Highlights
At 4 a.m. EDT (0800 GMT), Taiwan will release external trade data. The trade surplus is seen narrowing to $6.90 billion in September from $8.59 in August.
In Germany, no revisions are expected to the provisional CPI data, leaving a 0.3 percent monthly rise and a 4.5 percent annual inflation rate, down from August's final 6.1 percent.
US producer prices in September are expected to rise 0.3 percent on the month versus a 0.7 percent increase in August. The annual rate in September is seen at 1.7 percent versus August's 1.6 percent increase. Excluding food and energy rate, the PPI is seen rising 0.2 percent on the month in September and 2.1 percent on the year, little changed from August's 0.2 percent on the month and 2.2 percent yearly rise.
At 2 p.m. EDT (1800 GMT), the Federal Open Market Committee will release the minutes of its Sept. 19-20 meeting. Amid easing wage pressures, the FOMC decided to maintain the target range for the federal funds rate at a range of 5.00 to 5.25 percent after raising it by 25 basis points in July and holding it steady in June.
Among Fed speakers, Federal Reserve Board Governor Michelle Bowman will join the Financial Stability in Uncertain Times" discussion at the Reinventing Bretton Woods Committee and Policy Center for the New South Marrakesh Economic Festival in Morocco at 4:15 a.m. EDT (0815 GMT).
Federal Reserve Board Governor Christopher Waller will participate in a fireside chat at the E2 Summit in Park City, Utah at 10:15 a.m. EDT (1415 GMT).
Atlanta Federal Reserve Bank President Raphael Bostic will speak on economic conditions before the Metro Atlanta Chamber's ATLeaders lunch at 12:15 p.m. EDT (1600 GMT).
Boston Federal Reserve Bank President Susan Collins will give a 2023 Goldman lecture in economics on"Reflections on Policymaking Amidst (Pandemic) Uncertainty" at an event hosted by Wellesley College at 4:30 p.m. EDT (2030 GMT).
Japanese core machinery orders, the key leading indicator of business investment in equipment, are forecast to be nearly flat, up just 0.1percent on the month in August, after slipping 1.1 percent in July and rebounding 2.7 percent in June. Core private-sector machinery orders, which exclude volatile orders from electric utilities and for ships, are expected to fall 6.1 percent on the year for a sixth straight drop after slumping 13.0 percent in July. Last month, the Cabinet Office maintained its assessment, saying,"Machinery orders are pausing."
Producer inflation in Japan is expected to pose a 31st straight year-over-year increase, up 2.5 percent in September, but the pace of increase is seen decelerating for the ninth consecutive month after rising 3.2 percent in August as the move to reflect last year's spike in energy and commodities prices has peaked and the government expanded subsidies to refineries to help cap retail gasoline prices that had hit record highs in the summer. The corporate goods price index is forecast to post its third straight monthly rise, up 0.2 percent, following a 0.3 percent gain.
In Germany, no revisions are expected to the provisional CPI data, leaving a 0.3 percent monthly rise and a 4.5 percent annual inflation rate, down from August's final 6.1 percent.
US producer prices in September are expected to rise 0.3 percent on the month versus a 0.7 percent increase in August. The annual rate in September is seen at 1.7 percent versus August's 1.6 percent increase. Excluding food and energy rate, the PPI is seen rising 0.2 percent on the month in September and 2.1 percent on the year, little changed from August's 0.2 percent on the month and 2.2 percent yearly rise.
At 2 p.m. EDT (1800 GMT), the Federal Open Market Committee will release the minutes of its Sept. 19-20 meeting. Amid easing wage pressures, the FOMC decided to maintain the target range for the federal funds rate at a range of 5.00 to 5.25 percent after raising it by 25 basis points in July and holding it steady in June.
Among Fed speakers, Federal Reserve Board Governor Michelle Bowman will join the Financial Stability in Uncertain Times" discussion at the Reinventing Bretton Woods Committee and Policy Center for the New South Marrakesh Economic Festival in Morocco at 4:15 a.m. EDT (0815 GMT).
Federal Reserve Board Governor Christopher Waller will participate in a fireside chat at the E2 Summit in Park City, Utah at 10:15 a.m. EDT (1415 GMT).
Atlanta Federal Reserve Bank President Raphael Bostic will speak on economic conditions before the Metro Atlanta Chamber's ATLeaders lunch at 12:15 p.m. EDT (1600 GMT).
Boston Federal Reserve Bank President Susan Collins will give a 2023 Goldman lecture in economics on"Reflections on Policymaking Amidst (Pandemic) Uncertainty" at an event hosted by Wellesley College at 4:30 p.m. EDT (2030 GMT).
Japanese core machinery orders, the key leading indicator of business investment in equipment, are forecast to be nearly flat, up just 0.1percent on the month in August, after slipping 1.1 percent in July and rebounding 2.7 percent in June. Core private-sector machinery orders, which exclude volatile orders from electric utilities and for ships, are expected to fall 6.1 percent on the year for a sixth straight drop after slumping 13.0 percent in July. Last month, the Cabinet Office maintained its assessment, saying,"Machinery orders are pausing."
Producer inflation in Japan is expected to pose a 31st straight year-over-year increase, up 2.5 percent in September, but the pace of increase is seen decelerating for the ninth consecutive month after rising 3.2 percent in August as the move to reflect last year's spike in energy and commodities prices has peaked and the government expanded subsidies to refineries to help cap retail gasoline prices that had hit record highs in the summer. The corporate goods price index is forecast to post its third straight monthly rise, up 0.2 percent, following a 0.3 percent gain.
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.
