Highlights
The UK GDP data for the July-September quarter is expected to show total quarter-over-quarter output is unchanged versus 0.2 percent growth in the second quarter that pushed up annual growth from 0.4 percent to 0.6 percent. The yearly rate for the third quarter is forecast to hold at 0.6 percent.
For the month of September alone, the GDP is expected to slip 0.1 percent on the month after rising 0.2 percent in August.
Among other UK data, industrial production is expected to be unchanged on the month in September following declines of 0.7 percent in August and 1.1 percent in July.
The trade deficit is expected to narrow from £15.95 billion in August to a still sizeable £15.3 billion in September.
In Italy, industrial production is seen down 0.2 percent on the month, reversing August's 0.2 percent gain.
The University of Michigan's consumer sentiment index in the first indication for November is forecast to slip slightly further to 63.5 from October, when it fell more than 4 points to 63.8.
Expectations for the monthly Treasury statement center on a deficit of $49.8 billion for October, the first month of the new fiscal year. That would compare with a deficit of $87.8 billion in October a year ago and a deficit of $170.9 billion a month ago, in September.
Dallas Federal Reserve Bank President Lorie Logan will speak before the European Central Bank Conference on Money Markets 2023 at 7:30 a.m. EST (1230 GMT).
Atlanta Federal Reserve Bank President Raphael Bostic will speak on"Economic Mobility and Challenges in the Community" before the Mobile Chamber of Commerce at 9 a.m. EST (1400 GMT).
For the month of September alone, the GDP is expected to slip 0.1 percent on the month after rising 0.2 percent in August.
Among other UK data, industrial production is expected to be unchanged on the month in September following declines of 0.7 percent in August and 1.1 percent in July.
The trade deficit is expected to narrow from £15.95 billion in August to a still sizeable £15.3 billion in September.
In Italy, industrial production is seen down 0.2 percent on the month, reversing August's 0.2 percent gain.
The University of Michigan's consumer sentiment index in the first indication for November is forecast to slip slightly further to 63.5 from October, when it fell more than 4 points to 63.8.
Expectations for the monthly Treasury statement center on a deficit of $49.8 billion for October, the first month of the new fiscal year. That would compare with a deficit of $87.8 billion in October a year ago and a deficit of $170.9 billion a month ago, in September.
Dallas Federal Reserve Bank President Lorie Logan will speak before the European Central Bank Conference on Money Markets 2023 at 7:30 a.m. EST (1230 GMT).
Atlanta Federal Reserve Bank President Raphael Bostic will speak on"Economic Mobility and Challenges in the Community" before the Mobile Chamber of Commerce at 9 a.m. EST (1400 GMT).
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.
