April 14, 2016 / 6:34 PM / 2 years ago

What to Watch in the Day Ahead - Friday, April 15

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Citigroup Inc is expected to report a jump in its first-quarter profit as the bank finally puts
its legal and repositioning costs behind. Investors have worried that slowing growth in emerging
markets, where Citi has more assets than other U.S. banks, may hurt its results. But Citi has
managed to allay concerns with a tight lid on expenses.
U.S. industrial production is expected to have fallen in March as declines in mining and
utilities output offset modest gains in manufacturing, the latest indication that economic
growth braked sharply in the first quarter. According to a Reuters survey of economists,
industrial production likely slipped 0.1 percent last month after declining 0.5 percent in
February. It would be the sixth drop in the past seven months. There are signs, however, that
the worst of the industrial sector downturn is over, with manufacturing surveys turning higher
in recent months. (0915/1315) Separately, the University of Michigan's preliminary consumer
sentiment index for April is due to be released. (1000/1400)
Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions
and monetary policy, before the J.P. Morgan Investment Seminar in Washington. The Fed is nearing
the blackout period before its next meeting, so this will be one of the final public appearances
before then. April is pretty much off the table, but as economic conditions seem to stabilize
around the world, investors are looking for whether the drift towards June is starting to
accelerate. (1250 /1650)
Central bankers and finance ministers gather for 2016 Spring Meetings of the International
Monetary Fund (IMF) and the World Bank Group. Meanwhile, the IMF holds a discussion on "Private
Sector Solutions in Challenging Markets" and "Sub-Saharan Africa: Just a Rough Patch?". The
World Bank's Jim Yong Kim participates in discussion on "Forced Displacement: A Global
Development Challenge." Meanwhile, the World Bank's Kim and United Nations Secretary General Ban
Ki-Moon participate in an evening event, "A Celebration of the United Nations and World Bank
Group Partnership". The World Bank also holds a discussion on "Digital Dividends for East Asia
Pacific - Faster Growth, More Jobs and Better Governance?", "Competition Policy in Developing
Countries: Helping Markets Perform Better" and "Powering Up Growth: Ideas for Beating the
Indian IT services provider Infosys Ltd is expected to report fourth-quarter revenue and profit
slightly above estimates, according to Thomson Reuters StarMine data, helped by its focus on
high-margin automation and digital services. However, revenue growth is expected to have taken a
hit due to a stronger dollar. Investors and analysts will look for details on the company's 2017
forecast and strategy as well as any major deal wins in the quarter. 
Regions Financial Corp's first-quarter results are expected to get a boost from higher U.S.
interest rates, but some analysts think this could be tempered by yet more provisions for bad
energy loans. When the Birmingham, Alabama-based bank releases its quarterly results, its shares
are expected to respond to the outlook on its energy exposure, which stood at $3.2 billion at
the end of the fourth quarter. The bank may also provide updates on its strategy to grow its
mortgage, capital markets and wealth management businesses to protect itself in a low
interest-rate environment.
Exchange operator BATS Global Markets is expected to make a second attempt at going public on
its own stock exchange. A software glitch during BATS's initial attempt at an IPO caused the
company's share price to plunge and led to the canceling of the offering. 
Canadian manufacturing sales are expected to have declined by 1.5 percent in February, giving
back some of the previous month's strong gain. Despite the anticipated decrease, analysts will
be looking for signs the economy can maintain its recent momentum through the first quarter.
The industry group for Canadian real estate agents will report sales of existing homes in March.
Sales had climbed in February from January, driven by gains in Toronto and Vancouver, helping to
sustain a property boom that some forecasters have warned could end in a crash.
Peru's economy is expected to have grown 5.10 percent from a year earlier in February, faster
than the 3.41 percent clocked in January.
Adam Szubin, the U.S. Treasury's acting under secretary for terrorism and financial
intelligence, participates in a panel discussion on sanctions and national security at the
Center for New American Security. He speaks amid recent speculation that the Treasury might be
making moves to make it easier for Iranian oil transactions to be done in dollars.
LIVECHAT - THE WEEK AHEAD with Reuters specialist markets editor Nigel Stephenson
Join Nigel as he goes through the key macroeconomic and political themes for the coming week.
(0600/1000) To join the Global Markets Forum, click here bit.ly/1kTxdKD

 (Compiled by Sourav Bose in Bengaluru; Editing by Kirti Pandey)
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