Highlights
The UK inflation rate is expected to decelerate further to 4.4 percent in November after easing sharply to 4.6 percent in October (consensus was 4.8 percent) from 6.7 percent in September. The monthly rate is seen rising 0.2 percent after being flat.
Germany's Gfk consumer climate is expected to improve slightly to minus 27.0 in January after a 1.5-point rise to minus 27.8 in December, which ended three months of deterioration. Previously, the index fell to minus 28.3 in November from minus 26.7 in October, showing the weakest result since April (minus 29.3).
German producer prices are forecast to fall 0.2 percent on the month in November after dipping 0.1 percent in October. From a year earlier, the PPI is expected to fall 7.1 percent after slumping 11.0 percent the previous month.
The Eurozone's consumer confidence index for December is expected to rise a half point to minus 16.4 versus November's minus 16.9, which showed nearly a full point of improvement.
Among US data, the third-quarter current account deficit is expected to narrow further to $203.0 billion versus a narrower-than-expected $212.1 billion in the second quarter.
The Conference Board's consumer confidence index is expected to rise modestly in December, to a consensus 103.4 versus 102.0 in November, which was a half point higher than expected and up from 99.1 October, following three consecutive months of decline. Despite the recent improvement in sentiment, consumers remain preoccupied with rising prices in general, followed by war/conflicts and higher interest rates, the Conference Board said last month.
After October's lower-than-expected 3.79 million annual rate, existing home sales in November are expected to edge yet lower to a 3.775 million rate. Low inventory of homes for sale, high prices and high interest rates have been hurting sales.
Germany's Gfk consumer climate is expected to improve slightly to minus 27.0 in January after a 1.5-point rise to minus 27.8 in December, which ended three months of deterioration. Previously, the index fell to minus 28.3 in November from minus 26.7 in October, showing the weakest result since April (minus 29.3).
German producer prices are forecast to fall 0.2 percent on the month in November after dipping 0.1 percent in October. From a year earlier, the PPI is expected to fall 7.1 percent after slumping 11.0 percent the previous month.
The Eurozone's consumer confidence index for December is expected to rise a half point to minus 16.4 versus November's minus 16.9, which showed nearly a full point of improvement.
Among US data, the third-quarter current account deficit is expected to narrow further to $203.0 billion versus a narrower-than-expected $212.1 billion in the second quarter.
The Conference Board's consumer confidence index is expected to rise modestly in December, to a consensus 103.4 versus 102.0 in November, which was a half point higher than expected and up from 99.1 October, following three consecutive months of decline. Despite the recent improvement in sentiment, consumers remain preoccupied with rising prices in general, followed by war/conflicts and higher interest rates, the Conference Board said last month.
After October's lower-than-expected 3.79 million annual rate, existing home sales in November are expected to edge yet lower to a 3.775 million rate. Low inventory of homes for sale, high prices and high interest rates have been hurting sales.
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.
