The Bank of Canada is expected to keep its main interest rate unchanged on Wednesday, with most economists believing the central bank is inching closer to rate cuts starting in June amid signs of slowing inflation, anemic consumption and lackluster business investment.
Expected Major Events for Wednesday
02:00/JPN: Feb Imported Vehicle Sales
07:00/GER: Jan Foreign Trade
09:30/UK: Feb Narrow money (Notes & Coin) and reserve balances
09:30/UK: Feb S&P Global UK Construction PMI
09:30/GER: Ifo Economic Forecast
11:00/FRA: Jan OECD CPI
12:00/US: 03/01 MBA Weekly Mortgage Applications Survey
13:15/US: Feb ADP National Employment Report
13:30/CAN: 4Q Labour productivity, hourly compensation & unit labour cost
14:45/CAN: Bank of Canada interest rate announcement
15:00/CAN: Feb Ivey Purchasing Managers Index
15:00/US: Jan Monthly Wholesale Trade
15:00/US: Jan Job Openings & Labor Turnover Survey
15:30/US: 03/01 EIA Weekly Petroleum Status Report
19:00/US: U.S. Federal Reserve Beige Book
23:30/JPN: Jan Provisional Labour Survey - Earnings, Employment & Hours Worked
23:50/JPN: Feb International Reserves / Foreign Currency
23:50/JPN: Feb Provisional Trade Statistics for 1st 20 days of Month
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Wednesday
Abercrombie & Fitch Co (ANF) is expected to report $2.84 for 4Q.
Argonaut Gold is expected to report for 4Q.
Axonics Inc (AXNX) is expected to report $0.05 for 4Q.
Berry Corp (bry) (BRY) is expected to report $0.18 for 4Q.
Brown-Forman Corp - B Share (BFA,BFB) is expected to report $0.61 for 3Q.
Campbell Soup (CPB) is expected to report $0.77 for 2Q.
CompoSecure Inc (CMPO) is expected to report for 4Q.
Converge Technology Solutions Corp (CTS.T) is expected to report $0.01 for 4Q.
Culp Inc (CULP) is expected to report $-0.19 for 3Q.
Descartes Systems Group Inc (DSG.T,DSGX) is expected to report $0.50 for 4Q.
EVgo Inc (EVGO) is expected to report for 4Q.
Emergent Biosolutions (EBS) is expected to report $-0.60 for 4Q.
Enhabit Inc (EHAB) is expected to report for 4Q.
European Wax Center Inc (EWCZ) is expected to report for 4Q.
Fastenal Co (FAST) is expected to report.
Foot Locker Inc (FL) is expected to report $0.33 for 4Q.
Hippo Holdings Inc (HIPO) is expected to report for 4Q.
Infinera Corp (INFN) is expected to report $0.04 for 4Q.
Korn Ferry (KFY) is expected to report $0.96 for 3Q.
Lordstown Motors Corp (RIDEQ) is expected to report for 4Q.
NACCO Industries Inc - Class A (NC) is expected to report for 4Q.
NeueHealth Inc (NEUE) is expected to report for 4Q.
OneSpan Inc (OSPN) is expected to report $-0.13 for 4Q.
OrthoPediatrics Corp (KIDS) is expected to report $-0.29 for 4Q.
PMV Pharmaceuticals Inc (PMVP) is expected to report for 4Q.
Rev Group Inc (REVG) is expected to report $0.01 for 1Q.
Rush Street Interactive Inc (RSI) is expected to report for 4Q.
Signal Gold is expected to report for Full year.
Sleep Country Canada Holdings is expected to report for 4Q.
Sotherly Hotels (SOHO) is expected to report for 4Q.
Southern Copper Corp (SCCO,SCCO.VL) is expected to report $0.58 for 4Q.
Sterling Check Corp (STER) is expected to report for 4Q.
Thor Industries Inc (THO) is expected to report $0.65 for 2Q.
Tourmaline Oil Corp (TOU.T) is expected to report for 4Q.
United Natural Foods Inc (UNFI) is expected to report $-0.14 for 2Q.
VersaBank is expected to report $0.45 for 1Q.
Victoria's Secret & Co (VSCO) is expected to report for 4Q.
Viemed Healthcare Inc (VMD,VMD-T) is expected to report $0.14 for 4Q.
Whitestone REIT (WSR) is expected to report $0.05 for 4Q.
Xeris Biopharma Holdings Inc (XERS) is expected to report for 4Q.
Powered by Kantar Media and Dow Jones.
ANALYST RATINGS ACTIONS
ARS Pharmaceuticals Raised to Outperform From Market Perform by Leerink Partners
AT&T Raised to Outperform From Peer Perform by Wolfe Research
BARK Raised to Buy From Hold by Jefferies
Cable One Raised to Buy From Neutral by MoffettNathanson
Chemours Cut to Neutral From Buy by UBS
Floor & Decor Holdings Cut to Neutral From Buy by UBS
Genesco Cut to Neutral From Buy by B. Riley Securities
GlobalFoundries Cut to Neutral From Positive by Susquehanna
Lyft Raised to Buy From Hold by Argus Research
ONE Gas Raised to Buy From Neutral by Ladenburg Thalmann
Philip Morris Cut to Hold From Buy by Argus Research
R1 RCM Cut to Hold From Buy by Truist Securities
Williams-Sonoma Cut to Hold From Buy by Loop Capital
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
03-06-24 0636ET
