Highlights
The UK nationwide house price index is forecast to show a 0.4 percent fall on the month in September after a 0.8 percent drop in August, with the year-over-year decrease accelerating to 5.8 percent from 5.3 percent.
In Switzerland, retail sales are expected to fall 1.2 percent on the year after a 2.2 percent decline in July. The SVME purchasing managers' index is expected to edge up to 40.5 in September from August's 39.9 but it would be still well below the 50-expansion threshold.
The Eurozone unemployment rate for August is forecast at 6.4 percent, unchanged from July.
Among US data, the final manufacturing PMI for September is expected to come in at 48.9, unchanged from the mid-month flash to indicate modest contraction from August.
The Institute for Supply Management (ISM) September survey is expected to show
US manufacturing activity was in contraction for an 11th straight month. But the sector index is forecast to rise slightly to 47.8 from 47.6 in August, when it rose 1.2 percentage point to a six-month high, thanks to upticks in production and employment.
Construction spending for August is expected to rise 0.5 percent on the month following July's 0.7 percent increase that once again showed sharp residential gains versus flat nonresidential results.
Australia moves to the daylight saving time from the standard time at 2 a.m. on Sunday, Oct. 1. Sydney will be 15 hours ahead of New York, instead of 14 hours.
At 2:30 p.m. AEDT Tuesday (11:30 p.m. EDT Monday/0330 GMT Tuesday), the Reserve Bank of Australia will announce its policy decision. The bank's policy board is expected to leave the cash rate target unchanged at 4.10 percent for a fourth consecutive meeting. In September, the bank said inflation had passed its peak and the monthly CPI indicator for July showed a further decline but inflation was still too high and will remain so for some time yet. After the September meeting, the monthly CPI data showed headline inflation accelerated to 5.2 percent in August from 4.9 percent in July.
In Switzerland, retail sales are expected to fall 1.2 percent on the year after a 2.2 percent decline in July. The SVME purchasing managers' index is expected to edge up to 40.5 in September from August's 39.9 but it would be still well below the 50-expansion threshold.
The Eurozone unemployment rate for August is forecast at 6.4 percent, unchanged from July.
Among US data, the final manufacturing PMI for September is expected to come in at 48.9, unchanged from the mid-month flash to indicate modest contraction from August.
The Institute for Supply Management (ISM) September survey is expected to show
US manufacturing activity was in contraction for an 11th straight month. But the sector index is forecast to rise slightly to 47.8 from 47.6 in August, when it rose 1.2 percentage point to a six-month high, thanks to upticks in production and employment.
Construction spending for August is expected to rise 0.5 percent on the month following July's 0.7 percent increase that once again showed sharp residential gains versus flat nonresidential results.
Australia moves to the daylight saving time from the standard time at 2 a.m. on Sunday, Oct. 1. Sydney will be 15 hours ahead of New York, instead of 14 hours.
At 2:30 p.m. AEDT Tuesday (11:30 p.m. EDT Monday/0330 GMT Tuesday), the Reserve Bank of Australia will announce its policy decision. The bank's policy board is expected to leave the cash rate target unchanged at 4.10 percent for a fourth consecutive meeting. In September, the bank said inflation had passed its peak and the monthly CPI indicator for July showed a further decline but inflation was still too high and will remain so for some time yet. After the September meeting, the monthly CPI data showed headline inflation accelerated to 5.2 percent in August from 4.9 percent in July.
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.
