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Networking chipmaker Broadcom is expected to report a nearly 25% jump in October quarter revenue, while investors watch closely for indications of demand for its custom AI chips amid worries of an AI bubble. Costco is expected to post a rise in first-quarter revenue, fueled by strong demand for essentials, including groceries, at its stores. Investors will look for comments on the impact of tariff-led uncertainty on consumer sentiment, updates on supply chain management, pricing as well as annual forecasts.
On the U.S. econ front, the Labor Department will release the weekly jobless claims report, with initial claims for unemployment benefits forecast to rise to 220,000 for the week ended December 6 from 191,000 in the prior week, while continued claims for the week ended November 29 are expected to edge up to 1.947 million from 1.939 million in the previous week. Additionally, the Commerce Department's Bureau of Economic Analysis and Census Bureau is set to publish September trade balance data, with the deficit forecast to widen to $63.3 billion from $59.6 billion in August. The department will also report wholesale inventories for September, which are expected to show a 0.1% monthly increase. Lululemon Athletica is expected to post a rise in quarterly revenue as the activewear maker benefits from strong demand for its apparel with Americans spending on nice-to-have items despite broader economic weakness. Investors will watch out for comments on the company's holiday performance so far. London's Competition Appeal Tribunal will hear a bid to certify legal action against Microsoft over a claim that thousands of businesses using cloud computing services provided by Amazon, Google and Alibaba could be paying higher license fees to use Windows Server software. Competition lawyer Maria Luisa Stasi filed the case last year, claiming that British businesses and organizations could collectively be owed more than 1 billion pounds in compensation. The Economic Club of New York holds a fireside chat with Reed Hastings, Founder and Chair of Netflix. The Federal Reserve will be releasing figures on the financial health of U.S. households in its Flow of Funds report for the third quarter of 2025. (1200/1700) Lumexa Imaging is expected to debut on the Nasdaq stock exchange in New York after closing its initial public offering. Rivian will host an Autonomy and AI Day to showcase new technologies.On the Canada economic front, Statistics Canada will release September trade balance data, with the deficit expected to narrow to C$4.5 billion from C$6.32 billion in the previous month.On the earnings front, Canadian discount retailer Dollarama is expected to post a rise in its third-quarter revenue, helped by resilient demand of its affordable house supplies and groceries. Investors will look for comments on pricing actions and the impact of rising economic uncertainty on consumer sentiment.In Latin American front, the Brazilian Institute of Geography and Statistics is expected to release October retail sales data, with monthly sales forecast to have fallen 0.1%, following a 0.3% decline in September. On an annual basis, retail sales are projected to have dropped 0.20% after a reading of 0.80% gain in the previous month. In Argentina, the INDEC statistics agency will report November inflation data, with monthly prices expected to rise 2.4%, after an increase of 2.3% in October, while annual inflation is seen easing to 30.9%, following a reading of 31.3% in the previous month. Meanwhile, in Peru, the central bank is expected to keep its benchmark interest rate unchanged at 4.25%.
(Compiled by Shriya Anantapur; Edited by Vijay Kishore)
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