What to Watch in the Day Ahead - Friday, February 9

Catalent

08/02/2024 19:30

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PepsiCo is expected to post a rise in fourth-quarter revenue, helped by resilient demand for its
sodas and snacks at a time when customers have largely cut back on pricier items. Investors will
look out for volume growth, comments on pricing actions and any disruption to business due to
the conflict in the Middle East.

Catalent, which helps manufacture Novo Nordisk's popular weight-loss drug Wegovy, is set to
release its second-quarter results before markets open. Investors will focus on any updates on
its annual outlook, its quarterly performance as well as how the contract manufacturer is
preparing for future bookings amid surging demand for newer weight-loss drugs.

Federal Reserve Bank of Dallas President Lorie Logan is scheduled to participate in a moderated
question-and-answer session before the 14th Annual Tarrant County Transportation Summit, in
Hurst, Texas. (1330/1830)

Statistics Canada is likely to indicate that the country's economy added 15,000 net jobs in
January, compared to just 100 jobs in the previous month. The unemployment rate likely increased
to 5.9% in January, from 5.8% in the previous month.

Mexico's national statistics agency is set to report industrial output likely fell 0.1% in
December after a 1.0% fall in November. On a year-on-year basis, it is expected to rise 2.0%.
Separately, Brazil's statistics agency IBGE is expected to show service sector likely grew 0.7%
in December, after rising 0.4% in the previous month. On a yearly basis, services activity in
the country likely shrank 1.7%. 

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 (Compiled by Shreya Sabharwal in Bengaluru; Edited by Shilpi Majumdar)
 ((Shreya.Sabharwal@thomsonreuters.com))