What to Watch in the Day Ahead - Thursday, December 1

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 What to Watch in the Day Ahead - Thursday, December 1
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(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 . Thomson One users can register at RT/DAY/US. All times in ET/GMT) On the U.S. economic calendar, the Labor department is set to report that initial jobless claims for the week ended Nov. 26 came at 235,000, down from 240,000 in the prior week. Continued jobless claim likely reached 1.573 million in the week ended Nov. 19 from 1.551 million in the previous week. Separately, ISM manufacturing PMI report is set to show a decline to 49.8 in November from 50.2 in the previous month. S&P Global's final manufacturing PMI for November is also due for release. Meanwhile, the Commerce Department is scheduled to report a rise in personal consumption index to 0.8% in October from 0.6% in September. Personal income likely remained at 0.4% in October. The personal consumption expenditures (PCE) price index data is also due for release. Core PCE price index likely fell 0.3% in October from 0.5% on a month-on-month basis, and it likely fell to 5.0% from 5.1% on an annualized basis. The Commerce Department is also set to report that construction spending fell 0.3% in October after rising 0.2% in the previous month. Federal Reserve Vice Chair for Supervision Michael Barr is set to speak virtually on "Bank Capital" before the American Enterprise Institute. (1500/2000) Meanwhile, Federal Reserve Bank of Dallas President Lorie Logan is set to participate in a moderated question-and-answer session hosted by the Dallas Breakfast Group. (0920/1420) Separately, Federal Reserve Board Governor Michelle Bowman is scheduled to participate in a virtual discussion before the KBW CEO Strategy Forum. (0930/1430) Also, Federal Reserve Bank of Minneapolis President Neel Kashkari is scheduled to give opening remarks before virtual 2022 Center for Indian Country Development Research Summit: "Unlocking Our Full Economic Potential". (1100/1600) Tesla Inc is expected to unveil its Semi truck, an 18-wheeler vehicle that Pepsi Inc and other companies will be using in trials. The livestreamed event is likely to show off the vehicle and offer updated forecasts on its abilities and production. The U.S. Senate Agriculture Committee is scheduled to hold a hearing to examine the sudden collapse of FTX, one of the world's biggest crypto exchanges. Rostin Behnam, chairman of the Commodity Futures Trading Commission, is the first witness named for the hearing, titled, "Why Congress Needs to Act: Lessons Learned from the FTX Collapse". Dollar General Corp is expected to post a rise in third-quarter revenue helped by strong demand from budget-conscious consumers looking for cheaper groceries and household essentials amid decades-high inflation. Investors will look out for the company's forecast and its comments on impact from inflation, consumer shopping trends and expectations for the holiday season. A series of REUTERS NEXT interviews are scheduled. IMF Managing Director Kristalina Georgieva will speak on inflation and geopolitical fissures. ENEL Spa CEO Francesco Starace to speak on the challenges of the global energy crisis. LSEG CEO David Schwimmer to speak on strengthening the global financial system. Morgan Stanley CEO James Gorman to speak on inflation, the markets and new technologies shaping finance. U.S. Treasury Deputy Secretary Wally Adeyemo is expected to talk about global financial risks and Russia sanctions. World Bank President David Malpass is scheduled to speak on the consequences of global debt, surging inflation and spiking energy prices. A REUTERS NEXT panel discussion is also scheduled. Procter & Gamble Co Chief Sustainability Officer Virginie Helias, Mars Inc outgoing CEO Grant F. Reid, Interos Inc Founder and CEO Jennifer Bisceglie, Indigo AG Inc CEO Ron Hovsepian and Just Capital Inc CEO Martin Whittaker are expected to participate in the discussion. The S&P Global Canada Manufacturing Purchasing Managers' Index and labour productivity report is due for release. Mexico's central bank will issue its monthly poll of private sector economists' forecasts on key indicators such as inflation, GDP and the peso exchange rate. S&P Global's manufacturing PMI report is also scheduled. The Brazilian official statistics agency IBGE is scheduled to report that the country's gross domestic product for the third quarter rose 0.7%, compared with a rise of 1.2% in the previous quarter. Annually, the economy likely expanded 3.7%. Separately, government data is set to show the country's trade balance stood at $5.024 billion in November, up from $3.921 billion in October. S&P Global's manufacturing PMI is also scheduled for release. Argentina's tax revenue data is due for release. Chile's IMACEC economic activity index, a close proxy of gross domestic product, dropped 1.2% in October from the same month last year, the country's central bank is set to report. Government data from Peru is set to show that consumer prices rose 0.33% in November, compared with 0.35% in the previous month. LIVECHAT - REUTERS GLOBAL MARKETS FORUM Cem Karsan, founder and senior managing partner at Kai Volatility Investors, discusses volatility and options pricing in global markets and trading opportunities. (1100/1600) To join the discussion, click here (Compiled by Ananya Roy in Bengaluru; Edited by Shilpi Majumdar)


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