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LEVI - Levi Strauss & Co News Story

$12.52 -0.7  -5.2%

Last Trade - 18/09/20

Consumer Cyclicals
Large Cap
Market Cap £3.84bn
Enterprise Value £4.06bn
Revenue £3.89bn
Position in Universe 1129th / 6396

What to Watch in the Week Ahead and on Monday, April 6

Fri 3rd April, 2020 7:33pm
(The Day Ahead is an email and PDF publication that includes the day's major stories and
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Quibi, a streaming service featuring big Hollywood names in short TV episodes, is scheduled to
launch at a time when viewers are mostly confined to their homes due to the coronavirus

Brazil's inflation data for March as measured by the IGP-DI price index is due. Inflation rose
0.01% in February.

Mexico's statistics agency is expected to report gross fixed investment figures for January. The
gross fixed investment fell 1.5% in December and dipped 3% from a year earlier. (0700/1100)

Mike Dolan, Reuters Editor at Large, Finance & Markets, looks at the week ahead for markets.
(0700/1100) To join the conversation, click here https://www.refinitiv.com/en/products/refinitiv-messenger/editorial-communities-financial-forums


On the U.S. economic tap, a report from the Labor Department, on Friday, is expected to show
consumer price index (CPI) fell 0.3% in March, after having risen 0.1% in the month before. In
the 12 months through March, CPI is expected to have risen 1.6% and core CPI by 2.3%. Excluding
the volatile food and energy components, CPI is likely to have increased 0.1% in the month.
After the number of Americans filing claims for unemployment benefits shot to a record high of
6.648 million last week, the Labor Department on Thursday is expected to report initial jobless
claims fell to 5 million for the week ended April 4. The producer prices index (PPI) is likely
to have dropped 0.3% in March, after having dropped 0.6% in the month before. In the 12 months
through March, the PPI is likely to have increased 0.5%, after having risen 1.3% in February.
Core PPI is expected to have unchanged in March, after dropping 0.3% in the month before. The
Labor Department is expected to release job openings data for February in its monthly Job
Openings and Labor Turnover Survey, or JOLTS, on Tuesday. The Commerce Department is expected to
report on Thursday wholesale inventories dropped 0.5% in February, after logging a 0.5% drop in
the month before. On Thursday, the University of Michigan's Consumer Sentiment Index is likely
to fall to a reading of 75.0 in April from a reading of 89.1 in March.

Federal Open Market Committee is scheduled to issue minutes from its meeting of March 17-18 on
Wednesday. On the same day, Mexico's central bank will also publish minutes from its last
monetary policy decision. Investors will be on the lookout for comments on the future trajectory
of interest rates and risks to inflation and economic growth.

Federal Reserve Bank of Cleveland President Loretta Mester is expected to speak on "Maintaining
Economic Health During a Crisis" in a livestream moderated question-and-answer session before
the City Club of Cleveland Virtual Forum on Friday.

Levi Strauss & Co is expected to release first-quarter earnings on Tuesday. Investors will watch
for management's comments on the impact of store closures due to the coronavirus pandemic on the
denim jeans maker's financials and any disruptions in supply chain due to the lockdown in China
earlier this year.

Canada's jobs data for March is expected to release on Thursday. Canada gained a
higher-than-expected 30,300 net jobs in February while the unemployment rate rose 5.6%. On
Wednesday, Canada's national housing agency is set to release housing starts data for March.
Canadian housing starts fell to a seasonally adjusted annualized rate of 210,069 units in
February. Building permits data for February is also due on the same day. The value of Canadian
building permits rose by 4.0% in January. On Tuesday, Canada's Ivey Purchasing Managers Index
(PMI) data for March is scheduled for release. The seasonally adjusted index fell to 54.1 in
February from 57.3 in January and the unadjusted PMI rose to 53.2 from 51.1.

Royal Bank of Canada and Bank of Nova Scotia are scheduled to hold their annual shareholder
meetings in Toronto on Wednesday and Tuesday respectively. Canadian Imperial Bank of Commerce
will hold its annual shareholder meeting in Edmonton, Alberta on Wednesday.

Mexico's statistics agency is scheduled to report consumer prices data for March on Tuesday.
Mexican consumer prices rose 0.42% in February, according to non-seasonally adjusted figures.
The CPI rose 3.70% in the year through February. The core index rose 0.36% during the month.
Mexico's producer prices index data for March is also due on Tuesday. Brazilian IPCA inflation
data for March is expected to release on Thursday. The country's monthly inflation rose 0.25% in
February. Prices rose 4.01% in the 12 months through February. On Wednesday, Chile's statistics
agency is expected to release inflation data for March. Chile consumer prices rose 0.4% in
February. Chile's trade balance data for March is due on Tuesday. The country posted a trade
balance of $821 million in February. Brazil's retail sales data for February is set to release
on Tuesday. The country's statistics agency IGBE reported retail sales fell 1.0% in January, but
rose 1.3% from a year earlier. Brazil's services activity data for February is due on Wednesday.
Services activity in Brazil grew 0.6% in January and rose 1.8% from a year earlier. Mexico's and
Argentina's industrial output data for February are scheduled for release on Wednesday and
Tuesday respectively. 

 (Compiled by Nidhi C Sai in Bengaluru; Editing by Ramakrishnan M.)
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