What to Watch in the Day Ahead - Wednesday, November 13

Loblaw Companies

12/11/2024 19:30

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The U.S. Labor Department's Bureau of Labor Statistics is scheduled to release consumer
inflation figures, with the consumer price index (CPI) expected to have increased 0.2% in
October after gaining 0.2% in September. In the 12 months through October, the CPI is likely to
have climbed 2.6%, following a 2.4% advance in the month before. Meanwhile, the core CPI is set
to have recorded a similar 0.3% rise as well. On an annual basis, the core CPI is likely to have
nudged higher at 3.3%, after a similar rise in September. Meanwhile, the Treasury Department
will show that the country's budget likely swung to a deficit of $211 billion in October from a
surplus of $64 billion in September. 

Cisco is expected to report a fall in first-quarter revenue, hurt by slowing demand for its
networking equipment in an uncertain economy.

Dallas Fed President Lorie Logan is expected to give opening remarks before hybrid "Energy and
the Economy: Meeting Rising Energy Demand" Conference hosted by the Federal Reserve Banks of
Dallas and Kansas City. (0945/1445) Additionally, Kansas City Fed President Jeffrey Schmid is
also expected to speak on the economic outlook in the same event. (1330/1830) Meanwhile, St.
Louis Fed President Alberto Musalem is expected to speak on the U.S. economy and monetary policy
before the Economic Club of Memphis. (1300/1800) 

Executives from Exxon, Devon, Vistra BP and Apex Clean Energy will discuss the outlook for
energy markets and US infrastructure to meet global demand.

The U.S. FDA is set to decide on the marketing application for PTC Therapeutics' gene therapy
for a rare disorder called aromatic l-amino acid decarboxylase deficiency.

Canadian retailer Loblaw Companies is expected to post a rise in third-quarter revenue, aided by
demand for its essential goods including grocery and pharmaceutical offerings. Investors will
look out for comments on promotional activities, cost-cutting initiatives and annual outlook
updates.

Brazil's statistics agency, IBGE, is set to release data showing that the country's service
sector likely grew 0.7% in September, after a 0.4% decline in August. Year-over-year, the sector
is expected to have grown 3.5%, up from 1.7% in the previous month.

 (Compiled by Ashitha Salus in Bengaluru; Editing by Vijay Kishore)