Highlights
The US and Canadian markets are closed for the Labor Day public holidays on Monday.
The US data calendar is light this week ahead of the next Federal Reserve policy meeting on Sept. 19-20. Both the Reserve Bank of Australia and the Bank of Canada are expected to leave their policy interest rates unchanged this week.
Germany's goods balance is expected to narrow to an €18.4 billion surplus in July versus a surplus of €18.7 billion in June that was higher than expected and reflected a sharp drop in imports.
Inflation is expected to pick up again in South Korea, with the year-over-year rise in the consumer price index seen accelerating to 2.7 percent in August after easing to a lower-than-expected 2.3 percent in July. Inflation has been moderating in recent months from 5.2 percent at the start of the year.
South Korea's second quarter GDP growth is forecast to be unrevised at 0.6 percent on the quarter and 0.9 percent on the year.
Japan's real household spending is forecast to post its fifth straight drop on the year in July as high costs for daily necessities continued to bite, but the pace of decrease is seen slowing to 2.5 percent from 4.2 percent in June on resilient spending on traveling and eating out. Expenditures are expected to mark a second straight rise on the month, up 0.7 percent, after a 0.9 percent gain in June. The prolonged heat wave supported demand for summer clothing and other seasonal goods.
In China, S&P's services PMI in August is expected to slow slightly to 53.7 versus July's 54.1, which was slightly better than expected.
The US data calendar is light this week ahead of the next Federal Reserve policy meeting on Sept. 19-20. Both the Reserve Bank of Australia and the Bank of Canada are expected to leave their policy interest rates unchanged this week.
Germany's goods balance is expected to narrow to an €18.4 billion surplus in July versus a surplus of €18.7 billion in June that was higher than expected and reflected a sharp drop in imports.
Inflation is expected to pick up again in South Korea, with the year-over-year rise in the consumer price index seen accelerating to 2.7 percent in August after easing to a lower-than-expected 2.3 percent in July. Inflation has been moderating in recent months from 5.2 percent at the start of the year.
South Korea's second quarter GDP growth is forecast to be unrevised at 0.6 percent on the quarter and 0.9 percent on the year.
Japan's real household spending is forecast to post its fifth straight drop on the year in July as high costs for daily necessities continued to bite, but the pace of decrease is seen slowing to 2.5 percent from 4.2 percent in June on resilient spending on traveling and eating out. Expenditures are expected to mark a second straight rise on the month, up 0.7 percent, after a 0.9 percent gain in June. The prolonged heat wave supported demand for summer clothing and other seasonal goods.
In China, S&P's services PMI in August is expected to slow slightly to 53.7 versus July's 54.1, which was slightly better than expected.
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.
