Highlights
In the UK, inflation has been easing gradually but remains high. The consumer price index is expected to post a 0.4 percent rise on the month in December in December after rising at the same pace in November. The year-over-year increase is seen slowing slightly to 10. 5 percent from 10.7 percent.
For the Eurozone, no revisions are expected to the provisional harmonised index of consumer prices (HICP) data, leaving a 9.2 percent annual headline inflation rate and a 5.2 percent narrow core.
Amid high inflation and rising borrowing costs, US retail sales are expected to post a 0.8 percent fall in December following November's weaker-than-expected 0.6 percent decline. Excluding vehicles, sales are seen falling at a faster pace of 0.5 percent after slipping 0.2 percent the previous month. Excluding both vehicles and gasoline, sales are seen dipping 0.1 percent after a 0.2 percent drop.
Producer prices in December are forecast to fall 0.1 percent on the month for a year-over-year increase of 6.8 percent that would compare with 7.4 percent in November, which was down from 8.0 percent in October. The annual core rate in December is seen at 5.6 percent versus November's 6.2 percent.
Industrial production in the US has been falling into contraction and further contraction, at a consensus loss of 0.1 percent, is expected for December versus November's 0.2 percent fall. Manufacturing output is expected to fall 0.2 percent after a 0.6 percent drop.
Business inventories in November are expected to rise 0.4 percent following a 0.3 percent build in October.
The US housing market index is forecast at 31 for January, unchanged from December. The index has missed Econoday's consensus every month in 2022.
Atlanta Federal Reserve Bank President Raphael Bostic will give welcome remarks before the Federal Reserve Bank of Atlanta's Model Risk Management Forum at 9 a.m. EST (1400 GMT).
St. Louis Federal Reserve Bank President James Bullard will participate in a Wall Street Journal webcast interview at 9:30 a.m. EST (1430 GMT).
At 5 p.m. EST (2200 GMT), Dallas Federal Reserve Bank President Lorrie Logan will speak before an event hosted by the University of Texas at Austin McCombs School of Business.
The year-over-year rise in Japanese export values is forecast to have decelerated to 9.6 percent in December from 20.0 percent in November on slowing global demand as China struggles with a renewed spike in Covid cases. Lower energy markets and the yen's slight rebound are also expected to have slowed the pace of import gains to 20.6 percent from 30.3 percent. The trade deficit is forecast at ¥1.653 trillion, narrower than a revised ¥2.029 trillion seen the previous month.
In Australia, employment is expected to continue to rise in December, at an estimated 20,000 versus 64,000 in November, which was much stronger than expected. The unemployment rate is expected to hold steady at 3.4 percent.
For the Eurozone, no revisions are expected to the provisional harmonised index of consumer prices (HICP) data, leaving a 9.2 percent annual headline inflation rate and a 5.2 percent narrow core.
Amid high inflation and rising borrowing costs, US retail sales are expected to post a 0.8 percent fall in December following November's weaker-than-expected 0.6 percent decline. Excluding vehicles, sales are seen falling at a faster pace of 0.5 percent after slipping 0.2 percent the previous month. Excluding both vehicles and gasoline, sales are seen dipping 0.1 percent after a 0.2 percent drop.
Producer prices in December are forecast to fall 0.1 percent on the month for a year-over-year increase of 6.8 percent that would compare with 7.4 percent in November, which was down from 8.0 percent in October. The annual core rate in December is seen at 5.6 percent versus November's 6.2 percent.
Industrial production in the US has been falling into contraction and further contraction, at a consensus loss of 0.1 percent, is expected for December versus November's 0.2 percent fall. Manufacturing output is expected to fall 0.2 percent after a 0.6 percent drop.
Business inventories in November are expected to rise 0.4 percent following a 0.3 percent build in October.
The US housing market index is forecast at 31 for January, unchanged from December. The index has missed Econoday's consensus every month in 2022.
Atlanta Federal Reserve Bank President Raphael Bostic will give welcome remarks before the Federal Reserve Bank of Atlanta's Model Risk Management Forum at 9 a.m. EST (1400 GMT).
St. Louis Federal Reserve Bank President James Bullard will participate in a Wall Street Journal webcast interview at 9:30 a.m. EST (1430 GMT).
At 5 p.m. EST (2200 GMT), Dallas Federal Reserve Bank President Lorrie Logan will speak before an event hosted by the University of Texas at Austin McCombs School of Business.
The year-over-year rise in Japanese export values is forecast to have decelerated to 9.6 percent in December from 20.0 percent in November on slowing global demand as China struggles with a renewed spike in Covid cases. Lower energy markets and the yen's slight rebound are also expected to have slowed the pace of import gains to 20.6 percent from 30.3 percent. The trade deficit is forecast at ¥1.653 trillion, narrower than a revised ¥2.029 trillion seen the previous month.
In Australia, employment is expected to continue to rise in December, at an estimated 20,000 versus 64,000 in November, which was much stronger than expected. The unemployment rate is expected to hold steady at 3.4 percent.
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.
