Highlights
In the Eurozone, no revisions to the harmonised index of consumer prices are expected, leaving a 5.3 percent annual headline rate, matching the final July print, and also a 5.3 percent narrow core, down from 5.5 percent last time.
US housing starts in August are expected to fall back to a 1.435 million annual rate after rising from 1.398 million in June to 1.452 million in July. Permits, which held steady at 1.442 million in July, are forecast at 1.440 million.
In Canada, consumer inflation is expected to accelerate further to 3.8 percent in August following July's higher-than-expected rise to 3.3 percent from 2.8 percent in June. Bank of Canada Governor Tiff Macklem told reporters earlier this month that the total CPI is likely to rise at a higher rate at least for the next two months. He said the bank's policymakers expect inflation to ease but will look for further evidence that inflationary pressures are also easing.
Japanese export values are forecast to show a further drop, by 2.3 percent, in August after posting their first year-over-year decline in 29 months in July with a slight 0.3 percent dip, amid slowing global growth, although automobile shipments have been picking up on improved supply chains. Import values are seen falling on the year for the fifth straight month, down 20.2 percent, as energy and commodities prices have generally eased compared to last year's spike. Japan is expected to record a second straight month of a trade deficit, worth ¥640.0 billion in August, after a revised ¥66.3 billion deficit in July and a ¥43.1 billion surplus in June, which was the first positive figure in 23 months.
After cutting by 10 basis points each in August, the People's Bank of China is expected to hold its loan prime rates unchanged in September, at 3.45 percent for the 1-year and 4.20 percent for the 5-year.
US housing starts in August are expected to fall back to a 1.435 million annual rate after rising from 1.398 million in June to 1.452 million in July. Permits, which held steady at 1.442 million in July, are forecast at 1.440 million.
In Canada, consumer inflation is expected to accelerate further to 3.8 percent in August following July's higher-than-expected rise to 3.3 percent from 2.8 percent in June. Bank of Canada Governor Tiff Macklem told reporters earlier this month that the total CPI is likely to rise at a higher rate at least for the next two months. He said the bank's policymakers expect inflation to ease but will look for further evidence that inflationary pressures are also easing.
Japanese export values are forecast to show a further drop, by 2.3 percent, in August after posting their first year-over-year decline in 29 months in July with a slight 0.3 percent dip, amid slowing global growth, although automobile shipments have been picking up on improved supply chains. Import values are seen falling on the year for the fifth straight month, down 20.2 percent, as energy and commodities prices have generally eased compared to last year's spike. Japan is expected to record a second straight month of a trade deficit, worth ¥640.0 billion in August, after a revised ¥66.3 billion deficit in July and a ¥43.1 billion surplus in June, which was the first positive figure in 23 months.
After cutting by 10 basis points each in August, the People's Bank of China is expected to hold its loan prime rates unchanged in September, at 3.45 percent for the 1-year and 4.20 percent for the 5-year.
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.
