Highlights
Switzerland's seasonally adjusted unemployment rate is expected to have edged up a tick to 2.2 percent at year-end.
German industrial production in November is expected to come in unchanged on the month after unexpectedly falling 0.4 percent in October, the fifth straight decline.
In the Eurozone, December's unemployment rate is forecast at 6.6 percent, up slightly from November's near record low of 6.5 percent.
Among US data, the small business optimism index compiled by the National Federation of Independent Business (NFIB) is seen unchanged at 90.6 in December. It has been below the historical average of 98 since January 2022.
A deficit of $64.8 billion is expected in November for total goods and services trade, little changed from a $64.3 billion deficit in October. Advance data on the goods side of November's report showed a $0.7 billion widening in the deficit.
Canada's trade balance for November is seen in C$2.3 billion surplus versus October's surplus of C$3.0 billion that compared with a C$1.1 billion surplus in September.
In Australia's monthly CPI report, consumer inflation is expected to ease further to 4.7 percent in November from a lower-than-expected 4.9 percent in October and 5.6 percent in September.
In December, the Reserve Bank of Australia left its main policy rate at 4.35 percent after raising it by 25 basis points to 4.35 percent from 4.10 percent in November and having left rates on hold at its previous four meetings. The minutes showed board members agreed that whether further tightening of monetary policy is required to ensure that inflation returns to target in a reasonable timeframe will depend on how the incoming data alter the economic outlook and the evolving assessment of risks.
German industrial production in November is expected to come in unchanged on the month after unexpectedly falling 0.4 percent in October, the fifth straight decline.
In the Eurozone, December's unemployment rate is forecast at 6.6 percent, up slightly from November's near record low of 6.5 percent.
Among US data, the small business optimism index compiled by the National Federation of Independent Business (NFIB) is seen unchanged at 90.6 in December. It has been below the historical average of 98 since January 2022.
A deficit of $64.8 billion is expected in November for total goods and services trade, little changed from a $64.3 billion deficit in October. Advance data on the goods side of November's report showed a $0.7 billion widening in the deficit.
Canada's trade balance for November is seen in C$2.3 billion surplus versus October's surplus of C$3.0 billion that compared with a C$1.1 billion surplus in September.
In Australia's monthly CPI report, consumer inflation is expected to ease further to 4.7 percent in November from a lower-than-expected 4.9 percent in October and 5.6 percent in September.
In December, the Reserve Bank of Australia left its main policy rate at 4.35 percent after raising it by 25 basis points to 4.35 percent from 4.10 percent in November and having left rates on hold at its previous four meetings. The minutes showed board members agreed that whether further tightening of monetary policy is required to ensure that inflation returns to target in a reasonable timeframe will depend on how the incoming data alter the economic outlook and the evolving assessment of risks.
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.
