What to Watch in the Day Ahead - Wednesday, November 20
Corrects the Livechat-Reuters Global Markets Forum blurb
Nvidia is set to announce its third-quarter results, with analysts anticipating a significant increase in revenue for the AI chip leader. Investors will watch out for signs of sales from Nvidia's latest Blackwell processors, as well as demand for AI chips from hyperscale companies.
Big-box retailer Target is also expected to report a rise in third-quarter revenue. The market is interested in hearing the retailer's plans for the holiday shopping season, as well as insights into consumer health and spending trends following the U.S. presidential election.
Federal Reserve Vice Chair for Supervision, Michael Barr, is scheduled to testify on the oversight of prudential regulators before the House Financial Services Committee. (1000/1500) Additionally, Federal Reserve Board Governor Lisa Cook is expected to speak about the economic outlook and monetary policy at the "UVA Economics Presents" event at the University of Virginia. (1100/1600) Meanwhile, Federal Reserve Board Governor Michelle Bowman will present on "Approach to Agency Policymaking" at the Forum Club of the Palm Beaches. (1215/1715) Separately, Federal Reserve Bank of Boston President Susan Collins is set to deliver remarks and participate in a discussion about monetary policy, the scope of the Federal Reserve's work and her career path at an event hosted by the Gerald R. Ford School of Public Policy at the University of Michigan. (1600 /2100)
Off-price retailer TJX Companies is expected to report a rise in third-quarter revenue, helped by strong demand for its discounted offerings, especially as the holiday season sales have started. Investors will look out for comments on annual forecasts, cost-saving efforts and holiday sales boosts, including on higher-margin discretionary goods.
Data cloud analytics firm Snowflake is expected to report a sharp rise in third-quarter revenue as its artificial intelligence-powered cloud platform attracts higher customer spending looking to streamline their data.
Cybersecurity company Palo Alto Networks is expected to report a rise in first-quarter revenue as more enterprises take to its security services amid a surge in digital threats.
In Latin America, Argentina's trade surplus is expected to have widened to $1,137 million in October, from $981 million.
LIVECHAT – REUTERS GLOBAL MARKETS FORUM
Thomas Hoenig, former president of the Federal Reserve Bank of Kansas City, will discuss potential regulatory rollbacks under the Trump administration, the resulting risks to market stability, and the Fed's role in safeguarding financial stability amid concerns over its independence in a politically charged environment. To join the conversation at 1100/1600, email us here
(Compiled by Archak Sengupta in Bengaluru; Edited by Shilpi Majumdar)
</body></html>Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
