Highlights
German manufacturers' orders are expected to rise 2.0 percent on the month in May, which would compare with an unexpected 0.4 decrease in April that followed a 10.0 percent plunge in March.
In the Eurozone, retail sales volumes in May are expected to rise 0.2 percent on the month after being unchanged in April, when consumers spent less on food and auto fuel. Monthly volumes have risen only once since last November.
Among US data, forecasters see ADP's June employment number at 235,000. This would compare with May growth in private payrolls reported by the Bureau of Labor Statistics of 283,000. ADP's number for May was very close at 278,000.
A deficit of $69.4 billion is expected in May for total goods and services trade, which would compare with a $74.6 billion deficit in April. Advance data on the goods side of May's report showed a $6.0 billion narrowing in the deficit.
New jobless claims for the July 6 week are expected to come in at 245,000 versus 239,000 in the prior week.
Business activity in the US service sector is expected to stay in positive territory for the sixth straight month in June, with the Institute for Supply Management (ISM) index seen rising to 50.8, just above the neutral line, after slipping to a five-month low of 50.3 in May as employment remained a mixed bag and faster deliveries pointed to slower demand.
The Labor Department's JOLTS report is expected to show job openings fell to 9.9 million in May from 10.103 million in April, which was much higher than expected and pointed to strong resilience in labor demand.
In Canada, May's trade balance is seen in surplus of C$1.2 billion versus April's surplus of C$1.939 billion.
Dallas Federal Reserve Bank President Lorie Logan will participate in a panel discussion titled"Policy Challenges for Central Banks" at the Annual Meeting of the Central Bank Research Association, in New York.
Japan's real household spending is forecast to post a third straight drop on year in May, down 2.5 percent, amid a widespread move to switch to discount mobile phone plans. But the pace of decline is seen slowing from 4.4 percent in April because the year-over-year increase in the CPI minus home owners' equivalent rent -- the inflation measure used to calculate real expenditures -- eased to 3.8 percent in May from 4.1 percent in April.
On the month, real spending is expected to rise 0.5 percent for the first increase in four months after falling 1.4 percent in April. New vehicle sales have been increasing on faster deliveries amid improved supply chains. More people are eating out and traveling more freely in the absence of strict public health rules and thanks to domestic travel subsidies.
In the Eurozone, retail sales volumes in May are expected to rise 0.2 percent on the month after being unchanged in April, when consumers spent less on food and auto fuel. Monthly volumes have risen only once since last November.
Among US data, forecasters see ADP's June employment number at 235,000. This would compare with May growth in private payrolls reported by the Bureau of Labor Statistics of 283,000. ADP's number for May was very close at 278,000.
A deficit of $69.4 billion is expected in May for total goods and services trade, which would compare with a $74.6 billion deficit in April. Advance data on the goods side of May's report showed a $6.0 billion narrowing in the deficit.
New jobless claims for the July 6 week are expected to come in at 245,000 versus 239,000 in the prior week.
Business activity in the US service sector is expected to stay in positive territory for the sixth straight month in June, with the Institute for Supply Management (ISM) index seen rising to 50.8, just above the neutral line, after slipping to a five-month low of 50.3 in May as employment remained a mixed bag and faster deliveries pointed to slower demand.
The Labor Department's JOLTS report is expected to show job openings fell to 9.9 million in May from 10.103 million in April, which was much higher than expected and pointed to strong resilience in labor demand.
In Canada, May's trade balance is seen in surplus of C$1.2 billion versus April's surplus of C$1.939 billion.
Dallas Federal Reserve Bank President Lorie Logan will participate in a panel discussion titled"Policy Challenges for Central Banks" at the Annual Meeting of the Central Bank Research Association, in New York.
Japan's real household spending is forecast to post a third straight drop on year in May, down 2.5 percent, amid a widespread move to switch to discount mobile phone plans. But the pace of decline is seen slowing from 4.4 percent in April because the year-over-year increase in the CPI minus home owners' equivalent rent -- the inflation measure used to calculate real expenditures -- eased to 3.8 percent in May from 4.1 percent in April.
On the month, real spending is expected to rise 0.5 percent for the first increase in four months after falling 1.4 percent in April. New vehicle sales have been increasing on faster deliveries amid improved supply chains. More people are eating out and traveling more freely in the absence of strict public health rules and thanks to domestic travel subsidies.
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.
