Highlights
Trading resumes Tuesday in many markets around the world after the New Year's holidays.
In Switzerland, the SVME purchasing managers' index (PMI) for the manufacturing sector is forecast at 53.3 in December, down from 53.9 in November.
The German unemployment rate in December is expected to hold steady at 5.6 percent while inflation is seen easing to 9.1 percent in December from 10.0 percent in November. On the month, the CPI is forecast to have fallen 0.3 percent after a 0.5 percent drop the previous month.
No revisions are expected to the UK manufacturing PMI at a preliminary 44.7 for December, which was down from 46.5 in November.
In the US, the final manufacturing PMI for December is expected to come in unchanged from the mid-month report at 46.2, a reading indicating tangible contraction.
After slipping 0.3 percent in October, construction spending in November is expected to fall 0.4 percent as residential building in particular remains weak.
Trading in Japanese markets resumes on Wednesday (7 p.m. EST Tuesday).
Business conditions among Japan's manufacturing sector remained in negative territory in December after posting their first contraction in nearly two years in November amid slowing global demand and despite signs of easing price pressures. Little change was expected in the final data. In the flash data released last month, the manufacturing PMI fell to 48.8 from 49.0 in November, when it slipped below the key line of 50 for the first time since January 2021.
In Switzerland, the SVME purchasing managers' index (PMI) for the manufacturing sector is forecast at 53.3 in December, down from 53.9 in November.
The German unemployment rate in December is expected to hold steady at 5.6 percent while inflation is seen easing to 9.1 percent in December from 10.0 percent in November. On the month, the CPI is forecast to have fallen 0.3 percent after a 0.5 percent drop the previous month.
No revisions are expected to the UK manufacturing PMI at a preliminary 44.7 for December, which was down from 46.5 in November.
In the US, the final manufacturing PMI for December is expected to come in unchanged from the mid-month report at 46.2, a reading indicating tangible contraction.
After slipping 0.3 percent in October, construction spending in November is expected to fall 0.4 percent as residential building in particular remains weak.
Trading in Japanese markets resumes on Wednesday (7 p.m. EST Tuesday).
Business conditions among Japan's manufacturing sector remained in negative territory in December after posting their first contraction in nearly two years in November amid slowing global demand and despite signs of easing price pressures. Little change was expected in the final data. In the flash data released last month, the manufacturing PMI fell to 48.8 from 49.0 in November, when it slipped below the key line of 50 for the first time since January 2021.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
