Key Economic Events and Corporate Reports for Thursday, December 11, 2025: Central Bank Decisions, IEA and OPEC Reports, U.S. Labor Market Data, and Global Corporate Earnings. A Comprehensive Review for Investors.
On Thursday, global markets will focus on the decisions of two central banks and significant reports on commodity markets. In the morning, the Swiss National Bank will announce its interest rate, followed by a key decision from the Central Bank of Turkey in the afternoon. Investors are evaluating the future monetary policy direction of these countries amid changing inflation trends. Complementing this will be the monthly oil market reports from the International Energy Agency (IEA) and OPEC, which influence expectations on the supply and demand balance for energy resources. Additionally, several major companies from the S&P 500 index and other exchanges will report quarterly results—from technology giant Broadcom to retail giant Costco—providing insights into corporate sector sentiment ahead of year-end.
Key Economic Events:
- 11:30 (Switzerland) – Swiss National Bank's Interest Rate Decision: The Swiss regulator will determine a new rate (currently around 0%), taking into account low inflation and the exchange rate of the Swiss franc. The SNB is expected to keep rates unchanged after 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 PM Moscow time, the SNB Chairman will hold a press conference to clarify the decision.
- 12:00 – IEA Monthly Oil Market Report: The International Energy Agency will publish its latest overview of supply and demand dynamics in the oil market. The IEA report includes forecasts for global demand, production (especially from non-OPEC countries), and assessments of commercial stock levels. Oil market participants will closely examine the IEA's projections for 2026 to assess whether there remains a risk of supply shortage or whether a surplus is anticipated—these conclusions could impact oil prices.
- 12:50 (UK) – Speech by the Governor of the Bank of England: Governor Andrew Bailey will deliver a speech that may include assessments of the UK economy and comments on future monetary policy. The market will be looking for hints on the regulator's next moves, particularly in the context of combating inflation and the state of the UK labor market.
- 14:00 (Turkey) – Central Bank of Turkey's Interest Rate Decision: The Turkish regulator will announce a new key interest rate. After a period of ultra-tight policy earlier in the year, the bank has shifted to easing: inflation in the country has dropped to around 33% per annum, allowing for a cautious reduction in rates (current level: 39.5%). A decline of 100–150 basis points is anticipated; however, investors will pay close attention to the CB's rhetoric regarding the sustainability of disinflation and future plans.
- 15:00 – OPEC Monthly Oil Market Report: OPEC will present its own analysis of the oil market situation for the past month, including data on production by cartel countries and demand forecasts. The OPEC report often sets the tone for expectations regarding the oil balance: should it indicate a continuing supply deficit or high demand, prices could receive support, whereas signs of oil surplus could increase pressure on quotes. Comparing OPEC's assessment with the IEA's forecast will provide a more comprehensive overview of oil market prospects.
- 16:30 (USA) – Initial Jobless Claims: The U.S. Department of Labor will release its weekly data on unemployment claims. The number remains close to multi-year lows, reflecting a resilient labor market, although there has been a slight uptick in claims in recent weeks. Any sharp changes in this indicator could affect Federal Reserve policy expectations: rising claims could weaken arguments for prolonged high rates, while consistently low figures would confirm economic strengthening.
- 18:30 (USA) – EIA Natural Gas Inventory Report: The weekly data from the U.S. Energy Information Administration will show changes in gas inventories. This information is particularly important during the peak winter season: a reduction in inventories relative to average levels will support gas prices, signaling high demand, while exceeding normal inventory levels could weaken quotes. Energy traders will consider the EIA report when evaluating the balance of gas supply in the U.S. market.
Corporate Earnings Reports:
- Before North American Markets Open: Companies setting the tone in their industries will report. Canadian fixed-price retailer Dollarama will present third-quarter results (fiscal 2026) reflecting consumer demand for everyday goods amid inflation. Additionally, the American Ciena Corporation will release its fourth-quarter report; the metrics from this telecommunications equipment provider will serve as a barometer for investment activity from telecom operators and the development of 5G networks.
- Europe: Several major companies will publish their earnings reports, representing a picture of various economic sectors in the region. Polish fashion house LPP will unveil third-quarter results, indicating consumer demand trends in Eastern Europe and the effectiveness of brand expansion. German medical technology company Carl Zeiss Meditec will report its fourth-quarter earnings; its revenue and profit dynamics will show the state of demand for high-tech medical equipment worldwide. Furthermore, airport operator Fraport will present November passenger traffic data—an indicator of the recovery of international travel and tourism.
- After U.S. Market Close: Focus will be on the technology and consumer sectors. Semiconductor giant Broadcom will publish its fourth-quarter and full-year 2025 financial results; analysts will be interested in demand for chips aimed at data centers and AI, which influences the mood across the tech sector. Concurrently, retail chain Costco Wholesale will report on sales and profits for the first quarter of the 2026 fiscal year—its metrics signal consumer spending strength in the U.S. and the effectiveness of the subscription business model. Also, premium athletic apparel brand Lululemon Athletica will release its third-quarter results for 2025, which will indicate whether high demand for fitness and yoga products remains despite competition. In addition, upscale furniture company RH (Restoration Hardware) will also present its quarterly results, serving as a marker for demand for high-end home goods.
- Russia: Aeroflot will publish its operational results for November. Investors will assess passenger traffic dynamics and flight load factors for the flagship carrier: stable growth in passenger numbers confirms recovery in the aviation market, while weak statistics could raise concerns about demand for air travel during the winter.
Commentary:
Thursday promises to be a day that could significantly adjust sentiments in financial markets. The decisions from the Swiss and Turkish central banks will set the tone in the currency market: unexpected actions or statements from the regulators will affect the exchange rates of the franc and lira, as well as yields on emerging market bonds. Simultaneously, commodity market participants will carefully analyze the IEA and OPEC reports: alignment in assessments from these organizations will bolster investor confidence, while discrepancies could heighten oil price volatility. On the corporate front, key reports in the U.S. (Broadcom, Costco, etc.) will act as a test for sentiment in the technology and consumer sectors, potentially impacting the dynamics of Wall Street indices. Investors should pay particular attention to signals from the SNB's press conference—they can influence the entire European financial landscape—as well as the tone of monthly oil reviews that define expectations for commodity assets. The combination of statistics and corporate news on this day will help gauge how confidently global markets are entering year-end amid declining inflation pressures and central banks' initial steps towards policy easing.
