Highlights
Swiss retail sales are expected to fall 1.4 percent on the year in April after slipping 1.9 percent in March.
In France, consumption of manufactured goods by consumers is seen rising a modest 0.3 percent on the month in April after dipping 1.2 percent in March.
French inflation in May is expected to slow to a 5.7 percent year-over-year rate versus 5.9 percent in April, which was higher than expected and up from February's 5.7 percent.
As for French first quarter GDP, quarterly growth is expected to be unrevised at a modest 0.2 percent.
In Germany, unemployment in May is expected to hold steady at 5.6 percent.
German CPI data for May is expected to show a 6.5 year-over-year increase, slowing from 7.2 percent in April, which was lower than expected and helped by a sharp drop in food.
Italy's quarterly GDP growth is expected to be unrevised at a 0.5 percent.
India's GDP is seen growing 5.0 percent on year in the March quarter versus 4.4 percent growth in the December quarter and 6.3 percent in the September quarter.
Among US data, the Chicago PMI is expected to fall in May to 47.0 versus 48.6 in April, which was the eighth straight month of sub-50 contraction.
Job openings have been falling, to 9.590 million March from 9.974 million in February and from more than 10 million in January and more than 11 million in December. Forecasters see April openings at 9.350 million
In Canada, GDP in March is expected to fall back 0.1 percent after monthly growth of only 0.1 percent in February. For the January-March quarter, the economy is expected to post a 2.4 percent annualized growth rate, indicating resilience amid high borrowing costs, after showing no growth in the fourth quarter.
Among Fed talk, Boston Federal Reserve Bank President Susan Collins will give closing remarks before the virtual Fed Listens event to discuss challenges and opportunities following the disruptions of the COVID-19 pandemic at 12:20 p.m. EDT (1620 GMT).
Philadelphia Federal Reserve Bank President Patrick Harker will participate in a fireside chat on the global macroeconomy and monetary conditions before the Official Monetary and Financial Institutions Forum at 13:30 p.m. EDT (1730 GMT).
At the same time, Federal Reserve Board Governor Philip Jefferson will speak virtually on Financial Stability and the U.S. Economy to the 22nd Annual International Conference on Policy Challenges for the Financial Sector.
Australia's capital Expenditures for the first quarter are expected to rise 1.0 percent on the quarter versus 2.2 percent expansion in the fourth quarter.
In China, Caixin's manufacturing PMI in May is expected to hold steady at April's sub-50 level of 49.5.
In France, consumption of manufactured goods by consumers is seen rising a modest 0.3 percent on the month in April after dipping 1.2 percent in March.
French inflation in May is expected to slow to a 5.7 percent year-over-year rate versus 5.9 percent in April, which was higher than expected and up from February's 5.7 percent.
As for French first quarter GDP, quarterly growth is expected to be unrevised at a modest 0.2 percent.
In Germany, unemployment in May is expected to hold steady at 5.6 percent.
German CPI data for May is expected to show a 6.5 year-over-year increase, slowing from 7.2 percent in April, which was lower than expected and helped by a sharp drop in food.
Italy's quarterly GDP growth is expected to be unrevised at a 0.5 percent.
India's GDP is seen growing 5.0 percent on year in the March quarter versus 4.4 percent growth in the December quarter and 6.3 percent in the September quarter.
Among US data, the Chicago PMI is expected to fall in May to 47.0 versus 48.6 in April, which was the eighth straight month of sub-50 contraction.
Job openings have been falling, to 9.590 million March from 9.974 million in February and from more than 10 million in January and more than 11 million in December. Forecasters see April openings at 9.350 million
In Canada, GDP in March is expected to fall back 0.1 percent after monthly growth of only 0.1 percent in February. For the January-March quarter, the economy is expected to post a 2.4 percent annualized growth rate, indicating resilience amid high borrowing costs, after showing no growth in the fourth quarter.
Among Fed talk, Boston Federal Reserve Bank President Susan Collins will give closing remarks before the virtual Fed Listens event to discuss challenges and opportunities following the disruptions of the COVID-19 pandemic at 12:20 p.m. EDT (1620 GMT).
Philadelphia Federal Reserve Bank President Patrick Harker will participate in a fireside chat on the global macroeconomy and monetary conditions before the Official Monetary and Financial Institutions Forum at 13:30 p.m. EDT (1730 GMT).
At the same time, Federal Reserve Board Governor Philip Jefferson will speak virtually on Financial Stability and the U.S. Economy to the 22nd Annual International Conference on Policy Challenges for the Financial Sector.
Australia's capital Expenditures for the first quarter are expected to rise 1.0 percent on the quarter versus 2.2 percent expansion in the fourth quarter.
In China, Caixin's manufacturing PMI in May is expected to hold steady at April's sub-50 level of 49.5.
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.
