What to Watch in the Week Ahead and on Monday, November 11
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
ON MONDAY
Live Nation is expected to report a fall in third-quarter revenue, as high-ticket prices for concerts and other events discouraged consumers concerned about inflation.
On the Latin American radar, Mexico's national statistics agency is scheduled to release its industrial output figures for September.
REST OF THE WEEK
Federal Reserve Chair Jerome Powell, on Thursday, is scheduled to speak on the economic outlook in a conversation before an event hosted by the Dallas Regional Chamber, World Affairs Council of DFW and the Federal Reserve Bank of Dallas. (1500/2000) On the same day, Federal Reserve Board Governor Adriana Kugler speaks on "Central Bank Independence and Economic Outlook" before the Latin American and Caribbean Economic Association (LACEA) and the Latin American Chapter of the Econometric Society 2024 Meeting. (0700/1200) Additionally, Richmond Fed President Thomas Barkin is scheduled to speak on the economy in fireside chat before the Real Estate Roundtable. (0915/1415) Separately, New York Fed President John Williams is likely to give the keynote before the "Intermediating Impact: Making Missing Markets" event hosted by the Federal Reserve Bank of New York. (1615/2115)
Walt Disney is expected to report rise in fourth-quarter revenue on Thursday, helped by strong subscriber additions from its streaming platform.
On the economic radar, the Labor Department's Bureau of Labor Statistics is scheduled to release consumer inflation figures on Wednesday, with the consumer price index expected to have increased 0.2% in October after gaining 0.2% in September. In the 12 months through October, the CPI is likely to have climbed 2.6%, following a 2.4% advance in the month before. Meanwhile, the so-called core CPI is set to have recorded a similar 0.3% rise as well. On an annual basis, the core CPI is likely to have nudged higher at 3.3%, after a similar rise in September. On Thursday, initial jobless claims for the week ended November 9 is likely to have increased to 224,000 claims from 221,000 claims in the week before. Meanwhile, producer prices for October, due on the same day, is likely to have risen 0.2% after being flat in the month before. The producer prices, on a yearly basis, is set to have risen 2.3% in October, following a 1.8% jump in September. Additionally, The Commerce Department's Census Bureau, on Friday, is scheduled to release retail sales figures for October. The report is likely to show retail sales rising 0.3% last month after an 0.4% gain in September. Meanwhile, the National Federation of Independent Business's National Optimism Index for October is due on Tuesday.
Home improvement retailer Home Depot is expected to post a rise in third-quarter revenue on Tuesday, helped by a strong pro-business, which includes general contractor shops, maintenance and repair suppliers. Investors will focus on any comments on hurricane-driven demand, and margins benefits from lower transportation costs as well as lower shrink rates. Meanwhile, Canadian retailer Loblaw Companies is expected to post a rise in third-quarter revenue on Wednesday, aided by demand for its essential goods including grocery and pharmaceutical offerings. Investors will look out for comments on promotional activities, cost-cutting initiatives and annual outlook updates.
Alibaba is expected to report a rise in quarterly revenue on Friday, as deep discounts help the e-commerce giant lure more shoppers at a time when Chinese consumers have become increasingly frugal due to the country's economic woes. Investors will be watching for the company's comments on the Singles Day shopping event, competition and overall consumer behaviour. Meanwhile, China's JD.com is expected to post a jump in quarterly revenue on Thursday, as the e-commerce retailer doles out discounts on its platform to attract consumers, who have been spending cautiously due to economic uncertainties. The company's commentary on competitive pressure, consumer health and outlook for Singles Day sales will be on top of mind for investors.
On Tuesday, Federal Reserve Board Governor Christopher Waller is expected to speak on "Payments" before the Clearing House Annual Conference. (1000/1500) Additionally, Richmond Fed President Thomas Barkin speaks before the Baltimore Together Summit. (1015/1515) Barkin is also expected to speak before Salisbury-Wicomico Economic Development. (1730/2230). Separately, Minneapolis Fed President Neel Kashkari is scheduled to participate in "The Fed's New Focus" moderated conversation before the Yahoo Finance Invest 2024 "New Challenges, New Opportunities" conference. (1400/1900) Also, Philadelphia Fed President Patrick Harker speaks on "Fintech, AI and the Changing Financial Landscape" before the Carnegie Mellon University Lecture Series. (1700/2200) On Wednesday, Dallas Fed President Lorie Logan gives opening remarks before the hybrid "Energy and the Economy: Meeting Rising Energy Demand" Conference hosted by the Federal Reserve Banks of Dallas and Kansas City, (0945/1445) Meanwhile, St. Louis Fed President Alberto Musalem is likely to speak on the U.S. economy and monetary policy before the Economic Club of Memphis. (1300/1800) Also, Kansas City Fed President Jeffrey Schmid gives luncheon keynote before hybrid "Energy and the Economy: Meeting Rising Energy Demand" Conference hosted by the Federal Reserve Banks of Dallas and Kansas City. (1330/1830)
Cisco Systems is expected to report a fall in first-quarter revenue as it grapples with slowing orders for its networking equipment amid stiff competition in the cybersecurity arena.
Meat packer Tyson Foods is expected to post a slight rise in fourth-quarter revenue on Tuesday, helped by resilient demand for its meat products including beef, pork and chicken. Investors will look out for comments on the alignment of meat supply with consumer demand, and the annual outlook.
U.S.-based oil and gas firm Occidental Petroleum is expected to report a fall in third-quarter profit on Tuesday, compared to the same period a year earlier on a lower oil price environment. Investors will focus on the production updates for oil and gas output amid concerns around slowing oil demand growth. On the same day, integrated oil and gas firm Suncor Energy is expected to report a fall in third-quarter profit, hurt by lower prices. Investors and analysts will look out for comments on full-year growth expectation.
Roger Federer-backed On is expected to post a rise in third-quarter revenue on Tuesday, driven by strong demand for its apparel and new running shoes such as Cloudboom Strike LS and Clouldtilt. Investors will look out for any comments on China tariff impose, supply chain details and opening of new distribution center.
Piedmont Lithium, on Tuesday, is expected to post a loss compared to its earnings year ago during the same period as the lithium miner contends with falling prices of the material used in electric vehicles. Investors will watch out for forecasts on the larger lithium market and its flagship North Carolina project.
Applied Materials is expected to report a rise in the fourth-quarter revenue as it benefits from strong demand for sophisticated equipment used to make AI-powered chips.
Boeing, on Tuesday, is expected to report slumping plane deliveries in October after a weeks' long strike that ended on November 5 weighed on output of most of the U.S. planemaker's commercial jets.
Novavax is scheduled to report its third-quarter earnings on Tuesday. Investor focus will likely be on demand for its protein-based COVID vaccine as well as management commentary on the clinical hold on the company's COVID-influenza combination vaccine trials.
Instacart, formally known as Maplebear, is expected to post a jump in third-quarter revenue on Tuesday, helped by higher transaction and advertising fee, as well as robust demand for orders on its online grocery delivery platform.
On the Canadian front, manufacturing sales for September, due on Friday, is expected to show a 0.8% drop after a fall of 1.3% in the month before. On the same day, wholesale trade is expected to show a 0.9% rise in September after 0.6% fall in August. On Tuesday, the country's building permits for September is also due.
On the Latin American front, Mexico's central bank on Thursday, is scheduled to announce its interest rate decision following its November meeting. Meanwhile, Argentina, on Tuesday, is scheduled to release its consumer inflation figures, with data expected to show consumer prices slowing slightly to 2.9% from 3.5%. Separately, Brazil's retail sales data is due on the same day.
Compiled by Archak Sengupta in Bengaluru; Editing by Vijay Kishore
면책조항: XM Group 회사는 체결 전용 서비스와 온라인 거래 플랫폼에 대한 접근을 제공하여, 개인이 웹사이트에서 또는 웹사이트를 통해 이용 가능한 콘텐츠를 보거나 사용할 수 있도록 허용합니다. 이에 대해 변경하거나 확장할 의도는 없습니다. 이러한 접근 및 사용에는 다음 사항이 항상 적용됩니다: (i) 이용 약관, (ii) 위험 경고, (iii) 완전 면책조항. 따라서, 이러한 콘텐츠는 일반적인 정보에 불과합니다. 특히, 온라인 거래 플랫폼의 콘텐츠는 금융 시장에서의 거래에 대한 권유나 제안이 아닙니다. 금융 시장에서의 거래는 자본에 상당한 위험을 수반합니다.
온라인 거래 플랫폼에 공개된 모든 자료는 교육/정보 목적으로만 제공되며, 금융, 투자세 또는 거래 조언 및 권고, 거래 가격 기록, 금융 상품 또는 원치 않는 금융 프로모션의 거래 제안 또는 권유를 포함하지 않으며, 포함해서도 안됩니다.
이 웹사이트에 포함된 모든 의견, 뉴스, 리서치, 분석, 가격, 기타 정보 또는 제3자 사이트에 대한 링크와 같이 XM이 준비하는 콘텐츠 뿐만 아니라, 제3자 콘텐츠는 일반 시장 논평으로서 "현재" 기준으로 제공되며, 투자 조언으로 여겨지지 않습니다. 모든 콘텐츠가 투자 리서치로 해석되는 경우, 투자 리서치의 독립성을 촉진하기 위해 고안된 법적 요건에 따라 콘텐츠가 의도되지 않았으며, 준비되지 않았다는 점을 인지하고 동의해야 합니다. 따라서, 관련 법률 및 규정에 따른 마케팅 커뮤니케이션이라고 간주됩니다. 여기에서 접근할 수 있는 앞서 언급한 정보에 대한 비독립 투자 리서치 및 위험 경고 알림을 읽고, 이해하시기 바랍니다.
