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NKE - Nike Inc News Story

$164.57 -0.5  -0.3%

Last Trade - 27/07/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £188.68bn
Enterprise Value £185.74bn
Revenue £32.24bn
Position in Universe 31st / 7000

What to Watch in the Day Ahead - Thursday, June 24

Wed 23rd June, 2021 7:34pm
(The Day Ahead is an email and PDF publication that includes the day's major stories and
events, analyses and other features. To receive The Day Ahead, Eikon users can register at
 DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT)
    
The U.S. Commerce Department is scheduled to release gross domestic product (GDP) data for first
quarter and it is likely to have increased at an annualized rate of 6.4%, the same level as the
last quarter. The department is also scheduled to release durable goods data for May. It is
likely to have risen 2.8% in May after declining 1.3% in April. The Labor Department is
scheduled to release initial claims for state unemployment benefits data for the week ended June
19 and they are likely to have risen to 380,000, after rising 412,000 in the previous week.
Continued jobless claims for the week ended June 12, likely dropped to 3.470 million from 3.518
million in the previous week. (0830/1230)

Federal Reserve Bank of Richmond President Thomas Barkin is scheduled to speak before virtual
Raleigh Chamber of Commerce Partners Forum. (0900/1300) Federal Reserve Bank of Philadelphia
President Patrick Harker and Federal Reserve Bank of Atlanta President Raphael Bostic are
scheduled to speak on "Rebuilding Sustainably and Equitably" before virtual "Official Monetary
and Financial Institutions Forum: Fed Week" event co-sponsored by OMFIF and the Federal Reserve
Bank of Philadelphia. (0930/1330) Federal Reserve Bank of New York President John Williams is
scheduled to participate in a virtual moderated discussion hosted by the College of Staten
Island about Staten Island's economy, what President Williams has learned in conversations with
local stakeholders, and broader economic trends. (1100/1500)

Federal Reserve Bank of St. Louis President James Bullard is expected to give a presentation on
the U.S. economy and monetary policy before the Clayton Chamber of Commerce Power Hour Virtual
Speaker Series. (1300/1700) Federal Reserve Bank of Dallas President Robert Kaplan is expected
to participate in a moderated question-and-answer session before virtual Headliners Club of
Austin event. (1300/1700) Federal Reserve Bank of Richmond President Thomas Barkin is scheduled
to speak before virtual Richmond Risk Management Association 2021 Economic Update event.
(1600/2000)

Accenture Plc is expected to post third-quarter earnings. It is likely to post a rise in revenue
for the quarter as businesses revamped spending and used its digital services to move operations
to the cloud.

Nike Inc is expected to post fourth-quarter earnings. Focus will be on Nike's performance in
China, where consumers  called for boycotts over a controversy related to forced labor in
Xinjiang. In its home market, North America, the company is expected to see a rise in sales as
consumers flush with stimulus money splurge on sneakers and apparel. Forecast for the new fiscal
year will also be watched.

FedEx Corp is expected to post fourth-quarter earnings. The company is under pressure to show
stockholders how it will keep growing profits after the pandemic surge in package delivery
flattens.

Carnival Corp is expected to post second-quarter earnings. It is likely to post a huge quarterly
loss as it grappled with voyage cancellations in the quarter. Investors will look out for
comments on current booking trends on the back of resumption of U.S. passenger cruise
operations.

Blackberry Ltd is expected to post a fall in first-quarter revenue as the company struggles to
grow its software and services business due to the economic implications of the COVID-19
pandemic. Investors will look for Blackberry's forecast of its enterprise software services
segment, its largest business and overall business outlook given the company is still
transitioning into a software and services provider.

Mexico's central bank is scheduled to keep interest rate unchanged at 4%. (1500/1900) The
country's statistics agency is scheduled to release data on unemployment for May. (0700/1100)

LIVECHAT-REUTERS GLOBAL MARKETS FORUM
Corey Stewart, Senior Energy Analyst at Refinitiv, discusses the outlook for oil markets and
production, how U.S. shale players are adapting to the energy transition, and energy transition
programs in Latin America and the Caribbean. (1000 ET/1400 GMT) To join the conversation, click
here https://www.refinitiv.com/en/products/refinitiv-messenger/editorial-communities-financial-forums

 (Compiled by Anvesh Reddy in Bengaluru; Editing by Krishna Chandra Eluri)
 ((Anvesh.Reddy@thomsonreuters.com;))
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