Highlights
The annual inflation rate in the UK is forecast to ease to 6.5 percent in September from 6.7 percent in August, which was lower than expected but still only one tick down from the July print.
In the UK produce price data for September, output prices are seen rising 0.3 percent on the month after a 0.2 percent gain in August while input costs are expected to climb a steeper 0.6 percent versus a 0.4 percent rise the previous month.
For the Eurozone's harmonised index of consumer prices (HICP), no revisions are expected, leaving a 4.3 percent headline inflation rate, down from August's final 5.2 percent, and a 4.5 percent narrow core rate, down from 5.3 percent.
US housing starts in September are expected to rebound to a 1.394 million annual rate after falling sharply from 1.447 million in July to 1.283 million in August. Permits, which by contrast jumped to 1.543 million in August from 1.443 million, are expected to swing lower to 1.450 million.
Among Fed speakers, Federal Reserve Board Governor Christopher Waller will participate in a discussion on the economic outlook at the Distinguished Speaker Seminar hosted by the European Economics and Financial Centre at 12 p.m. EDT (1600 GMT).
New York Federal Reserve Bank President John Williams will participate in a moderated discussion at Queens College at 12:30 p.m. EDT (1630 GMT).
Federal Reserve Board Governor Michelle Bowman will give opening remarks before a Fed Listens event hosted by the Federal Reserve Bank of Richmond 1 p.m. EDT (1700 GMT).
Philadelphia Federal Reserve Bank President Patrick Harker will speak on"workforce challenges" before the"People, Possibilities, Practice: Designing a Better Future for Workers" event hosted by the Federal Reserve Bank of Philadelphia at 3 p.m. EDT (1900 GMT).
Federal Reserve Board Governor Lisa Cook will speak on"The Evolution of the Federal Reserve's Employment Mandate" before the Louis E. Martin Awards Ceremony at the 2023 Future of Black Communities Summit at 6:55 p.m. (2255 GMT).
Japanese export values are forecast to post their first year-over-year rise in three months in September, up 3.9 percent, led by higher shipments of automobiles and auto parts amid recovering supply chains. It would follow a 0.8 percent drop in August and a 0.3 percent dip in July, which was the first decline in 29 months. Import values are seen falling on the year for the sixth straight month, down 13.4 percent versus August's 17.7 percent slump, as energy and commodities prices have eased from last year's spike.
Japan is expected to record a third straight month of a trade deficit, worth ¥388.7 billion in September, compared with a revised ¥937.8 billion deficit the previous month and a deficit of ¥2,099.19 billion (¥2.1 trillion) a year earlier.
Australia's unemployment rate is forecast at 3.7% for September, unchanged from the previous month, while employment growth is seen slowing to 20,000 following a sharp rebound of 64,900 in August.
Amid renewed inflationary pressures, the Bank of Korea is expected to leave its policy interest rate unchanged for the sixth straight meeting, at 3.5% after raising the base rate by 25 basis points to the current restrictive level in January. Consumer inflation jumped to 3.7% in September from 3.4% in August after moderating to 2.3% in July from 2.7% in June, edging closer to the bank's 2% target.
In the UK produce price data for September, output prices are seen rising 0.3 percent on the month after a 0.2 percent gain in August while input costs are expected to climb a steeper 0.6 percent versus a 0.4 percent rise the previous month.
For the Eurozone's harmonised index of consumer prices (HICP), no revisions are expected, leaving a 4.3 percent headline inflation rate, down from August's final 5.2 percent, and a 4.5 percent narrow core rate, down from 5.3 percent.
US housing starts in September are expected to rebound to a 1.394 million annual rate after falling sharply from 1.447 million in July to 1.283 million in August. Permits, which by contrast jumped to 1.543 million in August from 1.443 million, are expected to swing lower to 1.450 million.
Among Fed speakers, Federal Reserve Board Governor Christopher Waller will participate in a discussion on the economic outlook at the Distinguished Speaker Seminar hosted by the European Economics and Financial Centre at 12 p.m. EDT (1600 GMT).
New York Federal Reserve Bank President John Williams will participate in a moderated discussion at Queens College at 12:30 p.m. EDT (1630 GMT).
Federal Reserve Board Governor Michelle Bowman will give opening remarks before a Fed Listens event hosted by the Federal Reserve Bank of Richmond 1 p.m. EDT (1700 GMT).
Philadelphia Federal Reserve Bank President Patrick Harker will speak on"workforce challenges" before the"People, Possibilities, Practice: Designing a Better Future for Workers" event hosted by the Federal Reserve Bank of Philadelphia at 3 p.m. EDT (1900 GMT).
Federal Reserve Board Governor Lisa Cook will speak on"The Evolution of the Federal Reserve's Employment Mandate" before the Louis E. Martin Awards Ceremony at the 2023 Future of Black Communities Summit at 6:55 p.m. (2255 GMT).
Japanese export values are forecast to post their first year-over-year rise in three months in September, up 3.9 percent, led by higher shipments of automobiles and auto parts amid recovering supply chains. It would follow a 0.8 percent drop in August and a 0.3 percent dip in July, which was the first decline in 29 months. Import values are seen falling on the year for the sixth straight month, down 13.4 percent versus August's 17.7 percent slump, as energy and commodities prices have eased from last year's spike.
Japan is expected to record a third straight month of a trade deficit, worth ¥388.7 billion in September, compared with a revised ¥937.8 billion deficit the previous month and a deficit of ¥2,099.19 billion (¥2.1 trillion) a year earlier.
Australia's unemployment rate is forecast at 3.7% for September, unchanged from the previous month, while employment growth is seen slowing to 20,000 following a sharp rebound of 64,900 in August.
Amid renewed inflationary pressures, the Bank of Korea is expected to leave its policy interest rate unchanged for the sixth straight meeting, at 3.5% after raising the base rate by 25 basis points to the current restrictive level in January. Consumer inflation jumped to 3.7% in September from 3.4% in August after moderating to 2.3% in July from 2.7% in June, edging closer to the bank's 2% target.
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.
