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Items to watch today include US inflation and employment data, and any information contained in Broadcom and Costco Wholesale’s annual results.
US Wholesale Inflation: The U.S. producer price index, which tracks wholesale price inflation, is expected to have risen 2.6 percent annually in November, compared with 2.4 percent in October. The PPI figures come a day after data showed consumer prices rose 2.7 percent in the year through November, in line with forecasts and underscoring expectations that the Federal Reserve will cut interest rates. next week.
Initial unemployment claims: New claims for jobless aid in the United States are expected to have fallen to 220,000 in the week ending December 7, from 224,000 in the previous week.
Broadcom: Investors will be interested in any new product announcements from the American chipmaker when it reports results after the market closes. The company is expected to post a 52 percent increase in fourth-quarter revenue, to $14.1 billion.
Wholesale Costco: Investors will be keeping an eye on the big box retailer’s latest statistics on consumer spending in the holiday season. Costco is expected to post a 7 percent increase in first-quarter revenue to $62.1 billion.
