(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
. Thomson One users can register at RT/DAY/US. All times in ET/GMT) The much-awaited U.S. inflation reading is on the economic tap, which comes a week before the Federal Reserve's monetary policy meeting. The Labor Department's Bureau of Labor Statistics is expected to report that the country's Consumer Price Index for November edged up 0.3%, following a 0.2% rise in the previous month. In the 12 months through November, the CPI likely advanced 2.7% after increasing 2.6% in the previous 12-month period. Meanwhile, core CPI is projected to have risen 0.3% on a month-on-month basis and 3.3% annually.
Adobe is expected to report a rise in fourth-quarter revenue, owing to healthy demand for its large suite of design software as it invests into generative artificial intelligence features.
Macy's is expected to report a drop in quarterly revenue as consumers in the United States pare back spending on pricier discretionary goods. Investors will watch out for comments on traffic and shopping trends during the extended Thanksgiving weekend, as well as the company's outlook for the remainder of the year.
Bank of America Chairman and CEO Brian Moynihan and Wells Fargo CEO Charlie Scharf are scheduled to speak at the Goldman Sachs Financial Services Conference in New York City.
Exxon Mobil is scheduled to outline its aims for oil and gas production and refining through 2030 in presentations to Wall Street analysts. The top US oil company has said it wants to accelerate shale output following its acquisition of Pioneer Natural Resources and has big aims for Guyana oil production.
The Bank of Canada is expected to announce a 50-basis-point rate cut at its monetary policy meeting. The benchmark interest rate in the country is currently at 3.75%.
In Latin America, Brazilian central bank policymakers will conclude their latest monetary policy meeting and are expected to announce a rise in the Selic Interest Rate to 12% from 11.25%. Separately, the country's services sector growth data is also due, which is forecast to show a 0.7% rise in October, compared to the 1% growth recorded in September. In the 12 months through October, a 5.8% growth is expected, up from the 4% growth posted in the previous month. Meanwhile, Argentina's Consumer Price Index for November is projected to hit 2.8%, compared to an inflation reading of 2.7% in the previous month. Inflation in the 12 months through October reached 167%, easing from 193.0% recorded in the previous month.
(Reporting by Ananya Roy in Bengaluru; Editing by Vijay Kishore)
((Ananya.Roy@thomsonreuters.com;))
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