What to Watch in the Day Ahead - Friday, March 27

jueves 26 de marzo de 2015 14:37 GYT

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The Commerce Department is scheduled to publish the final reading on real GDP for the fourth
quarter of 2014. (0830/1230) Real GDP increased at an annual rate of 2.2 percent in the quarter,
according to the second estimate released by the Bureau of Economic Analysis. The University of
Michigan is scheduled to release final reading on the overall index on consumer sentiment for
March. (1000/1400)
Carnival Corp, the world's largest cruise operator, forecast first-quarter profit below
analysts' average estimates in December, with net revenue yields not growing more than 1
percent. Analysts expect demand and pricing to have improved since. The company has been in
talks with government agencies in China to develop a cruise line for the fast-growing market, as
it battles growing competition in the Caribbean. Investors will look for signs of improved
pricing in the Caribbean after months of discounting and updates on the proposed cruise line in
Federal Reserve Chair Janet Yellen speaks at the Federal Reserve Bank of San Francisco
Conference "The New Normal for Monetary Policy". (1545/1945). 
BlackBerry Ltd is expected to report a fourth-quarter loss and a sharp decline in revenue. Much
of this has already been baked into expectations, and the big focus will be on any indications
of an uptick in software revenue. Analysts and investors will be looking for signs whether the
company can deliver on its promise of growing software revenue, as it pivots to become more of a
software and services player.    
Federal Reserve Vice Chair Stanley Fischer speaks on "The Nonbank Financial Sector: Issues and
Regulation" before a Deutsche Bundesbank conference in Frankfurt. (0630/1030) 
Brazil is expected to release fourth-quarter GDP data. (0800/1200) Latin America's largest
economy probably contracted in the quarter as investments plunged, capping the worst year since
2009. Recent methodological changes to Brazil's national accounts make this release particularly
hard to predict. Separately, Mexico's statistics institute is due to release trade balance data
and jobless rate for February. (1000/1400)

 (Compiled by Astha Rawat in Bengaluru)