What to Watch in the Week Ahead and on Monday, March 9

Reuters
16 hours ago
What to Watch in the Week Ahead and on Monday, March 9

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ON MONDAYHewlett Packard Enterprise is expected to report a rise in first-quarter revenue, driven by growing demand for its artificial intelligence-powered servers. Investors will be looking for commentary on competition from rivals Dell and Super Micro Computer and how HPE is navigating the memory chip crisis. In Latin America, Mexico is expected to report its February inflation and producer price index data.REST OF THE WEEKOn the U.S. economic front, a slew of data is scheduled for the week that could offer fresh insight into the country's inflation. On Wednesday, the Labor Department's Bureau of Labor Statistics is scheduled to report that the consumer price index $(CPI)$ likely rose 0.3% in February, after rising 0.2% in the month before. Annually, CPI inflation is estimated to have increased to 2.4%. Meanwhile, the core CPI likely rose to 0.2% in February, after increasing at the same rate in the prior month. The Commerce Department's Bureau of Economic Analysis, on Friday, is set to report the personal consumption expenditures (PCE) price index probably edged up 0.3% in January, compared with a 0.4% gain in December. On an annual basis, the PCE price index likely rose 2.8% in January. Meanwhile, the core PCE price index for January is expected to have increased 0.4%, while, annually, the core PCE price index likely edged up 3%. Additionally, consumer spending is expected to have increased 0.3%, compared to a 0.4% rise in December. Personal income likely grew 0.4% in January, after registering a 0.3% rise in the prior month. On the same day, the Census Bureau is likely to report a 0.8% rise in orders of durable goods for January, after declining 1.4% in the previous month. Excluding transportation, orders likely edged up 0.5% in the same period, after rising 1% in the previous month. On Tuesday, the National Association of Realtors is expected to report existing home sales likely rose to a seasonally adjusted annual rate of 3.89 million units in February after rising to 3.91 million units in January. On Thursday, the Census Bureau is expected to report that housing starts likely rose to 1.350 million units in January, while building permits are expected to have increased to 1.405 million units in the same period. A separate report is expected to show that the country's international trade deficit narrowed to $68 billion in January from $70.3 billion in the prior month. Separately, the Labor Department will release the weekly jobless claims report. Initial claims for unemployment benefits probably rose by 2,000 to 215,000 for the week ending March 7. Continued jobless claims for the week ended February 28 are also expected. Additionally, the Job Openings and Labor Turnover Survey, or JOLTS report, for January is due on Friday. On the same day, the University of Michigan’s preliminary reading of the Consumer Sentiment Index for March is projected to come in at 55 from the previous month's final reading of 56.6.Oracle is expected to report a rise in third-quarter revenue on Tuesday due to strong adoption of its cloud infrastructure, while investors will be looking for commentary around the company's debt and long-term growth forecasts due to fears of a bubble in the AI industry.Adobe is expected to report revenue growth in the first quarter on Thursday, buoyed by strong demand for its expanding suite of AI-powered tools. At the same time, analysts and investors are closely watching the uncertainty facing the software industry as rapid advances in large language models reshape competitive dynamics.On Tuesday, Bank of America's Co-President Dean Athanasia is due to speak at the RBC Capital Markets Global Financial Institutions Conference. At the same event, executives from Blue Owl, Ares and Blackstone's business development companies are set to speak on a panel.Discount store operator Dollar General is expected to post a rise in fourth-quarter revenue on Thursday, helped by steady demand for its groceries and other essentials. Investors will look out for comments on consumer sentiment, impact of retail shrink trends, inventory levels, recent tariff developments as well as annual forecasts.Department store chain Kohl's is expected to post a decline in fourth-quarter revenue on Tuesday, hurt by frugal consumer spending amid rising economic uncertainty. Investors will look for comments related to turnaround, consumer sentiment, impact of recent tariff developments as well as annual forecasts.Packaged food company Campbell's is expected to post a fall in its second-quarter revenue on Wednesday, hurt by weaker demand for its canned and frozen food amid pressured consumer spending and rising competition. Investors will look for comments on tariff volatility, pricing actions, snacking demand and annual forecasts.Dick's Sporting Goods is expected to post a rise in its fourth-quarter revenue on Thursday, driven by stronger demand for its apparel and footwear amid pressured consumer spending and rising competition. Investors will look for comments on tariff volatility, pricing actions, consumer demand and annual forecasts.SoftBank's PayPay is expected to make its hotly anticipated New York debut on Thursday.On the Canadian economic front, Thursday brings January building permits data. Statistics Canada is also expected to release January trade balance figures the same day, with the deficit forecast to narrow to C$1.1 billion from C$1.31 billion in December. Separately, on Friday, Statistics Canada will publish its February employment report, which is expected to show the unemployment rate rising to 6.6% from 6.5% in the prior month, while employment is projected to increase by 10,000 after a decline of 24,800 in January. January manufacturing sales data is also due the same day and is expected to fall 3.3% after rising 0.6% previously.On the Latin America economic tap, Brazil's consumer price inflation, as measured by the IPCA index for January, is due on Thursday, services sector growth data for January on Friday and January retail sales is expected on Wednesday. Separately, in Argentina, the country's inflation reading for February will be released on Thursday. In Mexico, January industrial output data is scheduled for release on Friday. Meanwhile, Peru's central bank is set to announce its latest interest rate decision on Thursday.

(Compiled by Lactus Fernandes in Bengaluru; Edited by Vijay Kishore)

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