Highlights
Switzerland's GDP stagnated in the second quarter and is similarly expected to register zero growth in the period just ended.
The SVME purchasing managers' index is expected to climb from October's 40.6 to 41.7 in November but remain deep in recession territory.
No revision is expected to the flash Italian GDP data for the July-September quarter, leaving both quarterly and annual growth at zero.
U.S. manufacturing activity is expected to be in contraction territory for the 13th straight month in November as demand remains sluggish, but the Institute for Supply Management index, which shows general direction, is forecast to pick up slightly to 47.5 after slumping 2.3 points to 46.7 in October.
Construction spending has yet shown much effect from rising financing rates. After rising an as-expected 0.4 percent in September, spending in October is expected to rise another 0.3 percent.
In Canada, employment in November is expected to rise 12,000 versus October's 17,500 increase, which was just over expectations and followed September's 63,800 surge. November's unemployment rate is forecast to rise further to 5.8 percent from 5.7% in October and 5.5 percent in the previous three months.
Among Fed speakers, Federal Reserve Vice Chair for Supervision Michael Barr will speak on"Bank Supervision and Regulation" before the Fifth ECB Forum on Banking Supervision at 3 a.m. EST (0800 GMT).
Chicago Federal Reserve Bank President Austan Goolsbee will participate in a moderated question-and-answer session before the 37th Annual Economic Outlook Symposium hosted by the Federal Reserve Bank of Chicago at 10 a.m. EST (1500 GMT).
Federal Reserve Chairman Jerome Powell will participate in a fireside chat at Spelman College at 11 a.m. EST (1600 GMT). Powell and Federal Reserve Board Governor Lisa Cook will participate in a roundtable at the college to hear from local leaders in the tech innovation and entrepreneurship community at 2 p.m. EST (1900 GMT).
The SVME purchasing managers' index is expected to climb from October's 40.6 to 41.7 in November but remain deep in recession territory.
No revision is expected to the flash Italian GDP data for the July-September quarter, leaving both quarterly and annual growth at zero.
U.S. manufacturing activity is expected to be in contraction territory for the 13th straight month in November as demand remains sluggish, but the Institute for Supply Management index, which shows general direction, is forecast to pick up slightly to 47.5 after slumping 2.3 points to 46.7 in October.
Construction spending has yet shown much effect from rising financing rates. After rising an as-expected 0.4 percent in September, spending in October is expected to rise another 0.3 percent.
In Canada, employment in November is expected to rise 12,000 versus October's 17,500 increase, which was just over expectations and followed September's 63,800 surge. November's unemployment rate is forecast to rise further to 5.8 percent from 5.7% in October and 5.5 percent in the previous three months.
Among Fed speakers, Federal Reserve Vice Chair for Supervision Michael Barr will speak on"Bank Supervision and Regulation" before the Fifth ECB Forum on Banking Supervision at 3 a.m. EST (0800 GMT).
Chicago Federal Reserve Bank President Austan Goolsbee will participate in a moderated question-and-answer session before the 37th Annual Economic Outlook Symposium hosted by the Federal Reserve Bank of Chicago at 10 a.m. EST (1500 GMT).
Federal Reserve Chairman Jerome Powell will participate in a fireside chat at Spelman College at 11 a.m. EST (1600 GMT). Powell and Federal Reserve Board Governor Lisa Cook will participate in a roundtable at the college to hear from local leaders in the tech innovation and entrepreneurship community at 2 p.m. EST (1900 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.
