What to Watch in the Day Ahead - Tuesday, November 28
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A report from the Conference Board is likely to show the consumer confidence index fell to 101.0 in November from 102.6 in October. Additionally, the S&P CoreLogic Case-Shiller national home price index is expected to show a reading of 0.8% in September on a seasonally adjusted month-over-month basis. On a year-on-year basis, the index is likely to post a 4% increase in September.
Federal Reserve Vice Chair for Supervision Michael Barr is scheduled to speak virtually on the Community Reinvestment Act before the event, "Modernized Community Reinvestment Act and Indian Country," in Washington D.C. (1305/1805). Barr is also expected to participate virtually in discussion before the Opportunity Finance Network Fireside Chat on the Community Reinvestment Act Regulations. (1530/2030) Federal Reserve Board Governor Christopher Waller is expected to speak on the economic outlook before an American Enterprise Institute event, "The Federal Reserve and the Economic Outlook: A Conversation with Federal Reserve Governor Christopher J. Waller", in Washington D.C. (1005/1505) Federal Reserve Board Governor Michelle Bowman is likely to speak on "Monetary Policy and the Economy" before a Utah Bankers Association and Salt Lake Chamber breakfast, in Salt Lake City, Utah. (1045/1545) Chicago Fed President Austan Goolsbee is scheduled to give a welcome and opening remarks before hybrid "Who Owns Midwest Farmland? And Why?" at the Midwest Agricultural Conference hosted by the Federal Reserve Bank of Chicago, Illinois. (1000/1500)
Accounting software maker Intuit Inc. is expected to post higher first-quarter revenue driven by robust demand for its artificial intelligence-infused products, assisting small businesses to manage their financial needs.
Human resources software company Workday Inc. is scheduled to report a rise in third-quarter revenue as demand for the company's cloud-based software services remains strong amid an easing macro environment.
Cybersecurity firm CrowdStrike Holdings Inc is likely to post higher third-quarter revenue on resilient demand for its cybersecurity solutions in the wake of rising online threats.
Data analytics software maker Splunk Inc. is expected to report a rise in third-quarter revenue, helped by strong demand for the company's cybersecurity software.
NetApp Inc will likely report an 8% fall in second-quarter revenue on weak demand for its cloud services.
Bank of Nova Scotia, Canada's fourth largest bank, is expected to show a fall in fourth-quarter profit as provisions for bad loans rise. The focus will be on CEO Scott Thomson's commentary on investments and expenses for the new fiscal year as investors await his first investor day in December.
On the Latin American front, Brazil's statistics agency IBGE is scheduled to report the country's annual inflation, as measured by the IPCA-15 consumer price index, likely edged higher to 0.30% in mid-November, compared to 0.21% last month. The IPCA-15 index is expected to hit 4.8% in the year to mid-November. Brazil's Treasury will probably report a primary surplus of 15.400 billion reais in October. Brazil likely created 125,000 formal job positions in October from 211,764 positions in September.
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Compiled by Sandhra Mariam Sam in Bengaluru: Editing by Tasim Zahid
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