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U.S. Day Ahead: Expect a buoyant Nov for retail says analyst

Wednesday, November 30, 2011 - 02:30

Nov. 30 - Thomson Reuters Retail Analyst Jharonne Martis says companies are well placed for the start of the Holiday season, with November sales set to rise by over 3 percent.

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Here is you're US stay ahead let's check how much of of those Black Friday was to retailers with the release of same store sales data. Expect overall sales to rise by three point 1% in November thanks to extend its store hours and dramatic discounts. Thomson Reuters retail analyst around Marcus says -- is a well placed for the start of the holiday season. Retailers expected to post healthy November same store sales. On top of great numbers last year consumer confidence has also improved and the unemployment rate is somewhat stable and this could boost retail sales. As a result we're expecting a 2.4 percent gain this holiday season. The auto industry will give an update on total vehicle sales for November expect a modest rise of thirteen point four million units analysts are worried the financial crisis in Europe. Could derail the slow recovery in the US market. Actors -- watch sport will be the impact of recent high floods on Toyota and Honda. Also on tap key employment and manufacturing numbers. 8:30 AMC's the release of weekly initial jobless claims construction spending -- the ISM manufacturing survey are out at 10 AM. I have ours says the IS patent should show manufacturing growth this pretty slow only rebounding to 51 point seven in November. Atlanta fed president Dennis Lockhart is set to talk about what's holding back housing at 9 AM. This has been seeing an overhang and inventories which is hitting prices. Lockhart will also be the first US Central Bank official SP. Since the coordinated action by other institutions. To stem the European debt crisis big names on main street will dominate corporate results before the bell investors we'll hear from Barnes & Noble J. Crew and Kroger. H&R block reports after the close. The bookstore chain is the huge start -- stand -- though Barnes & Noble since the earnings of seven cents a share a surprise to the upside of over 40%. When compared to the mean estimate. And it will be a star studded occasion when the financial stability oversight council holds a regulation conference in DC. Top speakers will include Treasury Secretary Tim Geithner Securities and Exchange Commission chairman Mary Schapiro and Commodity Futures Trading Commission chairman Gary Gensler. I'm Rhonda schaffler this is writers and -- there.

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U.S. Day Ahead: Expect a buoyant Nov for retail says analyst

Wednesday, November 30, 2011 - 02:30