What to Watch in the Day Ahead - Wednesday, Nov 11
(The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at . Thomson One users can register at RT/DAY/US. All times in ET/GMT) Macy's Inc, the operator of Macy's and Bloomingdale's department stores, is expected to report third-quarter sales below the average analyst estimate, according to Thomson Reuters StarMine. Analysts expect the company's sales to have been slow and pushed by heavy discounts as unseasonally warm weather in September and most of October led to shoppers delaying purchases of cold weather apparel and footwear, which department stores stock up on mainly in these months. Lower discretionary spending and low mall traffic are also expected to have hurt Macy's sales. Apple Inc's iPad Pro will be available to order online before it arrives at stores later this week. The 12.9 inch-screen tablet, which starts at $799 but costs more than $1,000 if buyers also want a keyboard and an optional stylus, will be available in more than 40 countries, including the United States, the UK, China and Japan. Deadline looms for brewer Anheuser-Busch InBev to make a formal $100 billion-plus takeover bid for rival SABMiller Plc, after the date was extended last week. The two companies had reached a preliminary agreement on Oct. 13 on a takeover. Since then, AB InBev has completed a due diligence review of its target, reconfirmed the terms of its proposed offer and negotiated facilities to fund a takeover at short notice. The Mortgage Bankers Association will release its index on U.S. mortgage application activity in the week ended Nov. 6. (0700/1200) Mexico's industrial output is expected to have expanded in September for the fourth month in a row. Industrial output in September is expected to have risen 0.3 percent from August and 1.33 percent from a year earlier. (0900/1400) LIVECHAT - The Economist's Corner with Philip Shaw, chief economist, Investec Join Philip Shaw, chief economist at Investec, at 0515/1015 for a look at the diverging policies of the U.S. Federal Reserve and European Central Bank as we weigh which will make its expected next policy move first. To join the Global Markets Forum, click here bit.ly/1kTxdKD (Compiled by Nayyar Rasheed in Bengaluru; Editing by Kirti Pandey)
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