Highlights
Consumer prices in Germany for October are expected to be unrevised, leaving a flat monthly change and a 3.8 percent annual inflation rate, down from September's final 4.5 percent.
Retail sales in Italy are expected to show a 0.2 percent dip on the month in September, following a 0.4 percent drop in August.
In the Eurozone, retail sales volumes in September are forecast to fall 0.2 percent on the month versus a much steeper-than-expected contraction of 1.2 percent in August.
Among US data, the second estimate for September wholesale inventories is for no change, which would match the first estimate.
The Energy Information Administration is delaying the release of its petroleum status report to complete a systems upgrade. Two weeks of data will be published with the next petroleum status report on November 15.
Federal Reserve Board Governor Lisa Cook will participate in the"Financial Stability" discussion before the Central Bank of Ireland Financial System Conference 2023:"Achieving Good Outcomes in an Uncertain World" at 5:15 a.m. EST (1015 GMT).
Federal Reserve Chairman Jerome Powell will give opening remarks at the Federal Reserve Division of Research and Statistics Centennial Conference at 9:15 a.m. EST (1415 GMT).
New York Federal Reserve Bank President John Williams will give a keynote speech before the hybrid event"Research and Statistics at 100: A Look at the Past, Present, and Future" organized by the Federal Reserve Board of Governors at 1:40 p.m. (1840 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will participate in the"Community Reinvestment Act" discussion before the National Association of Affordable Housing Lenders (NAAHL) Annual Policy & Practice Conference at 2 p.m. (1900 GMT).
Federal Reserve Vice Chair Philip Jefferson will give closing remarks before the Federal Reserve Division of Research and Statistics Centennial Conference at 4:45 p.m. (2145 GMT).
The Bank of Japan will release the summary of opinions expressed by its nine policy board members at the Oct. 30-31 meeting at which the board decided in an 8-to-1 vote to make its seven-year-old yield curve control framework more flexible by calling its desired 1 percent upper end of the 10-year Japanese government bond yield a reference, instead of a definite line that the bank has been trying to defend with market operations. The board also voted unanimously to maintain its basic monetary easing stance, keeping its long-term interest rate target officially around zero percent and the target for the overnight rate at minus 0.1 percent, with large asset purchases intact, in a decade-long campaign to achieve stable 2 percent inflation with sustainable wage growth.
Deflationary pressures are reemerging in China. The CPI is seen down 0.2 percent from a year earlier in October after being flat in September, rising 0.1 percent in August and falling 0.3 percent in July. Consumer inflation last peaked in January at 2.1 percent.
The PPI is expected to show a faster 2.8 percent decline on the year in October after falling 2.5 percent in September. Producer prices have been in annual contraction the last 12 reports.
Retail sales in Italy are expected to show a 0.2 percent dip on the month in September, following a 0.4 percent drop in August.
In the Eurozone, retail sales volumes in September are forecast to fall 0.2 percent on the month versus a much steeper-than-expected contraction of 1.2 percent in August.
Among US data, the second estimate for September wholesale inventories is for no change, which would match the first estimate.
The Energy Information Administration is delaying the release of its petroleum status report to complete a systems upgrade. Two weeks of data will be published with the next petroleum status report on November 15.
Federal Reserve Board Governor Lisa Cook will participate in the"Financial Stability" discussion before the Central Bank of Ireland Financial System Conference 2023:"Achieving Good Outcomes in an Uncertain World" at 5:15 a.m. EST (1015 GMT).
Federal Reserve Chairman Jerome Powell will give opening remarks at the Federal Reserve Division of Research and Statistics Centennial Conference at 9:15 a.m. EST (1415 GMT).
New York Federal Reserve Bank President John Williams will give a keynote speech before the hybrid event"Research and Statistics at 100: A Look at the Past, Present, and Future" organized by the Federal Reserve Board of Governors at 1:40 p.m. (1840 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will participate in the"Community Reinvestment Act" discussion before the National Association of Affordable Housing Lenders (NAAHL) Annual Policy & Practice Conference at 2 p.m. (1900 GMT).
Federal Reserve Vice Chair Philip Jefferson will give closing remarks before the Federal Reserve Division of Research and Statistics Centennial Conference at 4:45 p.m. (2145 GMT).
The Bank of Japan will release the summary of opinions expressed by its nine policy board members at the Oct. 30-31 meeting at which the board decided in an 8-to-1 vote to make its seven-year-old yield curve control framework more flexible by calling its desired 1 percent upper end of the 10-year Japanese government bond yield a reference, instead of a definite line that the bank has been trying to defend with market operations. The board also voted unanimously to maintain its basic monetary easing stance, keeping its long-term interest rate target officially around zero percent and the target for the overnight rate at minus 0.1 percent, with large asset purchases intact, in a decade-long campaign to achieve stable 2 percent inflation with sustainable wage growth.
Deflationary pressures are reemerging in China. The CPI is seen down 0.2 percent from a year earlier in October after being flat in September, rising 0.1 percent in August and falling 0.3 percent in July. Consumer inflation last peaked in January at 2.1 percent.
The PPI is expected to show a faster 2.8 percent decline on the year in October after falling 2.5 percent in September. Producer prices have been in annual contraction the last 12 reports.
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.
