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North American Morning Briefing: Stock Futures -2-

11/15/2021 | 06:12am EST

Because Ms. Brainard's views on inflation and interest rates have been similar this year to Mr. Powell's, policy continuity seems likely no matter who is chosen.

Economy Week Ahead: Industry, Consumers and Inflation

Data out this week will show how economies are performing at the start of the fourth quarter.

China Posts Robust Growth in Factory Output and Consumer Spending

BEIJING-Chinese factory activity and consumer spending were surprisingly robust in October, official monthly figures showed Monday, though fresh signs of weakness in the property sector underscored concerns for the outlook of the world's second-largest economy.

Industrial production rose 3.5% from a year earlier in October, China's National Bureau of Statistics said, accelerating from September's 3.1% pace and beating the 2.8% median forecast by economists polled by The Wall Street Journal.

Inflation Surge Pushes Gold to Five-Month High

A three-decade high in inflation has broken gold from its long 2021 rut, a sign investors are seeking greater protection from the prospect of lingering consumer-price increases.

Ocean Shipping Rates Fall but Ports Are Still Jammed

The cost to move a container across the Pacific fell by more than one-quarter last week, the biggest decline in two years. The decline signals that the huge demand for Asian exports is easing, though shipping executives say it will be months before the logjam of ships outside of U.S. ports clears up.

The decline in ocean-freight rates coincides with the winding down of the traditional peak shipping season, which starts in August when Western importers start to load up on cargo ahead of the year-end holidays. With most products at least on their way, space is gradually opening up on the front end of the trip, leading to lower prices.

Singh's Take: Fundraising Open, Targets Optional

Private-equity managers are increasingly opening their data rooms for investors ahead of their latest fundraising efforts without communicating to those investors exactly how big those funds will be.

Historically, private-equity firms specified a fund's target before they launched official marketing efforts in order to give prospective investors a sense of the size and scope of the portfolio they plan to build. As demand for private equity has grown and investors scramble to secure allocations with top performers, veteran private-equity firms can afford to delay communicating such goals, if not dispensing with them altogether.

Japan Economy Shrinks, Hit by Supply-Chain Troubles

TOKYO-Japan's economy shrank in the July-September period owing to a fall in exports caused by supply-chain constraints and lower consumer spending during a Covid-19 state of emergency.

The decline will likely give a push to Prime Minister Fumio Kishida's plans for cash handouts to families to stimulate the economy, although economists expect growth to resume in the current quarter regardless.

Eurozone Trade Surplus Fell by More Than Expected in September

The eurozone's trade surplus slipped by more than expected in September as growth in imports continued to exceed that of exports, data from the European Union's statistics agency showed Monday.

The eurozone's trade surplus in goods--the difference between exports and imports--stood at 7.3 billion euros ($8.35 billion) in September, sharply down from the EUR24.1 billion registered the same month a year earlier.

Democrats Try to Heal Rifts, Pass $2 Trillion Spending Bill

WASHINGTON-House Democrats will return this week with the goal of passing a roughly $2 trillion social spending and climate package. To be successful, members must remain united amid intraparty friction that some lawmakers say is the worst they have seen in their time in Congress.

The tensions ramped up this month as Democrats worked to pass their separate $1 trillion bipartisan infrastructure bill, which has been linked for months with the larger spending package. Party leaders emerged victorious on the infrastructure bill, but only because 13 Republicans brought it over the finish line after six Democrats voted no, protesting a decision to delay the social spending bill.

COP26 Opens Path to International Carbon Trading

International carbon markets got a shot in the arm in Glasgow on Saturday after governments agreed on long-stalled rules for how countries, and companies, can trade carbon-emissions credits across borders.

Negotiations over the carbon agreement were overshadowed at the United Nations climate summit by a higher-profile deal on emissions cuts and climate-change funding. That broader deal asks its 190-plus signatories next year to revisit emissions-cutting plans that fell short of what scientists say is enough to prevent the worst possible effects of climate change. The deal, though, left big questions about how governments will follow through.

COP26 Climate Deal Shows Fragility of New Emissions-Cutting Pledge

GLASGOW-U.S. climate envoy John Kerry helped win support at the United Nations summit for a deal this weekend that aims to accelerate emissions-cutting plans and asks countries to strengthen them again next year.

Hours later, Mr. Kerry underscored the fundamental weakness of the new agreement when he said the U.S., the world's second-largest greenhouse-gas emitter, is unlikely to speed up its own reduction plan in a year's time, arguing that it goes far enough.

Biden Names Mitch Landrieu to Lead Roughly $1 Trillion Infrastructure Plan

WASHINGTON-President Biden named former New Orleans Mayor Mitch Landrieu to supervise the roughly $1 trillion infrastructure bill, turning to a veteran of Hurricane Katrina's recovery to coordinate the rebuilding of roads, bridges and ports, the White House said.

Mr. Biden chose Mr. Landrieu, a former Louisiana lieutenant governor who led the city of New Orleans from 2010 to 2018, because of his experience running the city and his relationships with state and municipal leaders around the nation, the White House said. Mr. Landrieu will be a senior adviser responsible for the coordination of the new law, working through the National Economic Council, White House officials said.

In Belarus Border Standoff, Europe's Debates Converge on Poland

WARSAW-On Europe's hot-button issues of the day, from abortion to migration and relations with Russia, all roads now run through Poland.

For half a decade, the country's nationalist government has been locked in an escalating culture war within the European Union. Now, Poland finds itself on the front lines of Europe's external conflict.

Write to sarka.halas@wsj.com

TODAY IN CANADA

Earnings:

Argonaut Gold 3Q

Aya Gold & Silver Inc. (AYA.T) 3Q

Charlotte's Web Hldgs Inc. (CWEB.T) 3Q

Field Trip Health 2Q

Ivanhoe Mines 3Q

K92 Mining 3Q

MediPharm Labs Corp. (LABS.T) 3Q

Economic Indicators (ET):

0830 Sep New motor vehicle sales

0830 Sep Monthly Survey of Manufacturing

0830 Sep Wholesale trade

Expected Major Events for Monday

00:01/UK: Nov Rightmove Monthly House Price Index

04:30/JPN: Sep Revised Retail Sales

04:30/JPN: Sep Revised Industrial Production

13:30/CAN: Sep New motor vehicle sales

13:30/US: Nov Empire State Manufacturing Survey

13:30/CAN: Sep Monthly Survey of Manufacturing

13:30/CAN: Sep Wholesale trade

All times in GMT. Powered by Kantar Media and Dow Jones.

Expected Earnings for Monday

9 Meters Biopharma Inc (NMTR) is expected to report for 3Q.

AcelRx Pharmaceuticals Inc (ACRX) is expected to report $-0.07 for 3Q.

Aecom Technology Corp (DE) (ACM) is expected to report $0.70 for 4Q.

Allakos Inc (ALLK) is expected to report $-1.20 for 3Q.

Amplify Energy Corp (AMPY) is expected to report for 3Q.

Argonaut Gold is expected to report for 3Q.

Brainstorm Cell Therapeutics Inc (BCLI) is expected to report $-0.24 for 3Q.

Brookfield Infrastructure Corp (BIPC) is expected to report for 3Q.

Celsion Corp (CLSN) is expected to report $-0.06 for 3Q.

Cerence Inc (CRNC) is expected to report for 4Q.

Digimarc Corp (DMRC) is expected to report $-0.51 for 3Q.

Dynacor Gold Mines is expected to report for 3Q.

FreightCar America (RAIL) is expected to report $-0.10 for 3Q.

Frequency Therapeutics Inc (FREQ) is expected to report for 3Q.

Galectin Therapeutics (GALT) is expected to report for 3Q.

InfuSystems (INFU) is expected to report $0.01 for 3Q.

Kala Pharmaceuticals Inc (KALA) is expected to report $-0.46 for 3Q.

Kodiak Sciences Inc (KOD) is expected to report $-1.30 for 3Q.

Lifeway Foods (LWAY) is expected to report $-0.17 for 3Q.

LogicBio Therapeutics Inc (LOGC) is expected to report for 3Q.

MCAN Mortgage (MAMTF,MKP.T) is expected to report for 3Q.

Micron Solutions Inc (MICR) is expected to report for 3Q.

Mullen Automotive Inc. (MULN) is expected to report for 3Q.

Nuvo Pharmaceuticals Inc (NRIFF) is expected to report for 3Q.

Ocean Bio-Chem (OBCI) is expected to report for 3Q.

Odyssey Marine Inc (OMEX) is expected to report for 3Q.

Oncotelic Therapeutics Inc (OTLC) is expected to report for 3Q.

Orbital Energy Group Inc (OEG) is expected to report for 3Q.

Priority Technology Holdings Inc (PRTH) is expected to report $0.00 for 3Q.

Prudential Bancorp Inc (PBIP) is expected to report $0.22 for 4Q.

Singing Machine (SMDM) is expected to report for 2Q.

Stratus Properties (STRS) is expected to report for 3Q.

TAG Oil (TAO.V,TAOIF) is expected to report for 2Q.

Three Valley Copper Corp (TVC.V) is expected to report for 3Q.

Titan Pharmaceuticals Inc (TTNP) is expected to report for 3Q.

Trevena Inc (TRVN) is expected to report $-0.10 for 3Q.

Tyson Foods (TSN) is expected to report $2.42 for 4Q.

Universal Security Instruments Inc (UUU) is expected to report for 2Q.

UroGen Pharma Ltd (URGN) is expected to report $-1.33 for 3Q.

(MORE TO FOLLOW) Dow Jones Newswires

11-15-21 0612ET

Stocks mentioned in the article
ChangeLast1st jan.
ARGONAUT GOLD INC. 1.81% 2.25 Delayed Quote.-7.92%
AYA GOLD & SILVER INC. 1.84% 9.47 Delayed Quote.-3.04%
CHARLOTTE'S WEB HOLDINGS, INC. -1.56% 1.26 Delayed Quote.0.00%
DYNACOR GOLD MINES INC. 1.63% 3.11 Delayed Quote.-3.16%
FIELD TRIP HEALTH LTD. 2.00% 2.55 Delayed Quote.-18.30%
IVANHOE MINES LTD. 1.51% 12.07 Delayed Quote.15.41%
K92 MINING INC. -2.14% 7.28 Delayed Quote.3.76%
MEDIPHARM LABS CORP. -4.55% 0.21 Delayed Quote.18.92%
THREE VALLEY COPPER CORP. 5.00% 0.21 Delayed Quote.17.65%
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