Highlights
Germany's goods balance is expected to widen to an €18.0 billion surplus in September from a surplus of €16.6 billion in August.
French industrial production is seen falling again in September, an expected 0.1 percent monthly dip, following August's 0.3 percent decline.
In the UK, no revisions are expected to the flash PMI estimates, leaving the composite output index at 48.6, barely changed from September's final 48.5.
The Eurozone unemployment rate is seen unchanged at 6.4 percent in September.
The US jobs data is expected to show some easing in the labor market. A 179,000 rise is the call for nonfarm payroll growth in October versus 336,000 in September, which was much stronger than expected.
Average hourly earnings in October are expected to rise 0.3 percent on the month for a year-over-year rate of 4.0 percent; these would compare with 0.2 and 4.2 percent in September. October's unemployment rate is expected to hold unchanged at 3.8 percent.
The data follows Thursday's decision by the Federal Reserve to leave its policy interest rate unchanged for the second straight meeting. Fed Chair Jerome Powell described growth in labor demand as resilient" and warned it"could warrant further tightening of monetary policy.
The Institute for Supply Management (ISM) survey is expected to show business activity in the US services sector was in positive territory for a 10th straight month in October. The main index, which shows the directional change of economic activity, is forecast at 53.0, down from a near consensus 53.6 in September but above the break-even point of 50.0.
In Canada, employment in October is expected to rise 15,000 on the month, slowing from September's 63,800 jump that, for the third time in four months, far surpassed expectations. October's unemployment rate is expected to rise 1 tenth to 5.6 percent.
After the Bank of Canada left its policy interest rate unchanged for the second meeting in a row in October, Governor Tiff Macklem noted that the labour market has eased considerably from overheated levels but still looks to be on the tight side.
Federal Reserve Vice Chair for Supervision Michael Barr will participate in a discussion on the Community Reinvestment Act before the event"National Housing Conference - Breakfast with Barr: A Conversation About CRA in the 21st Century at 8 a.m. EDT (1200 GMT).
Later at 3.30 p.m. EDT (1930 GMT), Barr will participate virtually in a discussion on the Community Reinvestment Act before the event"The New Community Reinvestment Act Rule: What It Means For Communities Around the Country."
French industrial production is seen falling again in September, an expected 0.1 percent monthly dip, following August's 0.3 percent decline.
In the UK, no revisions are expected to the flash PMI estimates, leaving the composite output index at 48.6, barely changed from September's final 48.5.
The Eurozone unemployment rate is seen unchanged at 6.4 percent in September.
The US jobs data is expected to show some easing in the labor market. A 179,000 rise is the call for nonfarm payroll growth in October versus 336,000 in September, which was much stronger than expected.
Average hourly earnings in October are expected to rise 0.3 percent on the month for a year-over-year rate of 4.0 percent; these would compare with 0.2 and 4.2 percent in September. October's unemployment rate is expected to hold unchanged at 3.8 percent.
The data follows Thursday's decision by the Federal Reserve to leave its policy interest rate unchanged for the second straight meeting. Fed Chair Jerome Powell described growth in labor demand as resilient" and warned it"could warrant further tightening of monetary policy.
The Institute for Supply Management (ISM) survey is expected to show business activity in the US services sector was in positive territory for a 10th straight month in October. The main index, which shows the directional change of economic activity, is forecast at 53.0, down from a near consensus 53.6 in September but above the break-even point of 50.0.
In Canada, employment in October is expected to rise 15,000 on the month, slowing from September's 63,800 jump that, for the third time in four months, far surpassed expectations. October's unemployment rate is expected to rise 1 tenth to 5.6 percent.
After the Bank of Canada left its policy interest rate unchanged for the second meeting in a row in October, Governor Tiff Macklem noted that the labour market has eased considerably from overheated levels but still looks to be on the tight side.
Federal Reserve Vice Chair for Supervision Michael Barr will participate in a discussion on the Community Reinvestment Act before the event"National Housing Conference - Breakfast with Barr: A Conversation About CRA in the 21st Century at 8 a.m. EDT (1200 GMT).
Later at 3.30 p.m. EDT (1930 GMT), Barr will participate virtually in a discussion on the Community Reinvestment Act before the event"The New Community Reinvestment Act Rule: What It Means For Communities Around the Country."
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.
