What to Watch in the Day Ahead - Thursday, January 18
17/01/2024 19:35
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The U.S. Labor Department's weekly report is expected to show initial claims for state
unemployment benefits likely rose 5,000 to a seasonally adjusted 207,000 for the week ended Jan.
13. Meanwhile, continued jobless claims for the week ended Jan. 6 are expected to be at 1.845
million. In a report from the U.S. Commerce Department, overall building permits are expected to
rise to 1.480 million units in December from 1.467 million units in the prior month. Meanwhile,
housing starts numbers are likely to drop to 1.426 million units in December from 1.560 million
units in November.
Federal Reserve Bank of Atlanta President Raphael Bostic is scheduled to give brief remarks on
the economic outlook before the Metro Atlanta Chamber board of directors meeting. (0730/1230)
Separately, Bostic will also speak on the 2024 economic outlook before the Atlanta Business
Chronicle 2024 Economic Outlook lunch. (1205/1705)
KeyCorp is expected to report a fall in fourth-quarter profit, hurt by a drop in the income
charged off interest payments.
Truist Financial is also expected to join rival banks in posting smaller fourth-quarter profits
as higher funding costs weigh on interest income.
Northern Trust is expected to post a rise in fourth-quarter profit, benefiting from an increase
in its fee-based income.
Paints and coatings maker PPG Industries is expected to report a rise in fourth-quarter profit,
helped by higher demand for its industrial coatings boosted by growth of automotive sales and
manufacturing in the quarter. Investors and analysts will look out for comments on full-year
growth expectations.
Argentina's trade data for December will be on the radar. The country's trade balance will
likely expand to a surplus of 536 million in December from a deficit of 615 million in the month
before.
LIVECHAT – REUTERS GLOBAL MARKETS FORUM
The GMF hosts over 40 interviews with company CEOs, investors and though leaders live from the
World Economic Forum in Davos, Switzerland. On Thursday: Becky Frankiewicz, COO, ManpowerGroup;
Nadir Godrej, MD, Godrej Industries; Kalyan Kumar, Global CTO, HCL Tech; Jeff Maggioncalda, CEO,
Coursera; Erik Ekudden, CTO, Ericsson; Simon Freakley, CEO, AlixPartners; Valentyn Hvozdiy,
Chairman of the Supervisory Board, Ukrhydroenergo; Jennifer Steinmann, Global Sustainability &
Climate Practice Leader, Deloitte; Takeshi Niinami, CEO, Suntory. To join the forum and
participate in the conversation, email lisapauline.mattackal@tr.com
(Compiled by Kumar Satyam; Editing by Tasim Zahid)
((Kumar.Satyam@thomsonreuters.com;))