Key Economic Events and Corporate Earnings 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, quarterly earnings reports from U.S. companies across several sectors will be released. Investors will pay close attention to giants in the consumer and technology sectors. Coca-Cola (KO) will present results that will serve as a barometer for global consumer demand in the beverage market. Also reporting will be pharmaceutical giant Gilead Sciences (GILD) and a range of tech companies, including the music streaming service Spotify (SPOT), cloud platform Cloudflare (NET), and data analysis software developer Datadog (DDOG). These corporate earnings are essential for assessing the health of the U.S. market, as investors will examine how these companies are coping with rising costs and changing demand. Additionally, Ford Motor (F) will release its financial results, serving as an indicator of the state of the automotive market and demand for electric vehicles, along with financial-tech company Upstart (UPST), online broker Robinhood (HOOD), and taxi service Lyft (LYFT) – their reports will signal consumer and investor sentiment in their respective industries. 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 providing a broad coverage of sectors ranging from healthcare and finance to technology and real estate. The simultaneous release of numerous corporate earnings can lead to increased volatility; strong results may bolster stocks and the U.S. market index, while weak reports could dampen investor risk appetite.
Europe: Earnings from AstraZeneca, Ferrari, BP, and Others
In Europe, several corporate publications are also expected on February 10. 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 $2.4 earnings per share, and the investment community will assess the resilience of demand for luxury goods despite global volatility. Attention will also be on British oil and gas giant BP, publishing its report amid fluctuations in oil prices. Earlier, experts noted that according to EIA forecasts, an oversupply in the oil market could lead to price reductions in 2026, so investors will closely examine how this has affected BP's earnings. Additionally, various European banks and medium-sized industrial firms will also report. Together, the corporate earnings from European companies will allow for an assessment of the state of the European economy and provide signals for the European stock market. If the results from these companies exceed expectations, it will support European markets; conversely, disappointments may increase caution on EU exchanges.
Asian Markets: Pause in Earnings Season
In Asia, no comparable scale earnings reports are expected on Tuesday – most major Asian corporations have already reported earlier or will release results later in the week. For example, Japanese automaker Toyota announced strong quarterly results last week and raised its annual profit forecast by approximately 12% due to a weak yen and a cost-cutting program. Investors in Asia are currently digesting the already released earnings and preparing for upcoming events, such as the results from SoftBank Group (expected on February 12) and Chinese tech giants like Alibaba (scheduled for late February). As a result, Asian markets on February 10 will primarily follow external trends. The absence of major local reports means that macroeconomic news from the U.S. and Europe, as well as global trends (such as oil dynamics), may have an amplified influence on investor sentiment in Asia on that day.
Russian Market: Focus on External Signals
The Russian market has not yet entered an active phase of the corporate earnings season – major annual financial reports from Russian companies are expected closer to the end of February and March. As of February 10, there are no scheduled quarterly earnings releases among the largest Russian issuers. Thus, the Russian market will largely be influenced by external factors on this day – primarily global macroeconomics and sentiments of global investors. The dynamics of oil prices and other commodities will be key drivers for Russian stocks and the ruble exchange rate. CIS investors traditionally pay close attention to developments in the U.S., European, and Asian markets to assess risks and prospects for their own investments. Therefore, U.S. macro data and the overall tone of corporate earnings globally on February 10 could set direction for domestic stock indices.
JD Vance's Visit to Armenia and Azerbaijan
From February 9 to 11, geopolitical attention will be on 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 (the so-called "Trump Route"), including pipelines, power lines, and rail connections. For investors, this is an important event as the stability in the Caucasus region affects the reliability of energy resource and commodity supplies. If Vance's visit leads to progress in agreements, markets are likely to respond positively to a reduction in geopolitical tensions. However, any escalation around negotiations will be viewed as a risk factor. Companies in the oil and gas sector and the 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 of Armenian and Azerbaijani leaders to evaluate 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. ADP data is published at 16:15 MSK and serves as a leading signal ahead of official employment statistics. Last month, the ADP report for January showed an increase of only 22,000 jobs, significantly below analysts' expectations. This confirmed the trend of a hiring slowdown: in comparison, the increase in December 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 weakness in the labor market within the new figures. U.S. macroeconomics is currently in focus – a slowdown in hiring could increase expectations for a more dovish Fed policy, benefiting the stock market. Conversely, an unexpectedly strong job gain in the ADP report could lift bond yields and intensify discussions about a tight monetary policy. Economists' expectations are moderate: the consensus for the private sector is an increase of around 0-50 thousand jobs, indicating a rather sluggish labor market. Russian-speaking investors investing in U.S. stocks should keep in mind that any surprises in the ADP report may trigger swift 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, at 16:30 MSK, the long-awaited retail sales statistics for the U.S. in December will be released. This report was delayed due to a temporary government shutdown in January, so it is being published now and will attract 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% rise in November. This rate indicates a strong finish to the year; despite high rates and inflation, American consumers continued to spend, especially on Cyber Monday and Christmas shopping. A significant aspect will be the core figure (sales excluding automobiles) and the so-called control group of sales, which impact GDP calculations – the forecast for them is also around +0.4-0.5%. If the actual data exceeds expectations, it will reaffirm the strength of the U.S. consumer sector and may support retail stock prices and indices. However, weak figures (for example, zero growth or decline) may raise concerns about an economic slowdown. For CIS investors, the U.S. retail sector serves as an indicator of global demand: good news can enhance sentiment in European and Asian stock markets, while negative news will affect global risk appetite.
U.S. Energy Department Oil Market Forecast (20:00 MSK)
Near the evening, the EIA's monthly Short-Term Energy Outlook will be released at 20:00 MSK. This report contains updated projections for the global balance of oil demand and supply, inventory levels, and prices for the coming months. In the previous edition, the EIA indicated an emerging oversupply in the market: estimates suggested that global oil inventories could grow by an average of +2.2 million barrels per day in 2026, which would exert downward pressure on prices. The new forecast will show how recent events – such as OPEC+ actions or the Chinese economy – have affected expectations for production and consumption. It is critically important for investors what scenario the U.S. Department of Energy will present: if the forecast indicates tighter market conditions (lower inventories or increased demand), it could give a boost for rising oil prices. However, in the baseline scenario, EIA analysts still foresee relatively low prices: according to their November estimates, the average price of Brent oil in 2026 was expected to be around $55 per barrel, below the average level of 2025. Any change in this figure in the February forecast (upward or downward) will have an immediate impact on oil quotes. For the Russian energy market, these forecasts are particularly significant – they affect expectations regarding export revenues and the ruble exchange rate. Investors in the commodity market should carefully analyze the evening EIA release and accompanying commentary.
API Oil Inventory Report (00:30 MSK, February 11)
Already after the closure of the main session, at midnight (00:30 MSK the next day), the American Petroleum Institute (API) will release its weekly oil and petroleum products inventory summary for the U.S. Although this data is formally published on February 11 MSK, for the American and European markets, it still represents the evening of Tuesday, and reactions may follow immediately. 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 decreased by 11.1 million barrels over the week, while analysts expected a slight increase of around 0.7 million. This sudden inventory outflow triggered a spike in oil quotes, signaling high fuel demand and a bullish trend for prices. If the fresh API data again show a significant reduction in inventories, it could strengthen the positions of oil "bulls" and support further price growth. Conversely, an unexpected increase in inventories (against the backdrop of a forecasted decline after the previous drawdown) could cool the market. Traders and oil investors are advised to compare API figures with the consensus: a moderate change of around ±2-3 million barrels is generally expected. Any larger deviation will act as a driver of volatility: thus, a continued reduction in inventories will confirm that consumption outpaces supply, while a shift towards building inventories will signal possible weakening demand. Given the importance of the oil sector to the Russian economy, the night’s API data will also be considered by domestic investors when opening trades the next day.
Overall, February 10 presents a comprehensive picture: there is both the earnings season of major corporations (from the American market to Europe and partially Asia) and important macroeconomic indicators from the U.S., along with oil news and geopolitical events. CIS investors should remain vigilant, evenly distributing their attention between corporate reports (which influence individual stocks and sectors) and macroeconomics (which sets the overall backdrop). A diversified portfolio and understanding of key drivers will help meet this day well-positioned. In an environment of growing uncertainty, a business approach akin to that of Bloomberg and Financial Times analysts – that is, relying on facts, forecasts, and cautious optimism – will enable one to navigate the day’s turbulence and capitalize on emerging opportunities. Many events lie ahead, but this Tuesday will provide crucial hints about the direction of global markets at the beginning of 2026.
