Newspaper article Charleston Gazette Mail

Markets

Newspaper article Charleston Gazette Mail

Markets

Article excerpt

The Week Ahead

Housing dividend A strengthening U.S. housing market has been a boon for the nations largest home-improvement retailer. Home Depots quarterly sales and earnings have risen to record heights this year as home construction has picked up and more homeowners take advantage of rising home equity to pay for remodeling projects. Did the trend continue in the August-October quarter? Find out on Tuesday, when Home Depot serves up its third-quarter results.

Mixed results Wal-Mart Stores reports its latest quarterly results on Thursday. Financial analysts anticipate that the companys earnings declined in the third quarter from a year earlier even as revenue increased. Thats been the pattern this year for the worlds largest retailer, which is trying to fend off competition from online leader Amazon.com, dollar stores and traditional grocers like Kroger.

Economic barometer A measure of the U.S. economys future health is expected to have improved last month. Economists anticipate that the Conference Board will report on Friday that its index of leading indicators inched up 0.1 percent in October after rising by 0.2 percent a month earlier. The index, derived from data that for the most part have already been reported individually, is designed to anticipate economic conditions three to six months out.

Peso takes a beating Global investors are seriously worried about Mexico. The election of Donald Trump has caused investors to bet heavily against Mexico, its currency and Mexican companies. They worry that Trumps plans to build along the border, throw out undocumented immigrants renegotiate trade agreements will damage the countrys economy. The peso has fallen 8 percent this week to roughly 20 pesos to the dollar, its lowest value in history. In comparison, the peso traded at roughly 13.50 pesos to the dollar two years ago, well before Trump announced his candidacy. …

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