Highlights
US new jobless claims for the November 11 week are expected to come in at 222,000, up from 217,000 in the prior week.
The Philadelphia Fed manufacturing index in November is expected to edge lower to minus 11.0 from October's minus 9.0 in a report, however, that showed increases for both new orders and shipments.
Import prices edged 0.1 percent higher in September, with October's expectations at a 0.3 percent fall. Export prices, which in September rose 0.7 percent, are expected to fall 0.2 percent.
After a better-than-expected 0.3 percent rise in September, US industrial production is expected to fall 0.3 percent on the month in October. Manufacturing output is also expected to fall 0.3 percent after rising 0.4 percent. Capacity utilization is expected to ease to 79.4 percent following September's 79.7 percent rate.
The housing market index is forecast to hold steady in November after falling a sharp 5 points in October to a much lower-than-expected 40.
Canadian housing starts are expected to slow to 250,000 in October versus September's higher-than-expected 270,466, which was up 8.0 percent despite rising interest rates.
Federal Reserve Vice Chair for Supervision Michael Barr will participate virtually in the"Bank Supervision and Regulation" discussion before the Seventh Annual Conference of the European Systemic Risk Board at 7:10 a.m. EST (1210 GMT).
Cleveland Federal Reserve Bank President Loretta Mester will give opening remarks before hybrid 2023 Financial Stability Conference:"Financial Stability in Times of Macroeconomic Uncertainty" hosted by the Federal Reserve Bank of Cleveland at 8:30 a.m. EST (1330 GMT). Later at 12 p.m. EST (1700 GMT), she will give introductory remarks at the event.
New York Federal Reserve Bank President John Williams will speak before the 2023 U.S. Treasury Markets Conference co-hosted by the Federal Reserve Bank of New York at 9:25 a.m. EST (1425 GMT). At the same event, Federal Reserve Vice Chair for Supervision Michael Barr will speak on"Financial Stability" at 10:35 EST (1535 GMT).
Federal Reserve Board Governor Christopher Waller will participate in the"Central Bank Digital Currency" discussion before the 2nd Conference on the Economics of Central Bank Digital Currency hosted by the Bank of Canada and Sveriges Riksbank at 10:30 EST (1530 GMT).
Federal Reserve Board Governor Lisa Cook will participate in the"Global Linkages and Spillovers" discussion before the Federal Reserve Bank of San Francisco Asia Economic Policy Conference --"Global Linkages in a Post-Pandemic World" at 12 p.m. EST (1700 GMT).
The Philadelphia Fed manufacturing index in November is expected to edge lower to minus 11.0 from October's minus 9.0 in a report, however, that showed increases for both new orders and shipments.
Import prices edged 0.1 percent higher in September, with October's expectations at a 0.3 percent fall. Export prices, which in September rose 0.7 percent, are expected to fall 0.2 percent.
After a better-than-expected 0.3 percent rise in September, US industrial production is expected to fall 0.3 percent on the month in October. Manufacturing output is also expected to fall 0.3 percent after rising 0.4 percent. Capacity utilization is expected to ease to 79.4 percent following September's 79.7 percent rate.
The housing market index is forecast to hold steady in November after falling a sharp 5 points in October to a much lower-than-expected 40.
Canadian housing starts are expected to slow to 250,000 in October versus September's higher-than-expected 270,466, which was up 8.0 percent despite rising interest rates.
Federal Reserve Vice Chair for Supervision Michael Barr will participate virtually in the"Bank Supervision and Regulation" discussion before the Seventh Annual Conference of the European Systemic Risk Board at 7:10 a.m. EST (1210 GMT).
Cleveland Federal Reserve Bank President Loretta Mester will give opening remarks before hybrid 2023 Financial Stability Conference:"Financial Stability in Times of Macroeconomic Uncertainty" hosted by the Federal Reserve Bank of Cleveland at 8:30 a.m. EST (1330 GMT). Later at 12 p.m. EST (1700 GMT), she will give introductory remarks at the event.
New York Federal Reserve Bank President John Williams will speak before the 2023 U.S. Treasury Markets Conference co-hosted by the Federal Reserve Bank of New York at 9:25 a.m. EST (1425 GMT). At the same event, Federal Reserve Vice Chair for Supervision Michael Barr will speak on"Financial Stability" at 10:35 EST (1535 GMT).
Federal Reserve Board Governor Christopher Waller will participate in the"Central Bank Digital Currency" discussion before the 2nd Conference on the Economics of Central Bank Digital Currency hosted by the Bank of Canada and Sveriges Riksbank at 10:30 EST (1530 GMT).
Federal Reserve Board Governor Lisa Cook will participate in the"Global Linkages and Spillovers" discussion before the Federal Reserve Bank of San Francisco Asia Economic Policy Conference --"Global Linkages in a Post-Pandemic World" at 12 p.m. EST (1700 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.
