Highlights
The French ILO unemployment rate is expected to edge up a notch to 7.0 percent in the third quarter from 6.9 percent in the prior period.
The UK CPI data is expected to show a significant slowing in consumer inflation to 4.8 percent in October after being steady at 6.7 percent in September. The monthly rate is forecast at a slight 0.1 percent rise after September's 0.5 percent increase.
In the UK PPI data, output prices are expected to rise 0.1 percent on the month in October after rising 0.4 percent in September while input costs are seen up 0.2 percent following a 0.4 percent gain.
No revisions are expected to the French CPI data for October, leaving a 0.1 percent monthly rise and a 4.0 percent annual inflation rate, the latter down from September's final 4.9 percent.
Italy's CPI data for October is also expected to show no revisions, leaving a 0.1 percent monthly fall and a 1.8 percent annual inflation rate, the latter down from September's final 5.3 percent.
Eurozone industrial production in September is expected to fall 0.8 percent on the month after rising 0.6 percent in August. Consensus for September's year-over-year rate is a 6.3 percent decline, worsen than a 5.1 percent dip in August.
US producer prices in October are expected to edge 0.1 percent higher on the month versus a 0.5 percent increase in September. The annual rate in October is seen at 2.0 percent, down slightly from September's 2.2 percent increase. The PPI excluding food and energy is seen rising 0.3 percent on the month, the same as in the previous month.
Retail sales are expected to slip 0.3 percent in October following September's strong 0.7 percent rise amid slowing job and wage growth. That would the first month-over-month drop since the 0.9 percent slump in March. Excluding autos, sales are forecast to edge down 0.1 percent after a 0.6 percent gain the previous month.
The New York Fed's Empire State manufacturing index is expected to improve slightly to minus 3.0 in November after October's minus 4.6. Both new orders and unfilled orders in this report have been in contraction.
Business inventories in September are expected to rise 0.4 percent to match a 0.4 percent rise in August.
Canadian manufacturing sales in September are expected to slip 0.1 percent on the month after rising 0.7 percent in August and 1.6 percent in July.
Federal Reserve Vice Chair for Supervision Michael Barr will testify before the US House Financial Services Committee hearing on"Oversight of Prudential Regulators" at 9:30 a.m. EST (1430 GMT).
Richmond Federal Reserve Bank President Thomas Barkin will speak on"The Housing Challenge" before the Virginia Governor's Housing Conference at 3:30 p.m. EST (2030 GMT).
Japanese export values are forecast to post their second straight year-over-year rise in October, up a slight 0.6 percent, on continued solid demand for automobiles from the US and Europe, but exports seem to have lost some steam after rising 4.3 percent to a record high in September as credit tightening by major central banks is dampening demand for capital goods and electronic parts and devices.
Import values are expected to have fallen on the year for the 7th straight month, down 11.9 percent, as energy costs have eased from last year's spike, while the pace of decrease is seen decelerating from September's revised 16.4 percent dip amid recovering domestic demand, which in turn likely pushed the trade balance back into a slight deficit worth ¥688.4 billion. That would compare with an unexpected surplus of a revised ¥72.09 billion in September and a large ¥2.17 trillion deficit seen a year earlier.
Japanese core machinery orders, the key leading indicator of business investment in equipment, are forecast to rebound 1.0 percent on the month in September for the first rise in three months after dipping 0.5 percent in August (some economists expect a continued fall). In contrast to strong capital investment plans for fiscal 2023, actual implementation has been cautious amid global uncertainty. Core private-sector machinery orders, which exclude volatile orders from electric utilities and for ships, are expected to fall 3.5 percent on the year for a 7th straight drop after falling 7.7 percent in August.
Australia's unemployment rate is seen ticking up to 3.7 percent in October from 3.6 percent in September but employment increase is also expected to pick up to 22,000 after falling to a weaker-than-expected 6,700 in September from an above-forecast 64,900 in August.
The UK CPI data is expected to show a significant slowing in consumer inflation to 4.8 percent in October after being steady at 6.7 percent in September. The monthly rate is forecast at a slight 0.1 percent rise after September's 0.5 percent increase.
In the UK PPI data, output prices are expected to rise 0.1 percent on the month in October after rising 0.4 percent in September while input costs are seen up 0.2 percent following a 0.4 percent gain.
No revisions are expected to the French CPI data for October, leaving a 0.1 percent monthly rise and a 4.0 percent annual inflation rate, the latter down from September's final 4.9 percent.
Italy's CPI data for October is also expected to show no revisions, leaving a 0.1 percent monthly fall and a 1.8 percent annual inflation rate, the latter down from September's final 5.3 percent.
Eurozone industrial production in September is expected to fall 0.8 percent on the month after rising 0.6 percent in August. Consensus for September's year-over-year rate is a 6.3 percent decline, worsen than a 5.1 percent dip in August.
US producer prices in October are expected to edge 0.1 percent higher on the month versus a 0.5 percent increase in September. The annual rate in October is seen at 2.0 percent, down slightly from September's 2.2 percent increase. The PPI excluding food and energy is seen rising 0.3 percent on the month, the same as in the previous month.
Retail sales are expected to slip 0.3 percent in October following September's strong 0.7 percent rise amid slowing job and wage growth. That would the first month-over-month drop since the 0.9 percent slump in March. Excluding autos, sales are forecast to edge down 0.1 percent after a 0.6 percent gain the previous month.
The New York Fed's Empire State manufacturing index is expected to improve slightly to minus 3.0 in November after October's minus 4.6. Both new orders and unfilled orders in this report have been in contraction.
Business inventories in September are expected to rise 0.4 percent to match a 0.4 percent rise in August.
Canadian manufacturing sales in September are expected to slip 0.1 percent on the month after rising 0.7 percent in August and 1.6 percent in July.
Federal Reserve Vice Chair for Supervision Michael Barr will testify before the US House Financial Services Committee hearing on"Oversight of Prudential Regulators" at 9:30 a.m. EST (1430 GMT).
Richmond Federal Reserve Bank President Thomas Barkin will speak on"The Housing Challenge" before the Virginia Governor's Housing Conference at 3:30 p.m. EST (2030 GMT).
Japanese export values are forecast to post their second straight year-over-year rise in October, up a slight 0.6 percent, on continued solid demand for automobiles from the US and Europe, but exports seem to have lost some steam after rising 4.3 percent to a record high in September as credit tightening by major central banks is dampening demand for capital goods and electronic parts and devices.
Import values are expected to have fallen on the year for the 7th straight month, down 11.9 percent, as energy costs have eased from last year's spike, while the pace of decrease is seen decelerating from September's revised 16.4 percent dip amid recovering domestic demand, which in turn likely pushed the trade balance back into a slight deficit worth ¥688.4 billion. That would compare with an unexpected surplus of a revised ¥72.09 billion in September and a large ¥2.17 trillion deficit seen a year earlier.
Japanese core machinery orders, the key leading indicator of business investment in equipment, are forecast to rebound 1.0 percent on the month in September for the first rise in three months after dipping 0.5 percent in August (some economists expect a continued fall). In contrast to strong capital investment plans for fiscal 2023, actual implementation has been cautious amid global uncertainty. Core private-sector machinery orders, which exclude volatile orders from electric utilities and for ships, are expected to fall 3.5 percent on the year for a 7th straight drop after falling 7.7 percent in August.
Australia's unemployment rate is seen ticking up to 3.7 percent in October from 3.6 percent in September but employment increase is also expected to pick up to 22,000 after falling to a weaker-than-expected 6,700 in September from an above-forecast 64,900 in August.
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.
