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On the U.S. economic calendar, ADP's national employment report for November is forecast to show 10,000 jobs added, down from 42,000 in the prior month. The Commerce Department is expected to report that import prices rose 0.1% month-over-month in September, compared with a 0.3% gain in August, while export prices are also forecast to increase 0.1% after a 0.3% rise the month before. The Federal Reserve's industrial production data for September is expected to show output was unchanged month-over-month, following a 0.1% increase in August, while manufacturing output likely rose 0.1% after a 0.2% gain in the prior month. Capacity utilization is forecast to edge down to 77.3% in September from 77.4% in August. The S&P Global services and composite PMI final readings for November will also be released. Additionally, the Institute of Supply Management's non-manufacturing PMI for November is forecast to show a reading of 52.1, compared to 52.4 in October.
Macy's is expected to post a drop in third-quarter sales as the department store retailer struggles with weak demand at its outlets from cost-conscious consumers. Investors will watch out for comments on the company's expectations for the crucial holiday season.
Salesforce is expected to report a third-quarter revenue increase of 8.8%, mainly by strong growth in the subscription and support division, although its shares have faced a notable decline this year amid broader industry pullbacks.
Discount retailer Dollar Tree is expected to post a decline in third-quarter revenue, as rising economic uncertainty has pressured household budgets. Investors will look for comments on holiday demand, impact of tariffs and shrink-related trends as well as annual forecasts.
Brazil's S&P Global Services PMI for November will be released alongside the S&P Global Composite PMI.
(Compiled by Kumar Satyam; Edited by Vijay Kishore)
((Kumar.Satyam@thomsonreuters.com;))