Highlights
After no change in October, UK industrial production in November is expected to fall 0.2 percent on the month. Manufacturing output is also seen 0.2 percent lower following a 0.7 percent gain.
The UK merchandise trade data is expected to show a deficit of £14.9 billion in November, widening slightly from £14.48 billion in October.
The UK GDP in the month of November is expected to contract 0.2 percent versus 0.5 percent growth in October.
In France, no revisions are expected to the provisional CPI data that showed a 0.1 percent drop on the month and a 5.9 percent rise on the year in December.
Industrial production in Italy is expected to rise 0.3 percent on the month in November after a 1.0 percent fall in October.
In the Eurozone, production in November is forecast to rise a monthly 0.4 percent after posting a particularly poor 2.0 percent decline in October.
Among US data, import prices are expected to fall 0.9 percent on the month in December following a 0.6 percent decline in November. Export prices, which fell 0.3 percent in November, are expected to slip 0.7 percent. Both import and export prices have been cooling significantly.
The University of Michigan's consumer sentiment index is expected to edge up to 60.0 in the first reading for January from 59.7 in December.
At 10:20 a.m. EST (1520 GMT), Philadelphia Federal Reserve Bank President Patrick Harker will speak on the Chamber of Commerce for Greater Philadelphia Economic Outlook Survey, and participate in a panel of regional business leaders on the economic trends that will impact Greater Philadelphia in 2023.
The UK merchandise trade data is expected to show a deficit of £14.9 billion in November, widening slightly from £14.48 billion in October.
The UK GDP in the month of November is expected to contract 0.2 percent versus 0.5 percent growth in October.
In France, no revisions are expected to the provisional CPI data that showed a 0.1 percent drop on the month and a 5.9 percent rise on the year in December.
Industrial production in Italy is expected to rise 0.3 percent on the month in November after a 1.0 percent fall in October.
In the Eurozone, production in November is forecast to rise a monthly 0.4 percent after posting a particularly poor 2.0 percent decline in October.
Among US data, import prices are expected to fall 0.9 percent on the month in December following a 0.6 percent decline in November. Export prices, which fell 0.3 percent in November, are expected to slip 0.7 percent. Both import and export prices have been cooling significantly.
The University of Michigan's consumer sentiment index is expected to edge up to 60.0 in the first reading for January from 59.7 in December.
At 10:20 a.m. EST (1520 GMT), Philadelphia Federal Reserve Bank President Patrick Harker will speak on the Chamber of Commerce for Greater Philadelphia Economic Outlook Survey, and participate in a panel of regional business leaders on the economic trends that will impact Greater Philadelphia in 2023.
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.
