Highlights
Germany's goods trade balance is expected to hold steady at a €16.0 billion surplus in August versus a surplus of €15.9 billion in July that was smaller than expected and reflected a 1.4 percent monthly rise in imports together with a 0.9 percent decline in exports.
In France, industrial production is expected to fall 0.3 percent on the month in August after rebounding a surprisingly strong 0.8 percent in July.
The UK construction purchasing managers' index (PMI) is expected to slip from August's 50.8 to 49.9 in September.
The US new jobless claims for the October 21 week are expected to come in at 210,000 versus 204,000 in the prior week. Claims have moved noticeably lower in recent weeks.
In Canada, August's trade deficit with the world is seen widening again to C$1.3 billion in August after shrinking to C$987 million (C$0.987 billion) in July from June's C$4.917 billion shortfall.
Among Fed speakers, Cleveland Federal Reserve Bank President Loretta Mester will give brief opening remarks at the Chicago Payments Symposium hosted by the Federal Reserve Bank of Chicago at 9 a.m. EDT (1300 GMT).
Richmond Federal Reserve Bank President Thomas Barkin will speak on the national outlook before the 2023 WilmingtonBiz Conference & Expo at 11:30 a.m. EDT (1530 GMT).
San Francisco Federal Reserve Bank President Mary Daly will participate in a conversation-style interview on the economy, monetary policy and the Fed's role in fostering economic growth before a hybrid Economic Club of New York luncheon at 12 p.m. EDT (1600 GMT).
At 12:15 p.m. EDT (1615 GMT), Federal Reserve Vice Chair for Supervision Michael Barr will participate in a"Cyber Risk in the Banking Sector" discussion at the"Large and Foreign Banking Organizations Cyber Conference: Managing Cyber Risk from the C-Suite" hosted by the Federal Reserve Bank of Cleveland.
Japan's real household spending is forecast to post its sixth straight drop on the year in August, down 4.5 percent, after falling 5.0 percent in July as elevated costs for daily necessities have eroded consumer purchasing power. The first summer holiday season in four years without Covid public health restrictions supported traveling and eating out but the lingering heat wave prompted some people to stay home. Expenditures are expected to rebound slightly by 0.6 percent on strong demand for summer clothing and other seasonal goods after unexpectedly slumping 2.7 percent in July and rising 0.9 percent in June.
In France, industrial production is expected to fall 0.3 percent on the month in August after rebounding a surprisingly strong 0.8 percent in July.
The UK construction purchasing managers' index (PMI) is expected to slip from August's 50.8 to 49.9 in September.
The US new jobless claims for the October 21 week are expected to come in at 210,000 versus 204,000 in the prior week. Claims have moved noticeably lower in recent weeks.
In Canada, August's trade deficit with the world is seen widening again to C$1.3 billion in August after shrinking to C$987 million (C$0.987 billion) in July from June's C$4.917 billion shortfall.
Among Fed speakers, Cleveland Federal Reserve Bank President Loretta Mester will give brief opening remarks at the Chicago Payments Symposium hosted by the Federal Reserve Bank of Chicago at 9 a.m. EDT (1300 GMT).
Richmond Federal Reserve Bank President Thomas Barkin will speak on the national outlook before the 2023 WilmingtonBiz Conference & Expo at 11:30 a.m. EDT (1530 GMT).
San Francisco Federal Reserve Bank President Mary Daly will participate in a conversation-style interview on the economy, monetary policy and the Fed's role in fostering economic growth before a hybrid Economic Club of New York luncheon at 12 p.m. EDT (1600 GMT).
At 12:15 p.m. EDT (1615 GMT), Federal Reserve Vice Chair for Supervision Michael Barr will participate in a"Cyber Risk in the Banking Sector" discussion at the"Large and Foreign Banking Organizations Cyber Conference: Managing Cyber Risk from the C-Suite" hosted by the Federal Reserve Bank of Cleveland.
Japan's real household spending is forecast to post its sixth straight drop on the year in August, down 4.5 percent, after falling 5.0 percent in July as elevated costs for daily necessities have eroded consumer purchasing power. The first summer holiday season in four years without Covid public health restrictions supported traveling and eating out but the lingering heat wave prompted some people to stay home. Expenditures are expected to rebound slightly by 0.6 percent on strong demand for summer clothing and other seasonal goods after unexpectedly slumping 2.7 percent in July and rising 0.9 percent in June.
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.
