Highlights
In the Eurozone, no revisions are expected to the harmonised index of consumer prices (HICP) data for November, leaving a 2.4 percent headline inflation rate, down from October's final 2.9 percent, and a 3.6 percent narrow core, down from 4.2 percent.
US housing starts in November are expected to fall back to a 1.360 million annual rate versus October's 1.372 million rate that was better than expected. Permits, at a better-than-expected 1.487 million in October, are expected to slow to a 1.470 million rate.
In Cannada, consumer prices in November are expected to fall 0.1 percent on the month after a benign 0.1 percent rise in October. The annual rate is seen falling to 2.9 percent from 3.1 percent in October and 3.8 percent in September, but that would be still above 2.8 percent in June, which was the lowest since 2.2% in March 2021.
Atlanta Federal Reserve Bank President Raphael Bostic will speak on the U.S. economy, outlook for business and the Federal Reserve's role before a Harvard Business School Club of Atlanta alumni luncheon at 12:30 p.m. EST (1730 GMT).
Chicago Federal Reserve Bank President Austan Goolsbee will participate in a live interview on Fox News's"Special Report with Brett Baier at 6 p.m. EST (2300 GMT).
Japanese export values are forecast to post their third straight year-over-year rise in November, up 1.9 percent. Demand for automobiles from the US and Europe remains strong while that for semiconductor-producing equipment has been sluggish and orders from China have been weak. Import values are expected to have fallen for the 8th straight month on lower energy costs, down 7.5 percent, with the pace of decrease slowing from double-digit percentage drops in the previous six months. The trade deficit is forecast to have widen to ¥1,024.0 billion (¥1.02 trillion) from a revised ¥660.97 billion in October. That would be still narrower than a ¥2.06 trillion deficit seen a year earlier.
Like November, the People's Bank of China is not expected to further reduce its loan prime rates, holding at 3.45 percent for the 1-year and 4.20 percent for the 5-year.
US housing starts in November are expected to fall back to a 1.360 million annual rate versus October's 1.372 million rate that was better than expected. Permits, at a better-than-expected 1.487 million in October, are expected to slow to a 1.470 million rate.
In Cannada, consumer prices in November are expected to fall 0.1 percent on the month after a benign 0.1 percent rise in October. The annual rate is seen falling to 2.9 percent from 3.1 percent in October and 3.8 percent in September, but that would be still above 2.8 percent in June, which was the lowest since 2.2% in March 2021.
Atlanta Federal Reserve Bank President Raphael Bostic will speak on the U.S. economy, outlook for business and the Federal Reserve's role before a Harvard Business School Club of Atlanta alumni luncheon at 12:30 p.m. EST (1730 GMT).
Chicago Federal Reserve Bank President Austan Goolsbee will participate in a live interview on Fox News's"Special Report with Brett Baier at 6 p.m. EST (2300 GMT).
Japanese export values are forecast to post their third straight year-over-year rise in November, up 1.9 percent. Demand for automobiles from the US and Europe remains strong while that for semiconductor-producing equipment has been sluggish and orders from China have been weak. Import values are expected to have fallen for the 8th straight month on lower energy costs, down 7.5 percent, with the pace of decrease slowing from double-digit percentage drops in the previous six months. The trade deficit is forecast to have widen to ¥1,024.0 billion (¥1.02 trillion) from a revised ¥660.97 billion in October. That would be still narrower than a ¥2.06 trillion deficit seen a year earlier.
Like November, the People's Bank of China is not expected to further reduce its loan prime rates, holding at 3.45 percent for the 1-year and 4.20 percent for the 5-year.
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.
