Highlights
After hiking rates nine straight times, the European Central Bank is expected to step back and leave rates steady. Yet the outlook isn't unanimous, with some forecasters looking for a 25-basis-point hike and even a few for a 12.5-point hike.
In the US, new jobless claims for the September 14 week are expected to come in at 225,000 to reverse much of a sharp and unexpected 13,000 fall to 216,000 in the prior week.
Producer prices in August are expected to rise 0.4 percent on the month versus a 0.3 percent increase in July. The annual rate in August is seen at 1.3 percent versus July's 0.8 percent rate. August's ex-food ex-energy rate is seen at 0.2 percent versus July's 0.3 percent with the annual rate down 1 tenth to 2.3 percent.
Retail sales are expected to rise 0.2 percent on the month in August versus July's higher-than-expected 0.7 percent that started off third-quarter consumer spending on a strong note.
Business inventories in July are expected to edge 0.1 percent higher following no change in both June and May.
Among key Chinese data, fixed asset investment in August is expected to rise 3.3 percent. This would compare with 3.4 percent growth in July, which was below expectations for 3.8 percent growth.
Year-over-year growth in industrial production is expected to accelerate slightly to 3.9 percent in August versus growth of 3.7 percent in July, which was noticeably below expectations for 4.3 percent.
Retail sales in August are forecast to rise 3.0 percent on the year after rising 2.5 percent in July, which was well below expectations.
In the US, new jobless claims for the September 14 week are expected to come in at 225,000 to reverse much of a sharp and unexpected 13,000 fall to 216,000 in the prior week.
Producer prices in August are expected to rise 0.4 percent on the month versus a 0.3 percent increase in July. The annual rate in August is seen at 1.3 percent versus July's 0.8 percent rate. August's ex-food ex-energy rate is seen at 0.2 percent versus July's 0.3 percent with the annual rate down 1 tenth to 2.3 percent.
Retail sales are expected to rise 0.2 percent on the month in August versus July's higher-than-expected 0.7 percent that started off third-quarter consumer spending on a strong note.
Business inventories in July are expected to edge 0.1 percent higher following no change in both June and May.
Among key Chinese data, fixed asset investment in August is expected to rise 3.3 percent. This would compare with 3.4 percent growth in July, which was below expectations for 3.8 percent growth.
Year-over-year growth in industrial production is expected to accelerate slightly to 3.9 percent in August versus growth of 3.7 percent in July, which was noticeably below expectations for 4.3 percent.
Retail sales in August are forecast to rise 3.0 percent on the year after rising 2.5 percent in July, which was well below expectations.
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.
