Highlights
In Switzerland, the KOF leading indicator is expected to fall back to 91.3 in Augusta after rising from 90.7 in June to 92.2 in July.
In Italy, confidence in the consumer sector is seen slipping from 106.7 in July to 105.0 in August while its manufacturing counterpart is expected to fall from 99.3 to 98.0.
The European Commission's economic sentiment index for August is expected to fall back to 93.9 from 94.5 in July, which was a full point improvement from June.
Germany's inflation is seen easing in August. The consumer price index is forecast to show a 6.0 percent year-over-year rise after a 6.2 percent increase in July, which was down from June's 6.4 percent.
In the US, ADP's August employment number is forecast at 200,000. This would compare with July growth in private payrolls reported by the Bureau of Labor Statistics of 172,000. ADP's number for July was high for a second month in a row at 324,000.
The second estimate of second-quarter GDP is expected to show no change from 2.4 percent growth in the quarter's first estimate. Personal consumption expenditures, at 1.6 percent growth in the first estimate, is expected to come in at 1.7 percent in the second estimate.
Pending home sales in July, which in June rose 0.3 percent, are expected to fall 0.4 percent.
Japan's industrial production is forecast to have dipped 1.4 percent on the month in July after rebounding an upwardly revised 2.4 percent in June, hit by lower demand for semiconductors and despite the recent improvement in supply chains for the auto industry. From a year earlier, output is seen down 1.9 percent for the first drop in three months after being flat in June.
Japanese retail sales are expected to post their 17th straight year-over-year increase in July, up a solid 5.8 percent versus a downwardly revised 5.6 percent rise in June, as improved supply chains are supporting vehicle demand and an influx of visitors from overseas is boosting department store sales. Elevated prices for food and beverages are also pushing up sales values while mitigating the impact of the recent fall in fuel costs and sluggish appliances sales. On the month, overall sales are seen rebounding sharply by 1.9 percent after a downwardly revised 0.6 percent dip.
In Australia, capital expenditures for the second quarter are expected to slow to a 1.0 percent gain on the quarter versus 2.4 percent expansion in the first quarter.
China's CFLP manufacturing PMI is expected to deteriorate slightly to 49.1 in August from July's 49.3 while the non-manufacturing PMI, which in July held flat at 51.5, is expected to slow slightly to 51.0.
In Italy, confidence in the consumer sector is seen slipping from 106.7 in July to 105.0 in August while its manufacturing counterpart is expected to fall from 99.3 to 98.0.
The European Commission's economic sentiment index for August is expected to fall back to 93.9 from 94.5 in July, which was a full point improvement from June.
Germany's inflation is seen easing in August. The consumer price index is forecast to show a 6.0 percent year-over-year rise after a 6.2 percent increase in July, which was down from June's 6.4 percent.
In the US, ADP's August employment number is forecast at 200,000. This would compare with July growth in private payrolls reported by the Bureau of Labor Statistics of 172,000. ADP's number for July was high for a second month in a row at 324,000.
The second estimate of second-quarter GDP is expected to show no change from 2.4 percent growth in the quarter's first estimate. Personal consumption expenditures, at 1.6 percent growth in the first estimate, is expected to come in at 1.7 percent in the second estimate.
Pending home sales in July, which in June rose 0.3 percent, are expected to fall 0.4 percent.
Japan's industrial production is forecast to have dipped 1.4 percent on the month in July after rebounding an upwardly revised 2.4 percent in June, hit by lower demand for semiconductors and despite the recent improvement in supply chains for the auto industry. From a year earlier, output is seen down 1.9 percent for the first drop in three months after being flat in June.
Japanese retail sales are expected to post their 17th straight year-over-year increase in July, up a solid 5.8 percent versus a downwardly revised 5.6 percent rise in June, as improved supply chains are supporting vehicle demand and an influx of visitors from overseas is boosting department store sales. Elevated prices for food and beverages are also pushing up sales values while mitigating the impact of the recent fall in fuel costs and sluggish appliances sales. On the month, overall sales are seen rebounding sharply by 1.9 percent after a downwardly revised 0.6 percent dip.
In Australia, capital expenditures for the second quarter are expected to slow to a 1.0 percent gain on the quarter versus 2.4 percent expansion in the first quarter.
China's CFLP manufacturing PMI is expected to deteriorate slightly to 49.1 in August from July's 49.3 while the non-manufacturing PMI, which in July held flat at 51.5, is expected to slow slightly to 51.0.
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.
