Highlights
UK retail sales in November are expected to rise 0.6 percent on the month after falling 0.3 percent in October, which was much weaker than expected.
No revisions are expected to the UK third quarter GDP, leaving a zero quarterly change and a 0.6 percent yearly increase in total output.
US durable goods orders are forecast to rise 2.4 percent on the month in November following October's 5.4 percent fall and September's 4.0 percent jump that both reflected swings in aircraft orders. Excluding transportation, orders are seen up a slight 0.2 percent in November, with core capital goods orders, which have been weakening, rising a marginal 0.1 percent.
Personal income is expected to rise 0.4 percent in November, with consumption expenditures expected to increase 0.3 percent. These would compare with October's increases of 0.2 percent for both. Inflation readings for November are expected at monthly a fall of 0.1 percent overall but a 0.2 percent increase for the core (versus no change overall in October and a 0.2 percent rise for the core). Annual rates are expected at 2.9 percent overall and 3.4 percent for the core (versus October's 3.0 and 3.5 percent).
US new home sales are forecast at an annual rate of 690,000 units in November, rising from a lower-than-expected 679,000 in October. That would be still below September's higher-than-expected 759,000.
The University of Michigan consumer sentiment index is expected to end December at 69.4, unchanged from the mid-month flash and sharply higher than November's 61.3. Year-ahead inflation expectations are expected to hold at the mid-month's 3.1 percent, which was dramatically lower from November's 4.5 percent.
Canada's monthly GDP data is expected to show a 0.2 percent rise on the month in October after posting a marginal 0.1 percent rise in September and being flat in August.
No revisions are expected to the UK third quarter GDP, leaving a zero quarterly change and a 0.6 percent yearly increase in total output.
US durable goods orders are forecast to rise 2.4 percent on the month in November following October's 5.4 percent fall and September's 4.0 percent jump that both reflected swings in aircraft orders. Excluding transportation, orders are seen up a slight 0.2 percent in November, with core capital goods orders, which have been weakening, rising a marginal 0.1 percent.
Personal income is expected to rise 0.4 percent in November, with consumption expenditures expected to increase 0.3 percent. These would compare with October's increases of 0.2 percent for both. Inflation readings for November are expected at monthly a fall of 0.1 percent overall but a 0.2 percent increase for the core (versus no change overall in October and a 0.2 percent rise for the core). Annual rates are expected at 2.9 percent overall and 3.4 percent for the core (versus October's 3.0 and 3.5 percent).
US new home sales are forecast at an annual rate of 690,000 units in November, rising from a lower-than-expected 679,000 in October. That would be still below September's higher-than-expected 759,000.
The University of Michigan consumer sentiment index is expected to end December at 69.4, unchanged from the mid-month flash and sharply higher than November's 61.3. Year-ahead inflation expectations are expected to hold at the mid-month's 3.1 percent, which was dramatically lower from November's 4.5 percent.
Canada's monthly GDP data is expected to show a 0.2 percent rise on the month in October after posting a marginal 0.1 percent rise in September and being flat in August.
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.
