Highlights
In France, the INSEE's business climate indicator is expected to dip below its long-run average to 99 in August from 100 in July.
At 7:30 a.m. EDT (1130 GMT/1330 CET), the European Central Bank will release the minutes of its July 27 meeting at which the Governing Council decided to raise the three key ECB interest rates by another 25 basis points, lifting its policy rate to 4.25 percent. Inflation continues to decline but is still expected to remain too high for too long, the council said in the July statement.
Among key US data, forecasters see durable goods orders falling 4.0 percent on the month in August to reverse most of July's 4.6 percent aircraft-fed jump. Excluding transportation, orders are seen up 0.2 percent, with core capital goods orders unchanged.
New jobless claims for the August 19 week are expected to come in at 241,000, up slightly from 239,000 in the prior week.
The Chicago Fed national activity index is expected to hold steady at a weak minus 0.30 in July versus minus 0.32 in June that was pulled lower by general weakness outside of employment which, nevertheless, was nearly flat.
Consumer inflation in Tokyo, the leading indicator of the national average, is forecast to have moderated slightly to 2.9 percent in August from 3.0 percent in July in the core CPI (excluding fresh food) and to 3.0 percent from 3.2 percent in total CPI, as utility charges fell at a faster pace and the base effect of last year's mobile phone price hikes had waned.
Amid lingering upward pressures on the costs for processed food, beverages and other daily necessities, the core-core CPI (excluding fresh food and energy) annual rate is seen ticking up to a fresh 41-year high of 4.1 percent in August from 4.0 percent in July but some forecasters project this narrow measure will also cool off slightly on easing import prices.
At 7:30 a.m. EDT (1130 GMT/1330 CET), the European Central Bank will release the minutes of its July 27 meeting at which the Governing Council decided to raise the three key ECB interest rates by another 25 basis points, lifting its policy rate to 4.25 percent. Inflation continues to decline but is still expected to remain too high for too long, the council said in the July statement.
Among key US data, forecasters see durable goods orders falling 4.0 percent on the month in August to reverse most of July's 4.6 percent aircraft-fed jump. Excluding transportation, orders are seen up 0.2 percent, with core capital goods orders unchanged.
New jobless claims for the August 19 week are expected to come in at 241,000, up slightly from 239,000 in the prior week.
The Chicago Fed national activity index is expected to hold steady at a weak minus 0.30 in July versus minus 0.32 in June that was pulled lower by general weakness outside of employment which, nevertheless, was nearly flat.
Consumer inflation in Tokyo, the leading indicator of the national average, is forecast to have moderated slightly to 2.9 percent in August from 3.0 percent in July in the core CPI (excluding fresh food) and to 3.0 percent from 3.2 percent in total CPI, as utility charges fell at a faster pace and the base effect of last year's mobile phone price hikes had waned.
Amid lingering upward pressures on the costs for processed food, beverages and other daily necessities, the core-core CPI (excluding fresh food and energy) annual rate is seen ticking up to a fresh 41-year high of 4.1 percent in August from 4.0 percent in July but some forecasters project this narrow measure will also cool off slightly on easing import prices.
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.
