Live News: Target ditches retirement policy to keep Brian Cornell as chief

0

©REUTERS

Bank of Canada: Canada’s central bank is expected to raise its benchmark interest rate by 0.75 percentage points to 3.25% at its policy meeting, according to economists polled by Refinitiv. Inflation slowed in July, mainly due to lower gasoline prices. Despite the moderation, the national inflation rate is far from the Canadian central bank’s 2% target, suggesting that significant rate hikes are on the horizon. In July, the Bank of Canada announced a historic 1 percentage point hike in interest rates, the largest since 1998.

Stopping the game: Investors will focus on how the video game retailer fared when the gaming industry faced adverse trends. Hardware and software makers have suffered weaker sales and engagement in recent months as gamers return to real-world activities following the easing of pandemic restrictions and reconfigure their spending to deal with a cost crisis of life. Gamestop’s second-quarter revenue is expected to rise 7% to $1.3 billion, according to analysts polled by Refinitiv, though its loss is expected to widen to 52 cents a share from a loss of 21 cents ago. a year.

American international trade: The U.S. trade deficit is expected to narrow from $79.6 billion in June to $70.3 billion in July, according to economists polled by Refinitiv.

Fed Beige Book: The Federal Reserve will release its report on economic conditions in its 12 central banking districts.

fedspeak: Federal Reserve Vice Chairman Lael Brainard to speak on monetary policy at the annual conference of the Clearing House and the Bank Policy Institute. Michael Barr, the central bank’s vice president for oversight, will speak on making the financial system fairer and safer at the Brookings Institution’s Hutchins Center on Fiscal & Monetary Policy. Loretta Mester and Thomas Barkin, chairs of the Cleveland and Richmond branches of the Fed, are also expected to speak at events.

Other companies: Retailer American Eagle Outfitters, software company Asana and catering and entertainment company Dave & Buster’s all report after the bell. Sporting goods company Academy Sports and Outdoors will report before the bell.

Canada’s trade balance: Canada’s trade balance is expected to rise from $5.05 billion in June to $3.8 billion in July, according to economists polled by Refinitiv.

Share.

Comments are closed.