What to Watch in the Day Ahead - Thursday, November 14

Reuters
2024-11-14
What to Watch in the Day Ahead - Thursday, November 14

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Fed Chair Jerome Powell 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) Separately, Federal Reserve Board Governor Adriana Kugler is expected to speak 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 a fireside chat before the Real Estate Roundtable (0900/1400) Meanwhile, NY Fed President John Williams is expected to give a keynote before the "Intermediating Impact: Making Missing Markets" event hosted by the Federal Reserve Bank of New York. (1645/2145)

Walt Disney is expected to report a rise in fourth-quarter revenue helped by strong subscriber additions from its streaming platform.

From the economic front, the U.S. Labor Department's Bureau of Labor Statistics will release producer price index $(PPI)$ figures for the country. Annually, the PPI is expected to have risen 2.3% in the month of October after rising 1.8% in the previous month. PPI for October is expected to rise 0.2% on a monthly basis. Core PPI is expected to have increased 3.0% annually, after increasing 2.8% last month. Month-on-month core PPI might have risen 0.3% in October after a 0.2% jump in September. Separately, the department will also show that the initial claims for state unemployment benefits for the week ending November 9 probably climbed to 223,000 from 221,000 in the week before. Additionally, continued jobless claims for the week ended November 2 are likely to have risen to 1.880 mln from 1.892 mln.

JD.com is expected to post a jump in third-quarter revenue 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.

Applied Materials is expected to report higher fourth-quarter revenue, helped by growing demand for chipmaking equipment as customers are investing in AI-powered chips.

From the Latin American economic front, the Bank of Mexico is expected to lower its key interest rate by 25 bps to 10.25% as inflation slows. Separately, Brazil's IBC-Br economic activity figures for September is expected to have increased 0.50% after rising 0.20% in August.

(Compiled by Ashitha Salus in Bengaluru; Editing by Vijay Kishore)

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