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Deere is expected to report a sharp fall in its fourth-quarter profit when it reports results. Investors will be looking for commentary on farm equipment demand and dealer inventories.
The Labor Department's Bureau of Labor Statistics will report initial claims for state unemployment benefits for the week ended Nov. 16 probably climbed to 220,000 from 217,000 in the previous week. The number of people receiving benefits after an initial week of aid, or continuing claims, likely remained unchanged at 1.873 million during the week ending Nov. 2.
Gap is expected to post a rise in third-quarter revenue as turnaround efforts help drive full-price demand for its Old Navy and namesake brands. Investors will watch out for comments on holiday quarter expectations as discretionary spending remains choppy in the United States.
Federal Reserve Bank of Cleveland President Beth Hammack will give welcome remarks and participate in a conversation before the 2024 Financial Stability Conference: Emerging Risks in a Time of Interconnectedness and Innovation, hosted by the Cleveland Fed and the Office of Financial Research. (0845/1345 & 1230/1730) Federal Reserve Bank of Chicago President Austan Goolsbee is scheduled to participate in a moderated question-and-answer session before the Central Indiana Corporate Partnership in Indianapolis. (1225/1725) Federal Reserve Vice Chair for Supervision Michael Barr will participate in a discussion about "Banks and Artificial Intelligence" before the 2024 FinRegLab AI Symposium in Washington. (1640/2140)
Analysts expect Baidu to report a fall in revenue in the September quarter, hurt by macroeconomic pressures on its advertising business. Analysts are also looking for commentary on how it expects to recover.
Statistics Canada will release October producer prices data for the month of October.
TurboTax parent Intuit is expected to report higher first-quarter revenue, helped by steady demand for its financial management tools.
Ross Stores is expected to post a rise in third-quarter revenue, as the off-price retailer benefits from steady demand for discretionary goods from budget-conscious consumers. Investors will watch out for comments on consumer sentiment and the company's expectations for the holiday quarter.
NetApp is expected to report a rise in second-quarter revenue helped by robust demand for its cloud services, as more companies look to streamline vast amounts of data and gain insights.
Mexico's September retail sales data is scheduled for release.
(Compiled by Nachiket Tekawade in Bengaluru; Editing by Tasim Zahid)
((Nachiket.Tekawade@thomsonreuters.com;))
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