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The U.S. Labor Department's closely watched employment report is expected to show that in January, nonfarm payrolls increased by 170,000 jobs after recording a rise of 256,000 jobs in December. Private payrolls probably rose by 141,000 jobs, compared with 223,000 jobs in the prior month. Meanwhile, the unemployment rate is likely to come in at 4.1% in January, similar to prior month's reading. Additionally, average hourly earnings likely inched up 0.3% in January, while, on annual basis, average hourly earnings is forecast to have risen 3.8% after posting a 3.9% growth in December. Also, the Commerce Department's Census Bureau is expected to report that wholesale inventories fell 0.5% in December, matching previous month’s figure. Separately, the preliminary reading of the University of Michigan's consumer sentiment index for February is likely to remain unchanged at 71.1.
Federal Reserve Board Governor Michelle Bowman is expected to speak on bank regulation before the 2025 Wisconsin Bankers Association Bank Executives Conference in Milwaukee. (0925/1425) Meanwhile, Fed Board Governor Adriana Kugler is due to speak on "Entrepreneurship and Aggregate Productivity" before the 2025 Miami Economic Forum in Miami. (1200/1700)
Cboe Global Markets is set to release its fourth-quarter results. Analysts expect a rise in profit.
Kimco Realty is expected to post a rise in fourth-quarter revenue, helped by strong demand for rental spaces. Investors will look out for 2025 forecast and comments on competition in commercial space leasing.
Sam Altman, co-founder and CEO of OpenAI, is slated to participate in a panel at the Technical University Berlin on artificial intelligence.
Belgium-based cement producer Titan America is expected to list its shares on the New York Stock Exchange, seeking a valuation of up to $3.32 billion.
Cable providers Comcast and Charter Communications are set to defend at a trial against allegations that their software infringes patents owned by software developer Touchstream related to streaming videos from one screen to another.
Biocon and Viatris' Mylan is set to ask a U.S. appeals court to overturn a ruling that their proposed biosimilars of Regeneron's blockbuster eye-care drug Eylea would infringe Regeneron's patents.
Statistics Canada is expected to show that the Canadian economy likely added 25,000 jobs in January, after recording a rise of 90,000 jobs in December. Meanwhile, the unemployment rate probably inched up to 6.8% in January from 6.7% in December.
In Latin America, Brazil's inflation, as measured by the IGP-DI price index, is expected to have increased 0.08% in January, following a 0.87% rise in the previous month. Additionally, the country’s trade ministry is due to report that trade surplus likely shrank to $3.015 billion in January, from $4.803 billion in the prior month. Meanwhile, Mexico’s consumer prices for January is expected to rise 0.31% and 3.61% on annual basis. Core consumer price index is likely to have increased 0.45% last month. Meanwhile, the country's January PPI figures are also due for release. Chile’s statistics agency, INE, is expected to report that consumer prices rose 0.9% in January. Additionally, the country is likely to post a trade surplus of $2.62 billion for January, up from a surplus of $2.39 billion posted in December.
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(Compiled by Lactus Fernandes in Bengaluru; Edited by Sahal Muhammed)
((Lactus.Fernandes@thomsonreuters.com;))
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