Germany's trade surplus for November increased on month but overall trade flows declined, a sign of a slowing economy as high energy prices and rising interest rates take a toll on demand for goods.
The German adjusted trade surplus--the balance of exports and imports of goods--stood at 10.8 billion euros ($11.45 billion) in November, up from the EUR6.8 billion surplus registered in October, data from the country's statistics office Destatis showed Thursday.
Pope Francis Presides Over Funeral for Pope Benedict XVI
VATICAN CITY-Pope Francis presided over the funeral of his predecessor Pope Benedict XVI on Thursday, in a solemn and grand ceremony, but one that did not focus on the deceased's life or accomplishments.
Francis's homily was mostly a meditation on the last words of Jesus, from the Gospel reading earlier in the Mass. The pope mentioned Benedict only in a few remarks, recalling "the wisdom, tenderness and devotion that he bestowed upon us over the years."
Washington, D.C. to Overhaul Criminal Code Despite Mayor's Objections, Council Member Says
A Washington, D.C. council member says officials plan to push through an overhaul of the district's criminal code despite a veto issued Wednesday by Mayor Muriel Bowser, who said the proposed changes would weaken public safety at a time of heightened concern about crime.
Council member Charles Allen, who led the public-safety committee when the district council passed the overhaul bill in November, indicated that the council would vote to override the veto. The body's next legislative meeting is scheduled for Feb. 7, but a representative for Mr. Allen said it is possible a meeting could happen sooner.
Write to ina.kreutz@wsj.com TODAY IN CANADA
Earnings:
Nothing major scheduled
Economic Indicators (ET):
0815 Dec Official International Reserves
0830 Nov International merchandise trade
Stocks to Watch:
ATS Receives $81.3M of EV Orders
Celltrion's Anticancer Biosimilar Drug Approved for Sale in Canada; Health Canada Approved Vegzelma, a Copy of Bevacizumab Branded as Avastin; Vegzelma Has Been Approved for Sale in 35 Countries So Far
Expected Major Events for Thursday
00:01/UK: 1Q Manpower UK Employment Outlook Survey
05:00/JPN: Dec Auto sales
05:00/JPN: Dec Consumer Confidence Survey
05:01/US: 1Q Manpower U.S. Employment Outlook Survey
07:00/GER: Nov Foreign Trade
09:00/UK: Dec UK monthly car registrations figures
09:00/ITA: 3Q General Govt Quarterly Accounts
09:30/UK: Dec UK Official Reserves
09:30/UK: Dec S&P Global / CIPS UK Services PMI
09:30/UK: Dec Narrow money (Notes & Coin) and reserve balances
10:00/ITA: Dec Provisional CPI
10:00/ITA: Dec Cities CPI
12:30/US: Dec Challenger Job-Cut Report
13:15/US: Dec ADP National Employment Report
13:15/CAN: Dec Official International Reserves
13:30/CAN: Nov International merchandise trade
13:30/US: Nov U.S. International Trade in Goods & Services
13:30/US: 12/31 Unemployment Insurance Weekly Claims Report - Initial Claims
14:45/US: Dec US Services PMI
15:30/US: 12/30 EIA Weekly Natural Gas Storage Report
16:00/US: 12/30 EIA Weekly Petroleum Status Report
16:00/US: Dec Global Services PMI
17:00/US: Dec Monthly U.S. Retail Chain Store Sales Index
21:30/US: Federal Discount Window Borrowings
21:30/US: Foreign Central Bank Holdings
All times in GMT. Powered by Onclusive and Dow Jones.
Expected Earnings for Thursday
Aehr Test Systems (AEHR) is expected to report for 2Q.
AngioDynamics (ANGO) is expected to report $-0.18 for 2Q.
Buckle Inc (BKE) is expected to report.
Chase Corp (CCF) is expected to report for 1Q.
Conagra Brands Inc (CAG) is expected to report $0.65 for 2Q.
Constellation Brands Inc (STZ) is expected to report $2.96 for 3Q.
Costco Wholesale Corp (COST) is expected to report.
Duck Creek Technologies Inc (DCT) is expected to report for 1Q.
EBET Inc (EBET) is expected to report for 4Q.
Educational Development Corp (EDUC) is expected to report for 3Q.
Ford Motor Company (F) is expected to report.
Franklin Covey Co (FC) is expected to report $0.28 for 1Q.
Kura Sushi USA Inc (KRUS) is expected to report for 1Q.
Lamb Weston Holdings Inc (LW) is expected to report $0.73 for 2Q.
Lindsay Corp (LNN) is expected to report $1.19 for 1Q.
MSC Industrial Direct Co Inc (MSM) is expected to report $1.46 for 1Q.
Neogen Corp (NEOG) is expected to report $-0.08 for 2Q.
Park Aerospace Corp (PKE) is expected to report for 3Q.
Provident Bancorp Inc (PVBC) is expected to report for 3Q.
RPM International Inc (RPM) is expected to report $1.13 for 2Q.
Schnitzer Steel Industries Inc (SCHN) is expected to report $0.58 for 1Q.
Simply Good Foods (SMPL) is expected to report $0.38 for 1Q.
Walgreens Boots Alliance Inc (WBA) is expected to report $0.94 for 1Q.
Powered by Onclusive and Dow Jones.
ANALYST RATINGS ACTIONS
Air Products & Chemicals Cut to Hold From Buy by Vertical Research
American Well Raised to Buy From Neutral by B of A Securities
Amplitude Raised to Buy From Neutral by B of A Securities
Apollo Endosurgery Cut to Hold From Buy by Stifel
AvalonBay Cut to Hold From Buy by Deutsche Bank
Bank of New York Mellon Raised to Buy From Neutral by Goldman Sachs
Bank of New York Mellon Raised to Outperform From Peer Perform by Wolfe Research
BigCommerce Holdings Cut to Neutral From Buy by B of A Securities
Boston Beer Cut to Underperform From Hold by Jefferies
Boston Properties Cut to Hold From Buy by Deutsche Bank
Burlington Stores Raised to Hold From Sell by Loop Capital
Celanese Raised to Outperform From Sector Perform by RBC Capital
CH Robinson Worldwide Cut to Neutral From Buy by B of A Securities
CH Robinson Worldwide Cut to Sell From Neutral by UBS
Charles Schwab Raised to Buy From Neutral by Goldman Sachs
Chart Industries Raised to Strong Buy From Market Perform by Raymond James
Corning Raised to Outperform From Neutral by Credit Suisse
Cousins Properties Cut to Underperform From Neutral by Mizuho
Crown Holdings Cut to Neutral From Outperform by Baird
CS Disco Cut to Underperform From Neutral by B of A Securities
CS Disco Raised to Buy From Hold by Canaccord Genuity
Deciphera Pharmaceuticals Raised to Buy From Neutral by Guggenheim
Digital Realty Cut to Underperform From Neutral by Credit Suisse
Duck Creek Technologies Cut to Underperform From Neutral by B of A Securities
Emerson Electric Cut to Neutral From Buy by UBS
Enfusion Cut to Underperform From Neutral by B of A Securities
Etsy Raised to Buy From Hold by Needham
Forward Air Cut to Hold From Buy by Jefferies
Freshworks Cut to Hold From Buy by Canaccord Genuity
Goldman Sachs Cut to Peer Perform From Outperform by Wolfe Research
Hayward Holdings Raised to Buy From Hold by Jefferies
Honeywell Intl Cut to Sell From Buy by UBS
Independence Realty Trust Cut to Hold From Buy by Deutsche Bank
Invitation Homes Cut to Hold From Buy by Deutsche Bank
JB Hunt Cut to Sell From Neutral by UBS
JFrog Raised to Buy From Neutral by B of A Securities
Kimberly-Clark Cut to Hold From Buy by Jefferies
Merck Raised to Buy From Neutral by B of A Securities
Microsoft Cut to Neutral From Buy by UBS
Morgan Stanley Cut to Neutral From Buy by UBS
Morgan Stanley Cut to Underperform From Outperform by Wolfe Research
National Beverage Cut to Underperform From Hold by Jefferies
NextEra Energy Partners Raised to Market Perform From Underperform by Raymond James
Norfolk Southern Cut to Equal-Weight From Overweight by Wells Fargo
Northern Trust Cut to Neutral From Buy by Goldman Sachs
NOV Raised to Overweight From Equal-Weight by Morgan Stanley
O-I Glass Raised to Buy From Neutral by Citigroup
Overstock.com Cut to Hold From Buy by Needham
Pfizer Cut to Neutral From Buy by B of A Securities
Phathom Pharma Shares Drop 39% After Delay of Vonoprazen Launch
PowerSchool Raised to Buy From Neutral by B of A Securities
Rapid7 Cut to Equal-Weight From Overweight by Barclays
Retail Opp Investment Cut to Market Perform From Outperform by Raymond James
RPT Realty Cut to Hold From Buy by Deutsche Bank
Saul Centers Cut to Market Perform From Outperform by Raymond James
Sealed Air Cut to Neutral From Buy by Citigroup
Seer Cut to Underperform From Neutral by B of A Securities
SM Energy Cut to Neutral From Overweight by JP Morgan
Subscribers: Disregard Morgan Stanley Ratings Headlines
TransUnion Raised to Overweight From Equal-Weight by Morgan Stanley
Veeva Systems Raised to Overweight From Equal-Weight by Barclays
Vera Therapeutics Cut to Hold From Buy by Jefferies
Vera Therapeutics Cut to Neutral From Outperform by Wedbush
Vornado Raised to Neutral From Underperform by Mizuho
Xylem Cut to Underperform From Market Perform by Raymond James
ZoomInfo Technologies Cut to Neutral From Buy by B of A Securities
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
01-05-23 0618ET