September 14, 2015 / 6:39 PM / 3 years ago

What to Watch in the Day Ahead - Tuesday, Sept 15

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The U.S. Commerce Department is scheduled to release key data that investors will peruse closely
for indications on the health of the economy ahead of the Federal Reserve's interest rate
announcement. Retail sales are expected to have increased 0.3 percent in August, after a 0.6
percent rebound in July. (0830/1230) Meanwhile, industrial production is forecast to have
slipped 0.2 percent last month. (0915/1315) Also, business inventories are likely to have added
0.1 percent in July after gaining 0.8 percent in June. (1000/1400)
Amazon founder Jeff Bezos is expected to unveil plans for a launch site and manufacturing
complex for his Blue Origin rocket company at Cape Canaveral Air Force Station in Florida.
The Canadian Real Estate Association, an industry group for real estate agents, releases
existing home sales data for August. The sales were down 0.4 percent in July from June, the
second consecutive monthly decline.

Dozens of Canadian energy producers including Suncor Energy Inc, Canadian Natural Resources Ltd,
Cenovus Energy Inc and Husky Energy Inc will be present at the Peters & Co energy conference in
Toronto. The three-day conference will see these companies addressing topics such as the cost
structure of the oil sands and maximizing oil netbacks. Other topics up for discussion include
LNG, oil development in Saskatchewan, and attracting investment capital to Canada.
Chile's central bank meets to set the interest rate, widely expected to be held at 3.0 percent,
although bets are increasing that it will begin to increase soon in the face of stubbornly high
inflation. Separately, Peru's annual gross domestic product is likely to have contracted by 3.20
percent in July from 3.87 percent in June. In August, Peru lowered its growth forecasts for 2015
and 2016 and warned of further "negative shocks" to the mining-powered economy, citing fears of
an abrupt slowdown in China and the likelihood of an interest rate hike in the United States.
Argentina's Economy Minister Axel Kicillof presents his final budget bill for 2016 before
presidential elections next month. President Cristina Fernandez has ramped up spending ahead of
the vote to spur economic growth and create jobs. While there are signs of a fragile economic
recovery taking root going into the vote, central bank data shows she is furiously printing,
fueling inflationary pressures and driving the fiscal deficit wider.
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 (Compiled by Hardik Vyas in Bengaluru; Editing by Savio D'Souza)
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