What to Watch in the Day Ahead - Thursday, August 10

Canadian Tire

09/08/2023 19:30

(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 the U.S. economic tap, the consumer prices index (CPI) for July is likely to increase 0.2%,
after a similar rise in the previous month. In the 12 months through June, the CPI is expected
to increase 3.3%, after advancing 3.0% last month. Excluding the volatile food and energy
components, the CPI likely gained 0.2% in July. On a yearly basis the so-called core CPI likely
rose 4.8% in July, after advancing at a similar rate in the month before. Separately, the Labor
Department's jobless claims report is likely to show claims rising by 3,000 to 230,000 for the
week ended Aug. 5, from 227,000 the week earlier. The continued jobless claims likely increased
to 1.710 million for the week ended July 29, from 1.700 million in the prior week.

Alibaba Group Holding Ltd is expected to report a rise in first-quarter revenue tracking an
uptick in consumer spending. Among other things, investors will look for further commentary
following the group's split into six independent companies.
    
Federal Reserve Bank of Atlanta President Raphael Bostic is expected to give welcome remarks
before the "Connecting Communities: Shifting Perspectives and Expectations on Employment"
webinar hosted by the Federal Reserve Bank of Philadelphia. (1500/1900) Separately, Federal
Reserve Bank of Philadelphia President Patrick Harker is likely to speak on "Worker Voices
Project" before the "Connecting Communities: Shifting Perspectives and Expectations on
Employment" webinar hosted by the Federal Reserve Bank of Philadelphia. (1615 /2015) Meanwhile,
Federal Reserve Bank of San Francisco President Mary Daly is interviewed on Yahoo Finance.
(1100/1500)

News Corp is expected to report a decline in its fourth-quarter revenue, hurt by a weak
advertising market.

Ralph Lauren Corp is expected to post a slight decline in quarterly revenues, as demand for
high-end apparel and accessories take a knock in the United States amid inflation, high interest
rates and weakening credit conditions. Investors will be focused on the company's outlook, its
expectations for the U.S. market this year and its comments on recovery in China.

Canadian Tire Corporation is expected to post a decline in second-quarter revenue on restrained
discretionary spending from inflation-weary consumers and growing competition from online
retailers. Investors will be on the lookout for comments on supply chain and labor costs, and
trends in consumer spend.

The Bank of Mexico is scheduled to announce its decision on its benchmark interest rate. The
interest rate in expected to remain unchanged at 11.25% for the month of July.

LIVECHAT - REUTERS GLOBAL MARKETS FORUM
DEALTALK with Anirban Sen, Reuters editor in charge for U.S. M&A. (1100/1500) To join the
conversation, click here
    

 (Compiled by Kumar Satyam; Editing by Shweta Agarwal)
 ((Kumar.Satyam@thomsonreuters.com;))