Highlights
In the UK, alongside Chancellor Hunt's policy statement, the Office for Budget Responsibility will present updated economic and fiscal forecasts.
The Eurozone consumer confidence index in November is expected to improve slightly to minus 17.6 versus October's minus 17.9, which was slightly better than expected.
There are a few US indicators ahead of the Thanksgiving Day market holiday on Thursday.
Durable goods orders are expected to fall back 3.2 percent on the month in October following September's 4.6 percent jump that was led by commercial aircraft but otherwise showed broad strength. Excluding transportation, orders are seen edging 0.1 percent higher with core capital goods orders, which have been rising, slowing to a 0.2 percent increase.
New jobless claims for the November 18 week are expected to come in at 225,000, down from 231,000 in the prior week.
The University of Michigan's consumer sentiment index is expected to end November at 60.5, little changed from the 60.4 mid-month flash and noticeably lower than October's 63.8. Year-ahead inflation expectations are expected to hold at the mid-month's elevated 4.4 percent that was up from 4.2 percent in October.
The Eurozone consumer confidence index in November is expected to improve slightly to minus 17.6 versus October's minus 17.9, which was slightly better than expected.
There are a few US indicators ahead of the Thanksgiving Day market holiday on Thursday.
Durable goods orders are expected to fall back 3.2 percent on the month in October following September's 4.6 percent jump that was led by commercial aircraft but otherwise showed broad strength. Excluding transportation, orders are seen edging 0.1 percent higher with core capital goods orders, which have been rising, slowing to a 0.2 percent increase.
New jobless claims for the November 18 week are expected to come in at 225,000, down from 231,000 in the prior week.
The University of Michigan's consumer sentiment index is expected to end November at 60.5, little changed from the 60.4 mid-month flash and noticeably lower than October's 63.8. Year-ahead inflation expectations are expected to hold at the mid-month's elevated 4.4 percent that was up from 4.2 percent in October.
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.
