What to Watch in the Day Ahead - Thursday, July 25
The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US. Thomson One users can register at RT/DAY/US. All times in ET/GMT
The U.S. Commerce Department is scheduled to publish its advance estimate of second-quarter GDP growth, which is expected to show a pick-up in activity at a 2.0% annualized rate from the January-March quarter's 1.4% pace. Separately, durable goods are expected to have gained 0.3% in June after rising 0.1% in May. Orders for durable goods, excluding transport, likely rose 0.2% in June after falling 0.1% in the month before. Meanwhile, initial claims for state unemployment benefits possibly fell to a seasonally adjusted 238,000 for the week ending July 20 from 243,000 the week before.
American Airlines is expected to report a fall in profit when it posts its second-quarter earnings. Investors will seek an update on the company's unit revenue strategy and demand trends. Separately, Southwest Airlines is also expected to post a drop in its second-quarter profit. Investors will watch for comments on Boeing deliveries, the company's response to Elliott investment management and travel demand.
U.S. Railroad operator Union Pacific is expected to report a second-quarter profit above Wall Street estimates as price hikes implemented by the U.S. railroad operator partly offset freight volume declines, particularly in coal.
When AbbVie reports its second-quarter earnings, investors are expected to focus on the sales erosion of the company's drug, Humira, due to competition from biosimilars and sales of its drugs, Rinvoq and Skyrizi.
Royal Caribbean Group is expected to post a rise in second-quarter revenue on robust cruising demand and higher prices. Investors will watch out for comments on costs and occupancy levels for the rest of the year.
Refiner Valero Energy is expected to report a decline in second-quarter earnings compared to last year, hurt by weaker margins. Investors will be looking forward to any commentary about the impact of the TMX pipeline on distillate and gasoline demand.
Toymaker Hasbro is expected to post a drop in second-quarter revenue, hurt by a volume decline in its Consumer Products segment and slowing growth in its "Monopoly Go!" mobile gaming revenue. Investors will look out for comments on recovery in toy demand, upcoming releases, and cost-saving measures.
Digital Realty Trust is expected to post higher second-quarter revenue, which will likely be driven by strong demand for its data center services.
Keurig Dr Pepper is expected to post a rise in second-quarter revenue, mainly driven by steady demand for its sodas in the United States. Investors will look out for comments about the health of the country's consumers, the impact of weight loss drugs, if any, and new product innovations.
Canada's Loblaw is expected to post a rise in second-quarter revenue, helped by strong demand for groceries and other essentials.
Deckers Outdoor is expected to post a rise in first-quarter revenue, benefiting from steady demand for its premium UGG boots and Hoka sneakers. Investors will eye comments on consumer demand trends and any update on the full-year forecasts.
Farming supplies retailer Tractor Supply is expected to post a rise in second-quarter revenue, helped by steady demand for discretionary and agricultural products. Investors will look for comments on demand, pricing action, and annual forecasts.
Juniper Networks is expected to post a lower second-quarter revenue, hurt by weak spending by its cloud computing and enterprise clients in an uncertain economy.
Home-building products maker Masco is expected to post a decline in second-quarter revenue, owing to weaker demand for its high-priced plumbing and home decor items. Investors will look for comments on demand, pricing action and annual forecasts.
In Latin America, Brazil's statistics agency is slated to report mid-July inflation, as measured by the IPCA-15 index, which likely rose 0.23%, easing from 0.39% registered a month earlier. The country's annual inflation is estimated to have increased by 4.38% in mid-July, compared to 4.06% in the previous period. Separately, the country's central bank is expected to post a current account deficit of $3 billion for June, compared to a $3.4 billion deficit posted in May. Foreign direct investment is forecast to have risen $3.3 billion in June, up from $3 billion reported in the month before.
LIVECHAT – REUTERS GLOBAL MARKETS FORUM
Stefan Gerlach, chief economist at EFG Bank in Zurich and former Deputy Governor of the Central Bank of Ireland, discusses his outlook for ECB's monetary policy path. (0430/0830) To join the conversation, email us here
Reporting by Ananya Roy in Bengaluru; Editing by Tasim Zahid
Actifs liés
Dernières actualités
Avertissement : Les entités de XM Group proposent à notre plateforme de trading en ligne un service d'exécution uniquement, autorisant une personne à consulter et/ou à utiliser le contenu disponible sur ou via le site internet, qui n'a pas pour but de modifier ou d'élargir cette situation. De tels accès et utilisation sont toujours soumis aux : (i) Conditions générales ; (ii) Avertissements sur les risques et (iii) Avertissement complet. Un tel contenu n'est par conséquent fourni que pour information générale. En particulier, sachez que les contenus de notre plateforme de trading en ligne ne sont ni une sollicitation ni une offre de participation à toute transaction sur les marchés financiers. Le trading sur les marchés financiers implique un niveau significatif de risques pour votre capital.
Tout le matériel publié dans notre Centre de trading en ligne est destiné à des fins de formation / d'information uniquement et ne contient pas – et ne doit pas être considéré comme contenant – des conseils et recommandations en matière de finance, de fiscalité des investissements ou de trading, ou un enregistrement de nos prix de trading ou une offre, une sollicitation, une transaction à propos de tout instrument financier ou bien des promotions financières non sollicitées à votre égard.
Tout contenu tiers, de même que le contenu préparé par XM, tels que les opinions, actualités, études, analyses, prix, autres informations ou liens vers des sites tiers contenus sur ce site internet sont fournis "tels quels", comme commentaires généraux sur le marché et ne constituent pas des conseils en investissement. Dans la mesure où tout contenu est considéré comme de la recherche en investissement, vous devez noter et accepter que le contenu n'a pas été conçu ni préparé conformément aux exigences légales visant à promouvoir l'indépendance de la recherche en investissement et, en tant que tel, il serait considéré comme une communication marketing selon les lois et réglementations applicables. Veuillez vous assurer que vous avez lu et compris notre Avis sur la recherche en investissement non indépendante et notre avertissement sur les risques concernant les informations susdites, qui peuvent consultés ici.
