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What to Watch in the Day Ahead - Thursday, November 30



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Investors eagerly await the release of the U.S. personal consumption expenditures (PCE) price index, along with other economic indicators. The Commerce Department's report is expected to show that the index likely gained 0.1% in October after rising 0.4% the month before. In the 12 months through October, the PCE price index possibly advanced 3.0%. Excluding the volatile food and energy components, the PCE price index will likely have picked up 0.2% in October after advancing 0.3% in September. The so-called core PCE price index is expected to rise 3.5% year-on-year in October. Meanwhile, consumer spending likely rose 0.2% in October, after a 0.7% increase in September. Personal income is expected to have accelerated 0.2% in October, following a 0.3% gain in the month before. Furthermore, the Labor Department is scheduled to release initial claims for state unemployment benefits likely rose 11,000 to a seasonally adjusted 220,000 for the week ended Nov 25th. Separately, the number of people receiving benefits after an initial week of aid is likely to rise to 1.872 mln from 1.840 mln the week before. Lastly, the National Association of Realtors' pending home sales index possibly dipped 2.0% in October after gaining 1.1% in September.


General Motors CFO Paul Jacobson is scheduled to speak at the Morgan Stanley mobility tech conference in New York and could update investors on targets for its struggling Cruise robo-taxi unit.


Dell Technologies is expected to post a 6% fall in its third-quarter revenue due to weak demand for its servers and network equipment.


New York Fed President John Williams is expected to give a keynote speech before the Bretton Woods Committee's "Exploring Innovations in Central Banking" conference in New York. (0915/1415)


Canada's biggest lender, Royal Bank of Canada, is expected to show a fall in profit in the fourth quarter as expenses rise and it sets aside more funds for bad loans. Investors will also watch out for updates on the bank's acquisition of HSBC's domestic unit amid mounting pressure to block the deal.


Toronto Dominion Bank is expected to report a fall in its fourth-quarter profit amid higher expenses at its US operations and challenges at home. Investors will look for commentary on costs as the bank continues to expand organically in the United States while addressing AML issues identified by the regulators. Updates on the Justice Department's investigation into TD's AML practices will also be watched.


Statistics Canada is scheduled to report the Canadian economy likely expanded 0.2% at an annualized rate in the third quarter after contracting 0.2% in the prior quarter.


From Latin America's largest economy, Brazil's unemployment rate is expected to remain unchanged at 7.7% in October. Meanwhile, Mexico's national statistics agency is expected to show that the unemployment rate likely fell to 2.8% in October from 2.9% in September. Chile's October manufacturing output is expected to rise 2.5% year-over-year.



Compiled by Sandhra Mariam Sam in Bengaluru; Editing by Tasim Zahid

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