Highlights
The Richmond Fed manufacturing index for December is expected to be little changed at minus 6 after falling to minus 5 in November from plus 3 in October.
In South Korea, industrial production is forecast to rise 1.3 percent on the month in November after a 3.5 percent drop in October and a 1.7 percent rise in September.
Japan's industrial production is forecast to post its first monthly drop in three months in November, down 1.7 percent after rising an upwardly revised 1.3 percent in October, on an expected pullback in electronic parts and devices after a solid rise in the previous month. Exports of automobiles remain solid, alleviating slower global demand for production machinery. From a year earlier, factory output is seen down 2.2 percent after a 1.1 percent rebound on three months of decline. METI is expected to maintain its assessment that industrial output is"taking one step forward and one step back."
Japanese retail sales are forecast to have risen 4.9 percent on year in November, following increases of a revised 4.1 percent in October and 6.3 percent in September. New vehicle sales slowed while fuel prices rose at a slower pace. Retail sales are seen up just 0.1 percent on the month after falling 1.7 percent in October, when the lingering heat wave dampened demand for autumn goods. Sales values have been supported by elevated prices for food and beverages. The number of visitors from other countries has recovered and the yen remains relatively weak, propping up department store sales.
In South Korea, industrial production is forecast to rise 1.3 percent on the month in November after a 3.5 percent drop in October and a 1.7 percent rise in September.
Japan's industrial production is forecast to post its first monthly drop in three months in November, down 1.7 percent after rising an upwardly revised 1.3 percent in October, on an expected pullback in electronic parts and devices after a solid rise in the previous month. Exports of automobiles remain solid, alleviating slower global demand for production machinery. From a year earlier, factory output is seen down 2.2 percent after a 1.1 percent rebound on three months of decline. METI is expected to maintain its assessment that industrial output is"taking one step forward and one step back."
Japanese retail sales are forecast to have risen 4.9 percent on year in November, following increases of a revised 4.1 percent in October and 6.3 percent in September. New vehicle sales slowed while fuel prices rose at a slower pace. Retail sales are seen up just 0.1 percent on the month after falling 1.7 percent in October, when the lingering heat wave dampened demand for autumn goods. Sales values have been supported by elevated prices for food and beverages. The number of visitors from other countries has recovered and the yen remains relatively weak, propping up department store 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.
