Items to watch today include U.S. inflation and employment data, and insights contained in Broadcom and Costco Wholesale’s annual results.
U.S. wholesale price growth: The U.S. producer price index, which tracks wholesale price inflation, is expected to rise at an annualized rate of 2.6% in November, compared with 2.4% in October. The PPI numbers were released a day after data showed consumer prices rose 2.7% in the year to November, in line with expectations and confirming expectations that the Federal Reserve will cut interest rates next week. Ta.
Initial unemployment claims: The number of new US unemployment claims for the week ending December 7 is expected to fall to 220,000 from 224,000 the previous week.
Broadcom: Investors will listen intently for new product announcements from the U.S. chipmaker when it releases earnings after the market closes. The company’s fourth-quarter sales are expected to increase 52% to $14.1 billion.
Costco Wholesale: Investors are keeping an eye on the major retailer’s latest insights on holiday consumer spending. Costco’s first-quarter sales are expected to rise 7% to $62.1 billion.
