Highlights
The focus for this week is on the US consumer inflation data on Thursday. The annual rate in overall prices is forecast to tick up to 3.3 percent in July from 3.0 percent in June but the rate for the core CPI (excluding food and energy) is expected to remain at 4.8 percent.
Among data on Monday, Switzerland's unemployment rate is expected to be unchanged at a seasonally adjusted 2.0 percent in July.
German industrial production is forecast to show a 0.5 percent drop on the month in June after falling 0.2 percent in May. From a year earlier, output is seen falling 0.4 percent after rising 0.9 percent the previous month.
US consumer credit is expected to increase $14.1 billion in June versus a smaller-than-expected increase of $7.3 billion in May.
Japan's real household spending is forecast to have posted its fourth straight decline on the year in June, down 4.5 percent versus May's 4.0 percent dip, as mobile phone users are seeking discount plans and consumers are generally frugal amid high costs for daily necessities while pent-up demand on traveling and eating out remains solid.
Expenditures appear to be nearly flat on the month in June, up 0.2 percent, after falling 1.1 percent in May and 1.3 percent in April, which would confirm the median forecast that private consumption in the April-June period will be nearly flat, up just 0.1 percent on quarter, providing little contribution to second quarter GDP growth.
China's trade surplus is forecast at $68.00 billion in July, narrowing form $70.62 in June. Exports are expected to fall 12.6 percent on the year after slumping a worse-than-expected 12.4 percent in June while imports are seen falling 5.3 percent following a 6.8 percent dip. The world's second-largest economy is struggling to recover from the pandemic-caused slump as global growth is slowing and domestic demand is sluggish.
Among data on Monday, Switzerland's unemployment rate is expected to be unchanged at a seasonally adjusted 2.0 percent in July.
German industrial production is forecast to show a 0.5 percent drop on the month in June after falling 0.2 percent in May. From a year earlier, output is seen falling 0.4 percent after rising 0.9 percent the previous month.
US consumer credit is expected to increase $14.1 billion in June versus a smaller-than-expected increase of $7.3 billion in May.
Japan's real household spending is forecast to have posted its fourth straight decline on the year in June, down 4.5 percent versus May's 4.0 percent dip, as mobile phone users are seeking discount plans and consumers are generally frugal amid high costs for daily necessities while pent-up demand on traveling and eating out remains solid.
Expenditures appear to be nearly flat on the month in June, up 0.2 percent, after falling 1.1 percent in May and 1.3 percent in April, which would confirm the median forecast that private consumption in the April-June period will be nearly flat, up just 0.1 percent on quarter, providing little contribution to second quarter GDP growth.
China's trade surplus is forecast at $68.00 billion in July, narrowing form $70.62 in June. Exports are expected to fall 12.6 percent on the year after slumping a worse-than-expected 12.4 percent in June while imports are seen falling 5.3 percent following a 6.8 percent dip. The world's second-largest economy is struggling to recover from the pandemic-caused slump as global growth is slowing and domestic demand is sluggish.
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.
