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
On the U.S. economic front, the country's wholesale inventory data for the month of October is due for release.
Bitcoin MENA conference is set to take place in Abu Dhabi bringing together individuals from the industry. Featured speakers include U.S. President-elect Donald Trump's son Eric Trump, the Trump Administration Special Envoy to the Middle East Steve Witkoff, and SkyBridge Capital's founder and managing partner Anthony Scaramucci.
An interview with Binance CEO Richard Teng is also scheduled on the sidelines of the Abu Dhabi Finance Week Investment Conference being held in the UAE capital. The finance week will conclude on Thursday.
In Latin America, Mexico's inflation readings for November will be released alongside producer prices index data for last month.
REST OF THE WEEK
The November inflation reading and producer prices are the most-watched U.S. economic data due in the week, which will be keenly studied by the Federal Reserve policymakers ahead of their monetary policy meeting on December 17 and 18. On Wednesday, the Labor Department's Bureau of Labor Statistics is expected to report that the country's Consumer Price Index for November edged up 0.2%, following a similar rise in the previous month. In the 12 months through November, the CPI 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. In another report on Thursday, the department is set to report that the Producer Price Index for final demand likely gained 0.3% last month. In the 12 months through November, the PPI gained 2.6%, after advancing 2.4% in the previous period. The same day, the Labor Department is expected to report weekly jobless claims likely decreased to 220,000 in the week ending December 7, from 224,000 in the previous week. On Friday, a report from the Labor Department's Bureau of Labor Statistics is expected to show import prices dipped 0.2% last month after rising 0.3% in October.
On Tuesday, Boeing is due to report November deliveries as the U.S. planemaker struggles to revive production of its strongest-selling 737 MAX jet after a weeks-long strike that ended last month.
A two-day REUTERS NEXT event is scheduled, beginning Tuesday, where Reuters journalists will speak to global policymakers, business leaders and forward thinkers across six main themes, namely Geopolitics, Economy & Markets, Banking & Finance, Technology & AI, Climate & Sustainability, and Leadership through Change. Among the speakers are Spain Foreign Minister José Manuel Albares Bueno, Alphabet President & Chief Investment Officer Ruth Porat, Goldman Sachs Chief Executive Officer David Solomon, Sweden Finance Minister Elisabeth Svantesson, Ferrari Chief Executive Officer Benedetto Vigna, OpenAI Chief Financial Officer Sarah Friar, Lazard Chief Executive Officer Peter Orszag, New York Stock Exchange President Lynn Martin and BNY Mellon Chief Executive Officer Robin Vince.
Bank of America Chairman and CEO Brian Moynihan is due to speak at the Goldman Sachs Financial Services Conference to be held on Wednesday in New York City.
Exxon Mobil, on Wednesday, will outline its aims for oil and gas production and refining through 2030 in presentations to Wall Street analysts. The U.S. 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 Canadian central bank will announce its monetary policy decision on Wednesday. Meanwhile, Statistics Canada is due to release building permit figures for October on Thursday, and on Friday, it will release third-quarter capacity utilization number, manufacturing sales and wholesale trade data for October.
On Latin America's economic tap, Brazil's central bank is due to announce the Selic interest rate on Wednesday, where policymakers are expected to hike the country's benchmark interest rate to 12% from 11.25%. The country's IPCA inflation data for November is due on Tuesday, services sector growth data on Wednesday, October retail sales is expected on Thursday and IBC-BR economic activity numbers on Friday. Separately in Argentina, the country's inflation reading will be released on Wednesday. In Mexico, industrial output data is scheduled for release on Thursday. Peru's central bank is set to announce its December interest rate decision on Thursday.
(Reporting by Ananya Roy in Bengaluru; Editing by Vijay Kishore)
((Ananya.Roy@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.