Highlights
In France, third-quarter GDP is expected to rise a minimal 0.1 percent on the quarter, slowing from 0.5 percent growth in the second quarter.
French consumer spending on manufactured goods is seen climbing 0.4 percent on the month in September and so only reversing a portion of August's 0.6 percent decline.
German retail sales volumes are expected to rebound 0.5 percent on the month in September following August's unexpected 1.2 percent decline. Sales are seen below year-earlier levels, down 2.0 percent, after a 1.9 percent drop the previous month.
The flash estimate for Germany's third-quarter GDP is quarter-over-quarter contraction of 0.2 percent after no growth in the second quarter. Europe's largest economy has not expanded since the third quarter of last year.
Switzerland's retail sales are forecast to fall 1.8 percent on the year in September after falling at the same rate in August.
In Italy, third-quarter GDP is expected to come in unchanged on the quarter following 0.4 percent contraction in the second quarter.
For the Eurozone, third-quarter GDP is expected to post zero growth on quarter after a downwardly revised 0.1 percent rise in the second quarter. From a year earlier, the region's economic growth is seen slowing to 0.2 percent from a revised 0.5 percent increase.
The region's harmonised index of consumer prices (HICP) flash data is forecast to show further easing in the annual rate to 3.4 percent in October from increases of 4.3 percent in September and 5.2 percent in August. Consensus for the narrow core is 4.2 percent, down from 4.5 percent and 5.3 percent.
The US employment cost index is seen holding steady and elevated at 1.0 percent quarterly growth in the third quarter after rising at the same pace in the previous quarter.
The Case-Shiller home price index data is expected to show the adjusted 20-city monthly rate rose 0.7 percent in August versus July's 0.9 percent increase.
The Chicago purchasing managers' index (PMI) is expected to rise in October to 45.0 versus 44.1 in September, which was the 13th straight month of sub-50 contraction.
The Conference Board's consumer confidence index is expected to fall further in October to 100.0 from a lower-than-expected 103.0 in September. Weakness in income expectations was noticeable in September's results.
Canada's GDP is forecast to post 0.1 percent growth in August after showing no change in July, when the economy was hit by port worker strikes at Vancouver and Prince Rupert on the Pacific coast.
New Zealand's jobs data for the July-September quarter is expect to show the unemployment rate rose to 3.9 percent from 3.6 percent in April-June while employment growth slowed to 0.4 percent on quarter from a higher-than-expected 1.0 percent and to 3.2 percent on year from 4.0 percent.
In China, S&P's manufacturing PMI in October is expected to edge 2 tenths higher to 50.8 versus 50.6 in September, which was a half point lower than expected.
French consumer spending on manufactured goods is seen climbing 0.4 percent on the month in September and so only reversing a portion of August's 0.6 percent decline.
German retail sales volumes are expected to rebound 0.5 percent on the month in September following August's unexpected 1.2 percent decline. Sales are seen below year-earlier levels, down 2.0 percent, after a 1.9 percent drop the previous month.
The flash estimate for Germany's third-quarter GDP is quarter-over-quarter contraction of 0.2 percent after no growth in the second quarter. Europe's largest economy has not expanded since the third quarter of last year.
Switzerland's retail sales are forecast to fall 1.8 percent on the year in September after falling at the same rate in August.
In Italy, third-quarter GDP is expected to come in unchanged on the quarter following 0.4 percent contraction in the second quarter.
For the Eurozone, third-quarter GDP is expected to post zero growth on quarter after a downwardly revised 0.1 percent rise in the second quarter. From a year earlier, the region's economic growth is seen slowing to 0.2 percent from a revised 0.5 percent increase.
The region's harmonised index of consumer prices (HICP) flash data is forecast to show further easing in the annual rate to 3.4 percent in October from increases of 4.3 percent in September and 5.2 percent in August. Consensus for the narrow core is 4.2 percent, down from 4.5 percent and 5.3 percent.
The US employment cost index is seen holding steady and elevated at 1.0 percent quarterly growth in the third quarter after rising at the same pace in the previous quarter.
The Case-Shiller home price index data is expected to show the adjusted 20-city monthly rate rose 0.7 percent in August versus July's 0.9 percent increase.
The Chicago purchasing managers' index (PMI) is expected to rise in October to 45.0 versus 44.1 in September, which was the 13th straight month of sub-50 contraction.
The Conference Board's consumer confidence index is expected to fall further in October to 100.0 from a lower-than-expected 103.0 in September. Weakness in income expectations was noticeable in September's results.
Canada's GDP is forecast to post 0.1 percent growth in August after showing no change in July, when the economy was hit by port worker strikes at Vancouver and Prince Rupert on the Pacific coast.
New Zealand's jobs data for the July-September quarter is expect to show the unemployment rate rose to 3.9 percent from 3.6 percent in April-June while employment growth slowed to 0.4 percent on quarter from a higher-than-expected 1.0 percent and to 3.2 percent on year from 4.0 percent.
In China, S&P's manufacturing PMI in October is expected to edge 2 tenths higher to 50.8 versus 50.6 in September, which was a half point lower than expected.
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.
