What to Watch in the Day Ahead - Wednesday, September 25

Cintas

24/09/2024 19:47

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Federal Reserve Board Governor Adriana Kugler is scheduled to speak on the economic outlook
before an event hosted by Harvard Kennedy School in Cambridge, Massachusetts. (1600/2000)

On the U.S. economic calendar, the Commerce Department's Census Bureau is due to report that new
home sales probably eased to a seasonally adjusted annual rate of 700,000 units in August, from
739,000 units in July. 
Meta is set to host its annual Connect conference at its headquarters in Menlo Park, where it is
expected to preview its first "true" augmented reality glasses and announce updates to its
existing virtual reality and AI products. The social media giant is also likely to tease the
third generation of its Ray-Ban Meta smart glasses, slated to include a viewfinder that can
display basic text and images, and to outline the longer-term vision for its recently extended
partnership with Ray-Ban maker EssilorLuxottica.
    
At New York Climate Week, Celine Herweijer, climate scientist and NASA Fellow, and Martin
Richards, president of HSBC Ventures, are scheduled to speak with Reuters Sustainable Finance
Editor Simon Jessop about the challenge of providing 'transition' finance to companies, the
outlook for climate tech and potential hot investments in the months ahead.
    
Bank of America Chief Financial Officer Alastair Borthwick and Deutsche Bank CFO James von
Moltke are due to speak at the BofA Securities Annual Financials CEO Conference in London.
    
Uniform rental firm Cintas Corp is expected to post a rise in first-quarter sales, helped by
sustained demand for its high-priced uniforms. Investors will look out for comments on demand,
impact of energy expenses, pricing actions and annual forecasts.
    
In Latin America, Brazil's statistics agency IBGE is due to report that consumer price
inflation, as measured by the IPCA-15 index, likely rose 0.3% in the month to mid-September,
after rising 0.19% in August. The annual consumer prices are expected to increase 4.30% in the
first half of September, after rising 4.35% in August. Additionally, the country's current
account deficit probably widened to $5.250 billion last month, following a $5.200 billion
deficit in July. Meanwhile, foreign direct investment likely reached $7.5 billion in August.
Separately, Argentina's statistics agency INDEC is slated to show that economic activity likely
fell 3.9% in July from a year earlier. 
    
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 (Compiled by Lactus Fernandes in Bengaluru; Editing by Vijay Kishore)
 ((Lactus.Fernandes@thomsonreuters.com;))