Highlights
Among key UK data, industrial production is expected to fall back 0.6 percent in July following a surprising 1.8 percent surge in June. Manufacturing output, which shot up 2.4 percent in June, is expected to fall 1.0 percent.
The goods trade deficit for July is forecast at £15.0 billion after a £15.46 billion shortfall in June.
GDP in the month of July is expected to fall 0.2 percent versus 0.5 percent expansion in June, which compared with expectations for only a 0.1 percent gain.
In Italy, the unemployment rate for the April-June quarter is forecast to fall to 7.7 percent from a probably revised 7.9 percent in the previous period.
The Eurozone's industrial production in July is expected to fall 0.7 percent after rising 0.5 percent in June. Consensus for July's year-over-year rate is contraction of 0.4 percent following a 1.2 percent drop.
The US CPI data is expected to show the recent rise in global oil prices boosted gasoline prices, pushing up the annual inflation rate to 3.6 percent in August from 3.2 percent in July. However, the core measure is forecast to ease to 4.3 percent from 4.7 percent. On the month, the total CPI is expected to show a sharp 0.6 percent rise in August after a 0.2 percent gain in July while the core CPI is seen up 0.2 percent after rising at the same rate.
The nation's budget deficit is expected to widen to $223.0 billion in August, up from $219.6 billion in August a year earlier, and $220.8 billion in July.
Japanese core machinery orders, the key leading indicator of business investment in equipment, are forecast to have slipped 0.9 percent on the month in July after rebounding 2.7 percent in June and slumping 7.6 percent in May. Core private-sector machinery orders, which exclude volatile orders from electric utilities and for ships, are expected to plunge 10.7 percent on the year after falling 5.8 percent in June for a fifth straight drop. Last month, the Cabinet Office maintained its assessment, saying, Machinery orders are pausing.
In Australia, employment is forecast post a 25,000 increase in August, rebounding from July's 14,600 fall. Unemployment is expected to hold steady at 3.7 percent.
The goods trade deficit for July is forecast at £15.0 billion after a £15.46 billion shortfall in June.
GDP in the month of July is expected to fall 0.2 percent versus 0.5 percent expansion in June, which compared with expectations for only a 0.1 percent gain.
In Italy, the unemployment rate for the April-June quarter is forecast to fall to 7.7 percent from a probably revised 7.9 percent in the previous period.
The Eurozone's industrial production in July is expected to fall 0.7 percent after rising 0.5 percent in June. Consensus for July's year-over-year rate is contraction of 0.4 percent following a 1.2 percent drop.
The US CPI data is expected to show the recent rise in global oil prices boosted gasoline prices, pushing up the annual inflation rate to 3.6 percent in August from 3.2 percent in July. However, the core measure is forecast to ease to 4.3 percent from 4.7 percent. On the month, the total CPI is expected to show a sharp 0.6 percent rise in August after a 0.2 percent gain in July while the core CPI is seen up 0.2 percent after rising at the same rate.
The nation's budget deficit is expected to widen to $223.0 billion in August, up from $219.6 billion in August a year earlier, and $220.8 billion in July.
Japanese core machinery orders, the key leading indicator of business investment in equipment, are forecast to have slipped 0.9 percent on the month in July after rebounding 2.7 percent in June and slumping 7.6 percent in May. Core private-sector machinery orders, which exclude volatile orders from electric utilities and for ships, are expected to plunge 10.7 percent on the year after falling 5.8 percent in June for a fifth straight drop. Last month, the Cabinet Office maintained its assessment, saying, Machinery orders are pausing.
In Australia, employment is forecast post a 25,000 increase in August, rebounding from July's 14,600 fall. Unemployment is expected to hold steady at 3.7 percent.
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.
