Highlights
The UK's ILO unemployment rate for the three months to July is expected to edge up a tick to 4.3 percent while headline average earnings growth for the three months to July holds steady at 8.2 percent.
The ZEW monthly survey of financial experts in Germany is likely to show sentiment is worsening. The current conditions index is expected to fall to minus 75.0 in September from August's minus 71.3, which was 9 points lower than forecast. The expectations (economic sentiment) index is also expected to slip to minus 15.0 from August's minus 12.3, which was more than 2 points better than anticipated.
Among US data, the National Federation of Independent Business (NFIB)'s small business optimism index has been below the historical average of 98 for 18 months in a row. August's consensus is 91.7, little changed from 91.9 in July.
Producer inflation in Japan is expected to ease for an eighth straight month in August to a 3.3 percent increase (the lowest since 1.0% in March 2021) after a 3.6 percent gain in July as the government's utilities subsidies continued to cap energy costs, mitigating the impact of food price markups. The corporate goods price index is forecast to post its second straight monthly rise in August, up 0.2 percent, following a 0.1 percent rise in June, reflecting the recent rise in global energy prices.
In India, consumer prices are expected to ease back to a still elevated 7.10 percent rise on the year in August from a 7.44 percent gain in July, when the CPI annual rate surged from 4.81 percent in June on a weather-driven spike in food prices.
Year-over-year growth in India's industrial production is expected to accelerate to 5.0 percent in July from 3.7 percent in June.
The ZEW monthly survey of financial experts in Germany is likely to show sentiment is worsening. The current conditions index is expected to fall to minus 75.0 in September from August's minus 71.3, which was 9 points lower than forecast. The expectations (economic sentiment) index is also expected to slip to minus 15.0 from August's minus 12.3, which was more than 2 points better than anticipated.
Among US data, the National Federation of Independent Business (NFIB)'s small business optimism index has been below the historical average of 98 for 18 months in a row. August's consensus is 91.7, little changed from 91.9 in July.
Producer inflation in Japan is expected to ease for an eighth straight month in August to a 3.3 percent increase (the lowest since 1.0% in March 2021) after a 3.6 percent gain in July as the government's utilities subsidies continued to cap energy costs, mitigating the impact of food price markups. The corporate goods price index is forecast to post its second straight monthly rise in August, up 0.2 percent, following a 0.1 percent rise in June, reflecting the recent rise in global energy prices.
In India, consumer prices are expected to ease back to a still elevated 7.10 percent rise on the year in August from a 7.44 percent gain in July, when the CPI annual rate surged from 4.81 percent in June on a weather-driven spike in food prices.
Year-over-year growth in India's industrial production is expected to accelerate to 5.0 percent in July from 3.7 percent in June.
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.
