Highlights
The UK labor market report is expected to show the ILO unemployment rate for the three months to August is unchanged at 4.3 percent after climbing in recent reports. Average earnings growth for the three months to August is seen easing to 8.0 percent from an elevated 8.5 percent in July, which was well above the consensus for 8.2 percent.
The ZEW monthly survey of financial experts in Germany is likely to show sentiment is mixed. The current conditions index is expected to fall further to minus 80.0 in October from September's minus 79.4, which was more than 5 points below expectations and down from minus 71.3 in August. By contrast, the expectations (economic sentiment) index is forecast to pick up to minus 10.7 from September's minus 11.4, which was nearly 4 points better than expected and up from August's minus 12.3.
US retail sales for September are expected to rise 0.3 percent on the month, slowing from August's higher-than-expected 0.6 percent rise that followed July's gain of 0.5 percent, which was also higher than expected. Excluding vehicles, sales growth is seen decelerating to 0.2 percent from 0.6 percent.
Industrial production is forecast to slow to no change in September after rising 0.4 percent in August, Manufacturing output is expected to fall 0.1 percent. Capacity utilization is expected to edge lower to 79.6 percent following August's higher-than-expected 79.7 percent rate.
Business inventories in August are expected to rise 0.3 percent on the month following no change in July.
Forecasters expect the housing market index to hold unchanged at a very weak 45 in October after falling by a steep and unexpected 5 points in September.
Canadian housing starts are expected to hold steady at 250,000 units in September versus August's 252,787 which was higher than expected and reflected favorable financing that was locked in over prior months.
Consumer inflation in Canada is expected to edge yet higher to 4.1 percent amid the recent rise in energy prices after climbing to a higher-than-expected 4.0 percent in August from 3.3 percent in July and 2.8 percent in June.
New York Federal Reserve Bank President John Williams will moderate a discussion with Intel INTC.O Chief Executive Pat Gelsinger at Economic Club of New York event at 8 a.m. EDT (1200 GMT).
Federal Reserve Board Governor Michelle Bowman will speak on"Responsible Innovation in Money and Payments" during the Harvard Law School Program's International Financial Systems Roundtable on Central Bank Digital Currency at 9:20 a.m. EDT (1320 GMT).
Federal Reserve Bank of Richmond President Tom Barkin will speak to the Real Estate Roundtable in Washington at 10:45 a.m. EDT (1440 GMT).
Among key Chinese data, fixed asset investment in September is expected to hold steady at 3.2 percent in August, which was down from July growth of 3.4 percent.
Third-quarter GDP is expected to rise 1.0 percent from the second quarter, which would compare with 0.8 percent sequential growth from the first quarter. But the year-over-year expectation for the third quarter is growth of 4.5 percent, which would be much slower than 6.3 percent growth in the second quarter.
Year-over-year growth in industrial production is expected to slow slightly to 4.3 percent in September from 4.5 percent in August, which was higher than expectations for 3.9 percent.
Retail sales are expected to post a 4.8 percent increase on the year in September after posting stronger-than-expected annual growth of 4.6 percent in August.
The ZEW monthly survey of financial experts in Germany is likely to show sentiment is mixed. The current conditions index is expected to fall further to minus 80.0 in October from September's minus 79.4, which was more than 5 points below expectations and down from minus 71.3 in August. By contrast, the expectations (economic sentiment) index is forecast to pick up to minus 10.7 from September's minus 11.4, which was nearly 4 points better than expected and up from August's minus 12.3.
US retail sales for September are expected to rise 0.3 percent on the month, slowing from August's higher-than-expected 0.6 percent rise that followed July's gain of 0.5 percent, which was also higher than expected. Excluding vehicles, sales growth is seen decelerating to 0.2 percent from 0.6 percent.
Industrial production is forecast to slow to no change in September after rising 0.4 percent in August, Manufacturing output is expected to fall 0.1 percent. Capacity utilization is expected to edge lower to 79.6 percent following August's higher-than-expected 79.7 percent rate.
Business inventories in August are expected to rise 0.3 percent on the month following no change in July.
Forecasters expect the housing market index to hold unchanged at a very weak 45 in October after falling by a steep and unexpected 5 points in September.
Canadian housing starts are expected to hold steady at 250,000 units in September versus August's 252,787 which was higher than expected and reflected favorable financing that was locked in over prior months.
Consumer inflation in Canada is expected to edge yet higher to 4.1 percent amid the recent rise in energy prices after climbing to a higher-than-expected 4.0 percent in August from 3.3 percent in July and 2.8 percent in June.
New York Federal Reserve Bank President John Williams will moderate a discussion with Intel INTC.O Chief Executive Pat Gelsinger at Economic Club of New York event at 8 a.m. EDT (1200 GMT).
Federal Reserve Board Governor Michelle Bowman will speak on"Responsible Innovation in Money and Payments" during the Harvard Law School Program's International Financial Systems Roundtable on Central Bank Digital Currency at 9:20 a.m. EDT (1320 GMT).
Federal Reserve Bank of Richmond President Tom Barkin will speak to the Real Estate Roundtable in Washington at 10:45 a.m. EDT (1440 GMT).
Among key Chinese data, fixed asset investment in September is expected to hold steady at 3.2 percent in August, which was down from July growth of 3.4 percent.
Third-quarter GDP is expected to rise 1.0 percent from the second quarter, which would compare with 0.8 percent sequential growth from the first quarter. But the year-over-year expectation for the third quarter is growth of 4.5 percent, which would be much slower than 6.3 percent growth in the second quarter.
Year-over-year growth in industrial production is expected to slow slightly to 4.3 percent in September from 4.5 percent in August, which was higher than expectations for 3.9 percent.
Retail sales are expected to post a 4.8 percent increase on the year in September after posting stronger-than-expected annual growth of 4.6 percent in August.
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.
