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LEVI - Levi Strauss & Co News Story

$12.63 -0.3  -2.2%

Last Trade - 4:45pm

Consumer Cyclicals
Large Cap
Market Cap £3.92bn
Enterprise Value £4.14bn
Revenue £3.85bn
Position in Universe 1108th / 6376

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

Thu 2nd July, 2020 7:37pm
(The Day Ahead is an email and PDF publication that includes the day's major stories and
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A report from the Institute for Supply Management is expected to show its U.S. non-manufacturing
activity index rose to a reading of 49.5 in June from 45.4 in May. (1000/14000) IHS Markit is
scheduled to release its final composite and services PMI data for June. (0945/1345)
Reuters FX Buzz Analyst Jeremy Boulton takes questions on G7 currencies and select EM FX pairs.
(0700/1100) To join the discussion, click here https://www.refinitiv.com/en/products/refinitiv-messenger/editorial-communities-financial-forums
On Thursday, the U.S. Labor Department is scheduled to release initial jobless claims numbers
for the week ended July 4. Initial claims for state unemployment benefits totalled a seasonally
adjusted 1.427 million in the week ended June 27, down from 1.482 million in the prior week.
Wholesale inventory data is due on the same day and it is expected to fall 1.2% in May after
falling 1.2% in the month before. On Friday, the Labor Department's producer price index for
final demand is expected to rise at a similar rate of 0.4% in June, when compared with the
previous month's reading. Consumer credit is forecast falling $17.50 billion in May after
falling $68.78 billion in April, when the U.S. Federal Reserve releases data on Wednesday. On
Tuesday, the Labor Department will release the monthly Job Openings and Labor Turnover Survey,
or JOLTS data for May.
On Tuesday, Federal Reserve Bank of Atlanta President Raphael Bostic expected to participate in
a conversation before the Tennessee Business Roundtable Webinar. On the same day, the National
Association for Business Economics hosts a webinar panel, "Perspectives on the Pandemic."
Federal Reserve Bank of San Francisco President Mary Daly and Federal Reserve Bank of Richmond
President Thomas Barkin are scheduled to speak.
On Tuesday, Dockers khaki maker Levi Strauss & Co is expected to post a decline in
second-quarter revenue, hit by temporary store closures. It is also likely to post a loss,
compared with a profit a year earlier. Investors will be on the lookout for comments on current
levels of demand and the performance of its Asia market, as many countries in the region had
started easing coronavirus restrictions well before some of its other markets.
Canada's employment data for the month of June is due for release on Friday. Canada added
289,600 jobs in May, while the unemployment rate hit a record high of 13.7% in the same month.
On Wednesday, Canada's national housing agency will release housing starts numbers for June. The
seasonally adjusted annualized rate of housing starts rose to 193,453 units in May. 
On Wednesday, Canada's Finance Minister Bill Morneau is expected to present an economic and
fiscal snapshot that will provide information on the current state of the economy and the
Government's response to support Canadians during the coronavirus pandemic.
A two-day virtual COVID-19 conference programme, starting Friday, will be hosted by the
International AIDS Society. Director-General of World Health Organization, Tedros Ghebreyesus,
is scheduled to make opening remarks and Anthony Fauci, Director of the National Institute of
Allergy and Infectious Diseases, is expected to be a part of a special session, "Making sense of
the science." 
On Wednesday, Brazil's statistics agency IBGE is scheduled to report retail sales data for May.
The country's retail sales plunged at a record pace of 16.8% in April. Brazil's inflation data
for June is due for release on Friday.
Mexico's central bank will publish minutes from its last monetary policy decision on Thursday.
Investors will be on the lookout for comments on the future trajectory of interest rates and
risks to inflation and economic growth. Mexico's statistics agency INEGI is scheduled to release
industrial output data for May on Friday. The country's industrial output plummeted to a
historic low of 25.1% in April. Mexico's inflation data for June is expected to be released on
(U.S. markets are closed on Friday, July 3, in observance of Independence Day)

 (Compiled by Yoganand KN in Bengaluru; Editing by Ramakrishnan M.)
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