Highlights
German industrial production in July is expected to fall a further 0.2 percent after June's steep 1.5 percent monthly drop. The year-over-year comparison is seen decreasing 2.1 percent following June's 1.8 percent decrease.
The UK Halifax house price index is forecast to dip a monthly 0.1 percent after a 0.3 percent fall in July.
Italian retail sales are expected to rise 0.2 percent on the month after a 0.2 percent drop in June.
For the Eurozone, no revisions are expected to the second quarter GDP data, leaving a 0.3 percent quarterly gain and 0.6 percent annual growth.
In the US, new jobless claims for the September 2 week are expected to come in at 238,000 after falling 4,000 to 228,000 in the prior week.
The second estimate for second-quarter nonfarm productivity is expected to rise 3.6 percent versus 3.7 percent annual expansion in the first estimate. Unit labor costs, which in the first estimate for the second quarter rose 1.6 percent, are expected to rise at a 1.7 percent rate in the second estimate.
New York Federal Reserve Bank President John Williams will participate in moderated discussion before the Bloomberg Market Forum at 3:30 p.m. EDT (1930 GMT).
Atlanta Federal Reserve Bank President Raphael Bostic will speak on the economic outlook in a moderated conversation hosted by Broward College at 3:45 p.m. EDT (1945 GMT).
Later at 7 p.m. EDT (2300 GMT), Bostic will speak on economic mobility before the Prosperity Partnership/Greater Fort Lauderdale Alliance Foundation dinner.
Japan strong economic growth led by a sharp rebound in net exports amid easing import costs in the April-June quarter is expected to be revised down as recent data pointed to weaker than initially estimated business investment and public works spending. The real gross domestic product growth is forecast to be 1.3 percent on quarter in the second quarter, slower than the preliminary estimate of a 1.5 percent jump. The annualized growth rate is expected to be revised down to 5.4 percent from 6.0 percent.
Domestic demand is expected to trim the second quarter GDP by 0.4 percentage point (revised down from a negative 0.3 point) after boosting the first quarter growth by 1.2 points. The decline in last month's preliminary data was due to a fall in private consumption and a pullback in private inventories. The only positive contributions to domestic demand came from a sharp gain in housing investment and a rise in public works spending. The positive 1.8-point contribution by net exports -- exports minus imports -- is expected to be unrevised.
The UK Halifax house price index is forecast to dip a monthly 0.1 percent after a 0.3 percent fall in July.
Italian retail sales are expected to rise 0.2 percent on the month after a 0.2 percent drop in June.
For the Eurozone, no revisions are expected to the second quarter GDP data, leaving a 0.3 percent quarterly gain and 0.6 percent annual growth.
In the US, new jobless claims for the September 2 week are expected to come in at 238,000 after falling 4,000 to 228,000 in the prior week.
The second estimate for second-quarter nonfarm productivity is expected to rise 3.6 percent versus 3.7 percent annual expansion in the first estimate. Unit labor costs, which in the first estimate for the second quarter rose 1.6 percent, are expected to rise at a 1.7 percent rate in the second estimate.
New York Federal Reserve Bank President John Williams will participate in moderated discussion before the Bloomberg Market Forum at 3:30 p.m. EDT (1930 GMT).
Atlanta Federal Reserve Bank President Raphael Bostic will speak on the economic outlook in a moderated conversation hosted by Broward College at 3:45 p.m. EDT (1945 GMT).
Later at 7 p.m. EDT (2300 GMT), Bostic will speak on economic mobility before the Prosperity Partnership/Greater Fort Lauderdale Alliance Foundation dinner.
Japan strong economic growth led by a sharp rebound in net exports amid easing import costs in the April-June quarter is expected to be revised down as recent data pointed to weaker than initially estimated business investment and public works spending. The real gross domestic product growth is forecast to be 1.3 percent on quarter in the second quarter, slower than the preliminary estimate of a 1.5 percent jump. The annualized growth rate is expected to be revised down to 5.4 percent from 6.0 percent.
Domestic demand is expected to trim the second quarter GDP by 0.4 percentage point (revised down from a negative 0.3 point) after boosting the first quarter growth by 1.2 points. The decline in last month's preliminary data was due to a fall in private consumption and a pullback in private inventories. The only positive contributions to domestic demand came from a sharp gain in housing investment and a rise in public works spending. The positive 1.8-point contribution by net exports -- exports minus imports -- is expected to be unrevised.
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.
