Highlights
German retail sales volumes are expected to rise 0.1 percent on the month in August versus July's 0.8 percent decline. The unemployment rate in Europe's largest economy is expected to hold steady at 5.7 percent in September.
In the UK, no revisions are expected to the provisional second quarter GDP data, leaving a 0.2 percent quarterly gain and annual growth of 0.4 percent.
Consumer prices in France are expected to drop 0.2 percent on the month after a surprisingly large 1.0 percent spike in August.
In Switzerland, the KOF leading index is expected to fall again, from August's 91.1 to 90.5 in September.
In the Eurozone, the flash harmonised index of consumer prices (HICP) is forecast to rise 4.6 percent on the year in September and 4.8 percent for the narrow core, which would be much slower than the respective August rates of 5.2 percent and 5.3 percent.
Consumer prices in Italy are expected to rise 0.2 percent on the month following a 0.3 percent gain in August.
The US goods deficit (Census basis) is expected to narrow by $1.1 billion to $90.1 billion in September.
Personal income is expected to rise 0.4 percent in August with consumption expenditures expected to increase 0.5 percent. These would compare with July's 0.2 percent increase for income and 0.8 percent jump for consumption. Inflation readings for August are expected at monthly increases of 0.5 percent overall but only 0.2 percent for the core (versus July's increases of 0.2 percent for both). Annual rates are expected at 3.5 percent overall and 3.9 percent for the core (versus July's 3.3 and 4.2 percent).
Among other US data, wholesale inventories are expected to edge 0.1 percent lower in the advance report for August that would follow July's 0.2 percent draw.
The Chicago PMI is expected to fall in September to 47.9 versus 48.7 in August, which was better than expected but still the 12th straight month of sub-50 contraction.
The University of Michigan's consumer sentiment index is expected to end August at 67.7, unchanged from the mid-month flash and nearly 2 points lower than July.
In Canada, GDP for the month of July is expected to be unchanged after falling 0.2 percent in June, indicating to a slow start to the third quarter after a slight contraction in the second quarter due to the negative impact of wild fires and public-sector strikes.
New York Federal Reserve Bank President John Williams will deliver remarks and participate in a moderated discussion on the economic outlook and monetary policy before the Long Island Association (LIA) Regional Economic Briefing at 12:45 p.m. EDT (1645 GMT).
China's CFLP manufacturing PMI is expected to improve to 50.1 for September from 49.7 in August, popping just above the key level of 50 and thus indicating growth for the first time in six months. The services index is forecast at 51.5, up from 51.0 the previous month.
In the UK, no revisions are expected to the provisional second quarter GDP data, leaving a 0.2 percent quarterly gain and annual growth of 0.4 percent.
Consumer prices in France are expected to drop 0.2 percent on the month after a surprisingly large 1.0 percent spike in August.
In Switzerland, the KOF leading index is expected to fall again, from August's 91.1 to 90.5 in September.
In the Eurozone, the flash harmonised index of consumer prices (HICP) is forecast to rise 4.6 percent on the year in September and 4.8 percent for the narrow core, which would be much slower than the respective August rates of 5.2 percent and 5.3 percent.
Consumer prices in Italy are expected to rise 0.2 percent on the month following a 0.3 percent gain in August.
The US goods deficit (Census basis) is expected to narrow by $1.1 billion to $90.1 billion in September.
Personal income is expected to rise 0.4 percent in August with consumption expenditures expected to increase 0.5 percent. These would compare with July's 0.2 percent increase for income and 0.8 percent jump for consumption. Inflation readings for August are expected at monthly increases of 0.5 percent overall but only 0.2 percent for the core (versus July's increases of 0.2 percent for both). Annual rates are expected at 3.5 percent overall and 3.9 percent for the core (versus July's 3.3 and 4.2 percent).
Among other US data, wholesale inventories are expected to edge 0.1 percent lower in the advance report for August that would follow July's 0.2 percent draw.
The Chicago PMI is expected to fall in September to 47.9 versus 48.7 in August, which was better than expected but still the 12th straight month of sub-50 contraction.
The University of Michigan's consumer sentiment index is expected to end August at 67.7, unchanged from the mid-month flash and nearly 2 points lower than July.
In Canada, GDP for the month of July is expected to be unchanged after falling 0.2 percent in June, indicating to a slow start to the third quarter after a slight contraction in the second quarter due to the negative impact of wild fires and public-sector strikes.
New York Federal Reserve Bank President John Williams will deliver remarks and participate in a moderated discussion on the economic outlook and monetary policy before the Long Island Association (LIA) Regional Economic Briefing at 12:45 p.m. EDT (1645 GMT).
China's CFLP manufacturing PMI is expected to improve to 50.1 for September from 49.7 in August, popping just above the key level of 50 and thus indicating growth for the first time in six months. The services index is forecast at 51.5, up from 51.0 the previous month.
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.
