Highlights
This week, the US Federal Reserve's Beige Book on Wednesday will show how the economy is doing ahead of the bank's next policy meeting on Dec. 12-13.
Personal income and spending data on Thursday is expected to show growth eased in October. The US jobs data for November will be released next week, on Dec. 8.
Canada's latest GDP data due Wednesday will point to modest growth in the third quarter as the cumulative effects of interest rates hikes are weighing on the economy while jobs data on Friday are likely to show slower employment growth and a slight uptick in the unemployment rate.
Elsewhere, the Reserve Bank of New Zealand is widely expected to maintain its policy interest rate at 5.5 percent and the Bank of Korea is also set leave its policy rate at 3.5 percent.
For Monday, sales of new single-family houses in the US are forecast to fall to a seasonally adjusted annualized rate of 725,000 in October from September's much higher-than-expected 759,000 but it would be still higher than a lower-than-expected 676,000 in August.
The Dallas Fed manufacturing activity index is expected to extend its long contraction but likely to edge up to minus 16.5 in November from minus 19.2 in October, when it dipped from minus 18.1 in September.
Australian retail sales are expected to post a slower 0.2 percent rise on the month in October after surging an above-forecast 0.9 percent that benefited from warm weather and release of a new iPhone.
Personal income and spending data on Thursday is expected to show growth eased in October. The US jobs data for November will be released next week, on Dec. 8.
Canada's latest GDP data due Wednesday will point to modest growth in the third quarter as the cumulative effects of interest rates hikes are weighing on the economy while jobs data on Friday are likely to show slower employment growth and a slight uptick in the unemployment rate.
Elsewhere, the Reserve Bank of New Zealand is widely expected to maintain its policy interest rate at 5.5 percent and the Bank of Korea is also set leave its policy rate at 3.5 percent.
For Monday, sales of new single-family houses in the US are forecast to fall to a seasonally adjusted annualized rate of 725,000 in October from September's much higher-than-expected 759,000 but it would be still higher than a lower-than-expected 676,000 in August.
The Dallas Fed manufacturing activity index is expected to extend its long contraction but likely to edge up to minus 16.5 in November from minus 19.2 in October, when it dipped from minus 18.1 in September.
Australian retail sales are expected to post a slower 0.2 percent rise on the month in October after surging an above-forecast 0.9 percent that benefited from warm weather and release of a new iPhone.
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.
