As Friday dawns in North America, several key events are set to unfold that will undoubtedly capture the attention of investors, economists, and the general public alike. From crucial US job figures to anticipated earnings releases from big-name companies like Delta Air Lines, Walgreens Boots Alliance, and Constellation Brands, the day promises to be filled with significant developments.
US Job Figures and Consumer Sentiment:
- Economists are keeping a close eye on the anticipated US job figures for December. They predict a potential decrease in job growth compared to November, with an estimated addition of 160,000 jobs. Meanwhile, the unemployment rate is expected to remain steady at 4.2%, reflecting the current state of the US economy.
- The University of Michigan will also unveil its preliminary consumer sentiment index for January. Forecasts suggest a slight dip in sentiment, with expectations of a drop from 74.0 in December to 73.8 in January. This data will provide valuable insights into consumer confidence levels and potential economic trends.
Earnings Reports:
- Delta Air Lines, headquartered in Atlanta, is poised to reveal its fourth-quarter revenues, with a projected 3.8% year-on-year increase to $14.2 billion. The airline industry has been significantly impacted by the ongoing global situation, making Delta’s financial performance a closely watched indicator.
- Walgreens Boots Alliance is expected to share updates on its potential sale to private equity firm Sycamore Partners. Investors are eagerly anticipating any news surrounding this development when the US pharmacy chain releases its latest earnings report.
- Constellation Brands, renowned for producing Modelo, the top-selling beer in the US, will also announce its earnings. The performance of the beverage giant will provide valuable insights into consumer preferences and economic trends within the alcohol industry.
As the day progresses, the outcomes of these events will undoubtedly shape discussions within financial markets and beyond. Stay tuned for further updates and analysis on these critical developments.
