What to Watch in the Day Ahead - Tuesday, January 7

Reuters
01-07
What to Watch in the Day Ahead - Tuesday, January 7

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On the U.S. economic front, the Labor Department's Job Openings and Labor Turnover Survey is expected to show 7.7 million job openings in November, down from 7.744 million in October. Separately, the Institute of Supply Management's non-manufacturing PMI for December is projected to show a reading of 53.3, compared to a reading of 52.1 for November. Additionally, the U.S. Commerce Department is expected to report that the country's international trade deficit widened to $78 billion in November from $73.8 billion in October.

Federal Reserve Bank of Richmond President Thomas Barkin is scheduled to speak before the Greater Raleigh Chamber Economic Forecast: Launch 2025. (0800/1300)

Exxon Mobil is set to release a snapshot of changes in oil and gas prices, refining and chemical margins that affected its businesses in the fourth quarter, comparing changes during the period to operating results in the prior quarter.

Hess Corp CEO John Hess will address the Goldman Sachs Energy, CleanTech and Utilities Conference in Miami.

On the Canadian economic calendar, the country's trade deficit is projected to have narrowed to C$900 million in November from C$920 million in October. Separately, the Ivey PMI data is due, which could give clues on the country's economic activity in December.

In Latin America, Brazil's inflation, as measured by the IGP-DI price index, is expected to have increased by 0.75% in December, following a 1.18% rise in the previous month. Separately, December consumer prices in Sao Paulo, as indicated by the IPC-FIPE index and seen as an early gauge of Brazil's inflation index, is also set to be released. Meanwhile, the country's November PPI figures are also due for release. Chile's trade balance numbers are also on tap.

(Compiled by Shreya Sabharwal in Bengaluru; Editing by Vijay Kishore)

((Shreya.Sabharwal@thomsonreuters.com;))

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