What to Watch in the Week Ahead and on Monday, November 24

Reuters
2025/11/22
What to Watch in the Week Ahead and on Monday, November 24

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ON MONDAY

On the U.S. economic front, the Federal Reserve Bank of Dallas is expected to release its manufacturing business index for November, following a reading of -5.00 in the prior month.

On Mexico's economic calendar, the country's statistics institute INEGI is expected to release the first half-month inflation data for November. Core inflation is forecast to rise 0.05% compared with 0.18% in the prior period, while headline inflation is expected to increase 0.42%, up from 0.28% previously.

REST OF THE WEEK

The U.S. economic calendar features several key data releases this week. On Tuesday, the Commerce Department's retail sales data for September is expected to show a 0.4% monthly gain, after a 0.6% increase in August. Meanwhile retail sales excluding autos are forecast to rise 0.4%, compared with 0.7% in the prior month. The Labor Department's Producer Price Index for final demand is forecast to rise 0.3% in September, after falling 0.1% in the prior month, while the annual reading is expected to show a 2.7% increase compared with 2.6% in August. The core PPI, which excludes food and energy, is forecast to advance 0.3% monthly, following a 0.1% decline in August, with the annual rate expected at 2.7% versus 2.8% previously. The Conference Board's consumer confidence index for November is forecast to edge down to 93.5 from 94.6 in October. Additionally, the Commerce Department's business inventories report for August is expected to show a 0.1% increase, following a 0.2% rise in July. On Wednesday, the Commerce Department is expected to report that durable goods orders rose 0.9% in September, after surging 2.9% in August, while durables excluding transportation are forecast to increase 0.2%, following a 0.3% gain in the prior month. The Labor Department will also release weekly jobless claims data, with initial claims for unemployment benefits for the week ending November 22. The Commerce Department's new home sales report for September is expected to show sales fell to 0.709 million units from 0.800 million in August. On Thursday, the Institute of Supply Management's Chicago PMI for November is also expected. Separately, Federal Reserve issues the Beige Book on Wednesday.

Dell is expected to report higher third-quarter revenue on Tuesday, helped by growing demand for its artificial intelligence-powered servers.

Deere is expected to report a lower profit when it reports fourth-quarter results on Wednesday.

Department store chain Kohl's is expected to post a decline in third-quarter revenue on Tuesday, hurt by frugal consumer spending amid rising economic uncertainty. Investors will look for comments regarding leadership, impact of tariffs on consumer sentiment, performance across stores and digital channels as well as annual forecasts.

Electronics retailer Best Buy is expected to post growth in third-quarter revenue on Tuesday owing to holiday-driven demand for appliances and gadgets. Investors will keep an eye on tariff pressures, pricing actions, promotional strategy and near-term demand landscape.

Alibaba Group is likely to announce second-quarter results on Tuesday. Analysts will be listening for any gains from the heavily subsidised "instant retail" war the firm has been engaged in, as well as updates on the progress of monetising AI initiatives.

On the Canadian economic front, Statistics Canada is expected to release the current account balance for the third quarter on Thursday. Meanwhile, on Friday, Statistics Canada's gross domestic product report is forecast to show the economy grew at a 0.5% annualized rate in the third quarter, rebounding from a 1.6% contraction in the prior period. Additionally, the monthly GDP for September is expected to rise 0.2%, following a 0.3% decline in August.

Latin America's economic calendar features several key data releases this week. On Tuesday, Brazil's central bank is expected to release the current account balance and foreign direct investment data for October. Argentina's INDEC statistics agency will report economic activity data for September. On Wednesday, Brazil's IBGE statistics institute will release the IPCA-15 mid-month consumer price index for November, while Argentina is set to report retail sales data for September. On Thursday, Brazil's Getulio Vargas Foundation will publish the IGP-M inflation index for November. On Friday, Brazil's central bank will release the primary budget surplus data for October, while Chile's statistics institute will report the unemployment rate and manufacturing output data for October.

(Compiled by Kumar Satyam; Edited by Vijay Kishore)

((Kumar.Satyam@thomsonreuters.com;))

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