September 10, 2015 / 6:33 PM / 3 years ago

What to Watch in the Day Ahead - Friday, Sept 11

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The U.S. Labor Department will report the producer price index (PPI) for final demand. The index
is expected to have declined 0.1 percent in August after rising 0.2 percent in July. The PPI is
estimated to have fallen 0.9 percent in the 12 months to August. It had fallen 0.8 percent in
the year to July. (0830/1230) Separately, the University of Michigan will release its consumer
sentiment index, which is expected to have slipped to 91.2 in early September from 91.9 in
August. (1000/1400) In a separate report, the U.S. government is expected to post a budget
deficit of $81.5 billion in August. (1400/1800)

Kroger Co, the biggest U.S. supermarket operator, is expected to report second-quarter profit
above analysts' estimates. The company, which owns the Ralphs, Smith's and Food 4 Less grocery
chains as well as its namesake supermarkets, is expected to have benefited from lower dairy,
meat and produce costs in the quarter. In June, Kroger had raised its identical supermarket
sales growth forecast for the full year, citing lower prices for milk, produce and seafood.

Recreational vehicle maker BRP Inc is expected to report a smaller loss for the second quarter,
helped by higher shipments of its Ski-Doo snowmobiles and Sea-Doo watercrafts. The company
recently unveiled new versions of its products. BRP is expected to have benefited from lower oil
prices, which might have boosted demand for its sports vehicles. Investors will be looking for
comments on the impact of the weak Canadian dollar and demand from its overseas markets such as
Russia and Brazil.

Canada's national balance sheet figures, which include the household debt-to-income ratio, will
be released. The consumer and housing markets have supported economic recovery during years of
low interest rates and the Bank of Canada watches the measure for signs consumers may be

Mexico's industrial output is expected to have fallen 0.1 percent in July after bouncing back in
June from a steep drop in the previous month. (0900/1300) Separately, Argentina will release its
consumer prices data for August. Inflation accelerated to 1.3 percent in July.

Reuters will be speaking with TD Bank Chief Executive Bharat Masrani about the lender's plans in
the competitive U.S. market. The company, which has steadily grown its retail business over the
past decade, recently announced a push in capital markets. The biggest Canadian bank by assets
has been expanding its presence in the Northeast.

LIVECHAT - THE WEEK AHEAD - with Reuters markets editor Mike Dolan
Join Mike Dolan as he goes through the key macroeconomic and political themes for the coming
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 (Compiled by Nayyar Rasheed in Bengaluru; Editing by Kirti Pandey)
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