the formation of a supply surplus in the market: estimates indicated that global oil inventories could grow by an average of +2.2 million barrels per day in 2026, putting downward pressure on prices. The new forecast will illustrate how recent events – such as OPEC+ actions or the Chinese economy – have impacted expectations for production and consumption. It is critically important for investors what scenario the U.S. Department of Energy presents: if the forecast signals a tighter market (lower inventories or rising demand), oil may gain upward momentum. However, in the baseline scenario, EIA analysts still assume relatively low prices: according to their November estimates, the average price of Brent oil in 2026 was projected to be around $55 per barrel, which is lower than the average level of 2025. Any change to this figure in the February forecast (upward or downward) will immediately impact oil prices. For the Russian energy market, such forecasts are especially significant – they influence expectations for export revenue and the ruble exchange rate. Investors in the commodity market should meticulously analyze the evening EIA release and accompanying comments.
API Oil Inventory Report (00:30 MSK, February 11)
Already after the main trading session closes, at midnight (00:30 MSK the next day), the American Petroleum Institute (API) will release its weekly summary on oil and petroleum product inventories in the U.S. Although this data is formally published on February 11 MSK, it will still be the evening of Tuesday for the American and European markets, with immediate reactions likely to 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: storage levels fell by 11.1 million barrels over the week while analysts expected a slight increase of approximately 0.7 million. This sudden drawdown in inventories triggered a spike in oil prices, signaling high fuel demand and a bullish trend for prices. If the latest API data again show a significant reduction in inventories, it may strengthen the positions of oil "bulls" and support further price growth. Conversely, an unexpected rise in inventories (against the backdrop of a predicted decline after last week's sudden drop) could cool the market. Traders and oil investors are recommended to compare the API figures with consensus expectations: moderate changes of about ±2-3 million barrels are typically anticipated. Any greater deviation will drive volatility: continuous inventory reduction will confirm that consumption outpaces supply, whereas a reversal towards inventory buildup will signal potential demand weakening. Given the oil sector's role in the Russian economy, the nighttime API data will also be taken into account by domestic investors when opening trading the following day.
In summary, February 10 presents a rich landscape: simultaneously featuring the corporate earnings season for major companies (from the U.S. market to Europe and partly Asia), significant macroeconomic indicators from the U.S., news related to 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 tone). A diversified portfolio and understanding of key drivers will help navigate this day equipped. In an environment of rising uncertainty, a business-like demeanor in line with 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. There are many events ahead, but this particular Tuesday will provide important insights into the direction of global markets at the start of 2026.
