Highlights
German retail sales volumes are expected to rise 0.4 percent on the month in October after September's unexpectedly poor 0.8 percent decline. From a year earlier, the call is for a gain of 1.9 percent in October after a 4.6 percent drop in September.
The unemployment rate in Germany is expected to hold steady at 5.8 percent, the highest rate since June 2021.
In Switzerland, retail sales are expected to fall 1.2 percent on the year in October after dipping 0.6 percent in September. KOF Swiss leading indicator is forecast to
rise to 96.7 in October from 95.8 the previous month.
French consumer prices are expected to be flat on the month, trimming the annual inflation rate from October's final 4.0 percent to 3.7 percent.
Consumption of manufactured goods by consumers in France is seen falling 0.4 percent on the month in October after rising 0.8 percent in September.
No revisions are expected to the flash French GDP data, leaving quarterly growth at 0.1 percent and the yearly increase at 0.7 percent.
The Eurozone harmonised index of consumer prices (HICP) is expected to post a 2.8 percent increase on the year in November, easing slightly from a 2.9 percent rise in October, when it decelerated from 4.3 percent in September. The year-over-year rise in the narrow core (excluding energy, food, alcohol and tobacco) is forecast to slow further to 3.9 percent in November from 4.2 percent in October and 4.5 percent in September.
The region's seasonally adjusted unemployment rate in October is forecast at 6.5 percent, unchanged from September, when it rose from 6.4 percent in August.
Italy's consumer prices are expected to edge up 0.1 percent on the month in November after a 0.2 percent drop in October, trimming the annual inflation rate to 1.3 percent from 1.7 percent.
Indian GDP is expected to post year-over-year growth of 7.1 percent in the September quarter, slowing from as-expected 7.8 percent growth in the June quarter.
Among US data, new jobless claims for the November 25 week are expected to rebound to 219,000 versus 209,000 in the prior week.
Personal income is expected to rise 0.2 percent in October, with consumption expenditures also expected to increase 0.2 percent, indicating slower economic activity following September's respective increases of 0.3 and 0.7 percent.
Inflation readings for October are expected at muted monthly increases of 0.1 percent overall and 0.2 percent for the core (versus September's increases of 0.4 and 0.3 percent). Annual rates are expected at 3.1 percent overall and 3.5 percent for the core (versus September's 3.4 and 3.7 percent).
The Chicago PMI is expected to rise in November to 45.1 from 44.0 in October, which was the 14th straight month of sub-50 contraction.
Pending home sales in October, which in September rebounded 1.1 percent after falling 7.1 percent in August, are expected to fall back 2.0 percent.
The Bank of Canada's rate hikes totaling 475 basis points are helping slow activity among households and businesses. GDP for the July-September quarter is expected to be flat, growing just 0.1 percent annualized after contracting 0.2 percent in April-June. For September alone, GDP is seen unchanged for the second straight month. Statistics Canada will provide a flash estimate for October.
New York Federal Reserve Bank President John Williams will give a keynote speech before the Bretton Woods Committee's"Exploring Innovations in Central Banking" conference at 9:15 a.m. (1415 GMT).
Japanese payrolls are expected to post their 15th straight rise on year in October as hospitals, hotels, restaurants and construction firms tried to secure more workers while the unemployment rate is forecast at 2.6 percent, unchanged from September, when it fell from 2.7 percent in August. People who had begun looking for work earlier appeared to have found a job in October.
China's S&P purchasing managers' index for the manufacturing sector is seen softer at 49.3 in November, down from 49.5 in October, which was 6 tenths lower than expected.
The unemployment rate in Germany is expected to hold steady at 5.8 percent, the highest rate since June 2021.
In Switzerland, retail sales are expected to fall 1.2 percent on the year in October after dipping 0.6 percent in September. KOF Swiss leading indicator is forecast to
rise to 96.7 in October from 95.8 the previous month.
French consumer prices are expected to be flat on the month, trimming the annual inflation rate from October's final 4.0 percent to 3.7 percent.
Consumption of manufactured goods by consumers in France is seen falling 0.4 percent on the month in October after rising 0.8 percent in September.
No revisions are expected to the flash French GDP data, leaving quarterly growth at 0.1 percent and the yearly increase at 0.7 percent.
The Eurozone harmonised index of consumer prices (HICP) is expected to post a 2.8 percent increase on the year in November, easing slightly from a 2.9 percent rise in October, when it decelerated from 4.3 percent in September. The year-over-year rise in the narrow core (excluding energy, food, alcohol and tobacco) is forecast to slow further to 3.9 percent in November from 4.2 percent in October and 4.5 percent in September.
The region's seasonally adjusted unemployment rate in October is forecast at 6.5 percent, unchanged from September, when it rose from 6.4 percent in August.
Italy's consumer prices are expected to edge up 0.1 percent on the month in November after a 0.2 percent drop in October, trimming the annual inflation rate to 1.3 percent from 1.7 percent.
Indian GDP is expected to post year-over-year growth of 7.1 percent in the September quarter, slowing from as-expected 7.8 percent growth in the June quarter.
Among US data, new jobless claims for the November 25 week are expected to rebound to 219,000 versus 209,000 in the prior week.
Personal income is expected to rise 0.2 percent in October, with consumption expenditures also expected to increase 0.2 percent, indicating slower economic activity following September's respective increases of 0.3 and 0.7 percent.
Inflation readings for October are expected at muted monthly increases of 0.1 percent overall and 0.2 percent for the core (versus September's increases of 0.4 and 0.3 percent). Annual rates are expected at 3.1 percent overall and 3.5 percent for the core (versus September's 3.4 and 3.7 percent).
The Chicago PMI is expected to rise in November to 45.1 from 44.0 in October, which was the 14th straight month of sub-50 contraction.
Pending home sales in October, which in September rebounded 1.1 percent after falling 7.1 percent in August, are expected to fall back 2.0 percent.
The Bank of Canada's rate hikes totaling 475 basis points are helping slow activity among households and businesses. GDP for the July-September quarter is expected to be flat, growing just 0.1 percent annualized after contracting 0.2 percent in April-June. For September alone, GDP is seen unchanged for the second straight month. Statistics Canada will provide a flash estimate for October.
New York Federal Reserve Bank President John Williams will give a keynote speech before the Bretton Woods Committee's"Exploring Innovations in Central Banking" conference at 9:15 a.m. (1415 GMT).
Japanese payrolls are expected to post their 15th straight rise on year in October as hospitals, hotels, restaurants and construction firms tried to secure more workers while the unemployment rate is forecast at 2.6 percent, unchanged from September, when it fell from 2.7 percent in August. People who had begun looking for work earlier appeared to have found a job in October.
China's S&P purchasing managers' index for the manufacturing sector is seen softer at 49.3 in November, down from 49.5 in October, which was 6 tenths lower than expected.
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.
