Thanksgiving, Black Friday 2015 and GDP in US - New York Report

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US markets will be closed on Thursday for the Thanksgiving holiday and Friday will be a half-session day, so expect a relatively quiet week.

That said, there is still plenty going on with the yearly Black Friday shopping tradition set to blow the doors off most retailers on Friday.

Online retail giant Amazon will be adding fuel to the fires all week, stoking customers into a shopping frenzy with deals all week.

Other retailers in the US are both embracing and shunning the event in higher numbers than ever, all but guaranteeing it will be breaking records for sales both in the US and the UK once again.

A smattering of economic reports will further build anticipation of the prospect of an interest rate rise from the Fed in December with the Commerce Department expected to report that the gross domestic product grew at an annual rate of two per cent in the third quarter, up from previous estimates.

Food companies are set to dominate the earnings landscape in the run up to the Thanksgiving holiday, with Tyson Foods and Post Holdings report results later today, followed tomorrow by Campbell Soup and Hormel Foods tomorrow.

We also are expecting luxury retailer Tiffany’s third quarter numbers tomorrow, set to beat analyst expectations, as well as discount retailer Dollar Tree’s third-quarter numbers.

Recently divided computer company Hewlett-Packard is for the last time reporting its combined results tomorrow, with consumer side HP Inc expected to have done well, but growth concerns abiding for Hewlett Packard Enterprise.

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