What to Watch in the Day Ahead - Friday, Feb. 6

jueves 5 de febrero de 2015 15:29 GYT

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Credit rating agency Moody's fourth-quarter results are expected to be in line with estimates,
according to Thomson Reuters StarMine data. The company's bond rating business, which forms the
bulk of its revenue, is expected to drop due to a fall in global debt activity for in the
quarter. Moody's, which authorized a new $1 billion share buyback program recently, also
acquired data and analytical tools provider Lewtan Technologies to boost its analytics business.
January's employment report will likely show that nonfarm payrolls increased 234,000, according
to a Reuters survey of economists, which would be the longest stretch of job gains above 200,000
since 1994. (0830/1330) The unemployment rate is forecast to hold steady at a 6-1/2 year low of
5.6 percent. (0830/1330) Later, Federal Reserve issues Consumer Installment Credit for December,
which is likely to show consumer credit rose to $15 billion from $14.08 billion in November.
Federal Reserve Bank of Atlanta President Dennis Lockhart speaks on monetary policy and the
economic outlook before the Southwest Florida Business Leaders Luncheon in Naples. (1245/1745)
As Uranium producer Cameco Corp reports fourth-quarter results, investors will be interested in
updates on the production ramp-up of its newest mine at Cigar Lake, Saskatchewan. The company is
also expected to release guidance for 2015 uranium production and sales.
Brazil's government is expected to name a new CEO for state-run oil company Petrobras, hoping to
win back investor confidence in the midst of an ongoing severe corruption scandal. Markets are
hoping for an independent figure who will make credible write downs on key assets involved in
the graft, and signal a less active role in the company's management for leftist President Dilma
Canada's economy is expected to have added 4,500 jobs in January after revisions to December's
figures showed a loss of 11,300 positions last month. The unemployment rate is forecast to hold
steady at 6.7 percent. Analysts will be looking for signs of whether the recent drop in oil
prices is translating to job losses in the energy sector. (0830/1330)
The value of Canadian building permits is forecast to have gained by 5 percent in December,
recovering some of the nearly 14 percent drop that was seen the month before. (0830/1330)
Brazil's inflation as measured by the benchmark IPCA index likely rose to 1.24 percent in
January from December, up from 0.78 percent in the previous month, according to the median
forecast of economists polled by Reuters. Local and federal authorities raised taxes, bus fares
and electricity tariffs to shore up public finances. (0600/1100)

Mexico's national statistics institute reveals January consumer confidence index. (0900/1400)
Separately, Chile government agency releases inflation data for January. (0600/1100)

 (Compiled By Astha Rawat in Bengaluru; Editing by Saumyadeb Chakrabarty)