Highlights
In Switzerland, KOF's leading indicator is expected to rise a further 1.2 points in January to 93.4. Though rising 2.7 points in December, this index has remained well below its 100 long-run average.
The Eurozone's EC economic sentiment index has improved the last two reports and is expected to improve further in January, to a consensus 96.7 versus 95.8 in December.
The US data calendar is thin on Monday.
Japanese payrolls are expected to have posted their fifth straight year-over-year growth in December as the tourism industry has been hiring workers to meet reopening demand and factory operators and contractors are catching up, while the unemployment rate is seen unchanged at 2.5 percent after edging down in November from 2.6 percent. Eased Covid rules and the government's subsidy program for domestic travel have been supporting hotels and retail stores. The eighth wave of the pandemic might have pushed up the jobless rate slightly to 2.6 percent.
Japan's industrial production is forecast to have fallen 1.3 percent on the month in December, after a slight 0.2 percent gain (revised up from a 0.1 percent dip) in November and a slump in October, in light of cooling global demand as seen in a 4.7 percent drop in real exports in December, led by lower shipments of capital goods and automobiles after recent gains. From a year earlier, production is seen falling 3.9 percent for a second straight drop after posting its first fall in four months in November (revised up to a 0.9% drop from a 1.3% fall).
Retail sales in Japan are expected to have gained 3.2 percent on year in December, with the pace of increase slowing from over 4 percent gains seen from August to October as fuel prices have eased and some people were cautious about stepping out amid another spike in Covid infections. On the month, retail sales are seen up 0.8 percent after marking their first drop in five months in November, down 1.3% (revised down from a 1.1% drop), as colder weather propped up demand for winter clothing.
In Australia, retail sales are expected to edge 0.1 percent lower on the month in December after surging an above-forecast 1.4 percent in November, led by Black Friday sales. Clothing, footwear and personal accessory retailing led the sharp increase while sales at department stores rebounded.
Chinese business conditions appear to be picking up at the start of the year after key indexes fell deeper into contraction in December.
The CFLP manufacturing PMI is expected to improve to 49.8 in January from 47.0 in December while the non-manufacturing PMI is expected to surge back into expansionary ground at 51.4 from 41.6 the previous month.
The Eurozone's EC economic sentiment index has improved the last two reports and is expected to improve further in January, to a consensus 96.7 versus 95.8 in December.
The US data calendar is thin on Monday.
Japanese payrolls are expected to have posted their fifth straight year-over-year growth in December as the tourism industry has been hiring workers to meet reopening demand and factory operators and contractors are catching up, while the unemployment rate is seen unchanged at 2.5 percent after edging down in November from 2.6 percent. Eased Covid rules and the government's subsidy program for domestic travel have been supporting hotels and retail stores. The eighth wave of the pandemic might have pushed up the jobless rate slightly to 2.6 percent.
Japan's industrial production is forecast to have fallen 1.3 percent on the month in December, after a slight 0.2 percent gain (revised up from a 0.1 percent dip) in November and a slump in October, in light of cooling global demand as seen in a 4.7 percent drop in real exports in December, led by lower shipments of capital goods and automobiles after recent gains. From a year earlier, production is seen falling 3.9 percent for a second straight drop after posting its first fall in four months in November (revised up to a 0.9% drop from a 1.3% fall).
Retail sales in Japan are expected to have gained 3.2 percent on year in December, with the pace of increase slowing from over 4 percent gains seen from August to October as fuel prices have eased and some people were cautious about stepping out amid another spike in Covid infections. On the month, retail sales are seen up 0.8 percent after marking their first drop in five months in November, down 1.3% (revised down from a 1.1% drop), as colder weather propped up demand for winter clothing.
In Australia, retail sales are expected to edge 0.1 percent lower on the month in December after surging an above-forecast 1.4 percent in November, led by Black Friday sales. Clothing, footwear and personal accessory retailing led the sharp increase while sales at department stores rebounded.
Chinese business conditions appear to be picking up at the start of the year after key indexes fell deeper into contraction in December.
The CFLP manufacturing PMI is expected to improve to 49.8 in January from 47.0 in December while the non-manufacturing PMI is expected to surge back into expansionary ground at 51.4 from 41.6 the previous month.
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.
