Highlights
In Switzerland, first-quarter GDP is expected to edge up 0.1 percent on the quarter versus no growth in the prior quarter.
The Swiss KOF leading indicator is forecast to slide from 96.4 in April to 95.0 in May and so move further below its 100 long-run average.
In Eurozone, annual broad money growth (on a 3-month basis) is expected to slow a from 2.9 percent in March to 2.5 percent in April.
The EC economic sentiment index, which in April improved marginally to 99.3, is expected to rise slightly to 99.4 in May.
Among US data, the Case-Shiller home price index is forecast to show the adjusted 20-city monthly rate fell 0.1 percent in March versus a 0.1 percent increase in February for an unadjusted annual rate of minus 1.6 percent versus February's plus 0.4 percent.
The Federal Housing Finance Agency (FHFA) house price index had been flat before rising a surprising 0.5 percent in February. March's consensus is a monthly rise of 0.3 percent.
The Conference Board consumer confidence index is expected to sink further in May to 100.0 from April's 101.3, which was much weaker than expected and reflected sharp declines in job and income expectations.
The Dallas Fed manufacturing activity index is expected to post a 13th straight negative score, at a consensus of minus 19.5 in May versus minus 23.4 in April, which was much lower than expected.
Richmond Federal Reserve Bank President Thomas Barkin will participate in a fireside chat before virtual NABE Monetary Policy and Outlook Webinar at 1 p.m. EDT (1700 GMT).
Japan's industrial production is forecast to post a third straight monthly gain in April, up 1.8 percent after an upwardly revised 1.1 percent rise in March, as improving parts supply has been supporting the auto industry and a rise in real exports indicates overseas demand for electronics devices and production machinery remains solid. From a year earlier, output is expected to mark its first increase in six months, up 1.9 percent, following a revised 0.6 percent dip.
Japanese retail sales are likely to post their 14th straight year-over-year rise in April, with the pace of increase accelerating to 7.3 percent from a downwardly revised 6.9 percent in March, led by department store and new vehicle sales. Retail sales are seen up 0.8 percent for a fifth consecutive rise on the month after a revised 0.3 percent rise.
In Australia, consensus for consumer prices in April are expected to re-accelerate slightly to a year-over-year 6.4 percent from 6.3 percent in March, which compared with expectations for 6.6 percent.
China's CFLP manufacturing PMI is expected to improve slightly to 49.7 in May after sinking back below the breakeven 50 level to 49.2 in April. The non-manufacturing PMI, after slowing by 2.2 points to 56.4 in April, is expected to fall 1.4 points to 55.0.
The Swiss KOF leading indicator is forecast to slide from 96.4 in April to 95.0 in May and so move further below its 100 long-run average.
In Eurozone, annual broad money growth (on a 3-month basis) is expected to slow a from 2.9 percent in March to 2.5 percent in April.
The EC economic sentiment index, which in April improved marginally to 99.3, is expected to rise slightly to 99.4 in May.
Among US data, the Case-Shiller home price index is forecast to show the adjusted 20-city monthly rate fell 0.1 percent in March versus a 0.1 percent increase in February for an unadjusted annual rate of minus 1.6 percent versus February's plus 0.4 percent.
The Federal Housing Finance Agency (FHFA) house price index had been flat before rising a surprising 0.5 percent in February. March's consensus is a monthly rise of 0.3 percent.
The Conference Board consumer confidence index is expected to sink further in May to 100.0 from April's 101.3, which was much weaker than expected and reflected sharp declines in job and income expectations.
The Dallas Fed manufacturing activity index is expected to post a 13th straight negative score, at a consensus of minus 19.5 in May versus minus 23.4 in April, which was much lower than expected.
Richmond Federal Reserve Bank President Thomas Barkin will participate in a fireside chat before virtual NABE Monetary Policy and Outlook Webinar at 1 p.m. EDT (1700 GMT).
Japan's industrial production is forecast to post a third straight monthly gain in April, up 1.8 percent after an upwardly revised 1.1 percent rise in March, as improving parts supply has been supporting the auto industry and a rise in real exports indicates overseas demand for electronics devices and production machinery remains solid. From a year earlier, output is expected to mark its first increase in six months, up 1.9 percent, following a revised 0.6 percent dip.
Japanese retail sales are likely to post their 14th straight year-over-year rise in April, with the pace of increase accelerating to 7.3 percent from a downwardly revised 6.9 percent in March, led by department store and new vehicle sales. Retail sales are seen up 0.8 percent for a fifth consecutive rise on the month after a revised 0.3 percent rise.
In Australia, consensus for consumer prices in April are expected to re-accelerate slightly to a year-over-year 6.4 percent from 6.3 percent in March, which compared with expectations for 6.6 percent.
China's CFLP manufacturing PMI is expected to improve slightly to 49.7 in May after sinking back below the breakeven 50 level to 49.2 in April. The non-manufacturing PMI, after slowing by 2.2 points to 56.4 in April, is expected to fall 1.4 points to 55.0.
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.
