Highlights
In Germany, the Gfk consumer climate index is expected to improve only slightly to minus 27.0 in December's report after slipping to minus 28.1 in November, which was its third successive fall and the weakest result since April (minus 29.3).
The Eurozone's broad money growth (on a 3-month basis) is expected to decline again at an annual rate of 1.0 percent in October after falling at the same rate in September.
Among US data, the Case-Shiller home price index for the adjusted 20-city monthly rate is forecast to have risen 0.7 percent on the month in September, slowing from August's strong 1.0 percent increase. Unadjusted annual growth was 2.2 percent in August and is seen higher in September at 3.8 percent.
The Federal Housing Finance Agency (FHFA) house price index is expected to rise 0.4 percent on the month in September following a 0.6 percent increase in August.
The Conference Board's consumer confidence index is expected to fall further in November amid elevated costs for daily necessities and borrowing costs, down at 101.5 compared to 102.6 in October, which was higher than expected but 1.7 points below September's upwardly revised 104.3. This index remains historically depressed and has fallen for three straight months. Last month, the Conference Board noted consumers were concerned about geopolitical risks in the wake of the war in the Middle East.
Richmond Fed's manufacturing index is expected to decline in November to 1 from 3 in October.
Chicago Federal Reserve Bank President Austan Goolsbee will give welcome and opening remarks before the hybrid"Who Owns Midwest Farmland? And Why?" Midwest Agricultural Conference hosted by the Federal Reserve Bank of Chicago at 10 a.m. EST (1500 GMT).
Federal Reserve Board Governor Christopher Waller will speak on the economic outlook before an American Enterprise Institute event,"The Federal Reserve and the Economic Outlook: A Conversation with Federal Reserve Governor Christopher J. Waller" at 10:05 EST (1505 GMT).
Federal Reserve Board Governor Michelle Bowman will speak on"Monetary Policy and the Economy" before a Utah Bankers Association and Salt Lake Chamber breakfast at 10:45 EST (1545 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr to speak virtually on the Community Reinvestment Act at an event,"Modernized Community Reinvestment Act and Indian Country" at 1:05 p.m. EST (1805 GMT).
Later at 3:30 p.m. (2030 GMT), Barr will participate virtually in a discussion on the Community Reinvestment Act before the Opportunity Finance Network Fireside Chat on the Community Reinvestment Act Regulations.
In Australia, the monthly CPI data is expected to show the annual consumer inflation rate slipped back to 5.2 percent in October after rising to 5.6 percent in September from 5.2 percent in August. The Reserve Bank of Australia raised its main policy rate by 25 basis points to 4.35 percent at its last meeting on Nov. 7, as expected, after having left rates on hold at the previous four meetings, noting inflation had passed its peak but was still too high.
The Reserve Bank of New Zealand is expected to leave its policy interest rate at 5.50 percent after having left it unchanged at its previous three meetings. Inflation has eased to 5.6 percent in the July-September quarter but it is still above the bank's 1 to 3 percent target. After the last meeting on Oct. 4, the bank said there is a near-term risk that economic activity and inflation do not slow as much as needed. Over the medium term, a greater slowdown in global economic demand, particularly in China, could weigh more on commodity prices and New Zealand export revenue, it said.
The Eurozone's broad money growth (on a 3-month basis) is expected to decline again at an annual rate of 1.0 percent in October after falling at the same rate in September.
Among US data, the Case-Shiller home price index for the adjusted 20-city monthly rate is forecast to have risen 0.7 percent on the month in September, slowing from August's strong 1.0 percent increase. Unadjusted annual growth was 2.2 percent in August and is seen higher in September at 3.8 percent.
The Federal Housing Finance Agency (FHFA) house price index is expected to rise 0.4 percent on the month in September following a 0.6 percent increase in August.
The Conference Board's consumer confidence index is expected to fall further in November amid elevated costs for daily necessities and borrowing costs, down at 101.5 compared to 102.6 in October, which was higher than expected but 1.7 points below September's upwardly revised 104.3. This index remains historically depressed and has fallen for three straight months. Last month, the Conference Board noted consumers were concerned about geopolitical risks in the wake of the war in the Middle East.
Richmond Fed's manufacturing index is expected to decline in November to 1 from 3 in October.
Chicago Federal Reserve Bank President Austan Goolsbee will give welcome and opening remarks before the hybrid"Who Owns Midwest Farmland? And Why?" Midwest Agricultural Conference hosted by the Federal Reserve Bank of Chicago at 10 a.m. EST (1500 GMT).
Federal Reserve Board Governor Christopher Waller will speak on the economic outlook before an American Enterprise Institute event,"The Federal Reserve and the Economic Outlook: A Conversation with Federal Reserve Governor Christopher J. Waller" at 10:05 EST (1505 GMT).
Federal Reserve Board Governor Michelle Bowman will speak on"Monetary Policy and the Economy" before a Utah Bankers Association and Salt Lake Chamber breakfast at 10:45 EST (1545 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr to speak virtually on the Community Reinvestment Act at an event,"Modernized Community Reinvestment Act and Indian Country" at 1:05 p.m. EST (1805 GMT).
Later at 3:30 p.m. (2030 GMT), Barr will participate virtually in a discussion on the Community Reinvestment Act before the Opportunity Finance Network Fireside Chat on the Community Reinvestment Act Regulations.
In Australia, the monthly CPI data is expected to show the annual consumer inflation rate slipped back to 5.2 percent in October after rising to 5.6 percent in September from 5.2 percent in August. The Reserve Bank of Australia raised its main policy rate by 25 basis points to 4.35 percent at its last meeting on Nov. 7, as expected, after having left rates on hold at the previous four meetings, noting inflation had passed its peak but was still too high.
The Reserve Bank of New Zealand is expected to leave its policy interest rate at 5.50 percent after having left it unchanged at its previous three meetings. Inflation has eased to 5.6 percent in the July-September quarter but it is still above the bank's 1 to 3 percent target. After the last meeting on Oct. 4, the bank said there is a near-term risk that economic activity and inflation do not slow as much as needed. Over the medium term, a greater slowdown in global economic demand, particularly in China, could weigh more on commodity prices and New Zealand export revenue, it said.
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.
