Highlights
Italian industrial production for November is expected to repeat October's 0.2 percent monthly decline.
Consumer inflation in the US is expected to show a modest pickup to an annual rate of 3.2 percent in December from 3.1 percent in November despite lower gasoline and commodities prices, as it is seen rising 0.2 percent on the month after a 0.1 percent gain.
Excluding volatile factors of food and energy, the core CPI is forecast to ease slightly to a 0.2 percent increase on the month from a 0.3 percent rise, with the annual rate also seen slowing to 3.8 percent from 4.0 percent previously.
New jobless claims for the January 6 week are expected to come in at 209,000, up from 202,000 in the prior week.
Richmond Federal Reserve Bank President Thomas Barkin will speak before the Virginia Bankers Association 2024 Financial Forecast at 12:40 p.m. EST (1740 GMT).
In China, deflation is expected to ease in December. The year-over-year decline in consumer prices is forecast at 0.3 percent versus 0.5 percent in November while produce prices are seen down 2.6 percent on year after falling 3.0 percent. China's CPI last peaked in January 2023 at 2.1 percent.
The trade surplus is expected to widen to $76.00 billion in December from $68.39 billion in November.
Consumer inflation in the US is expected to show a modest pickup to an annual rate of 3.2 percent in December from 3.1 percent in November despite lower gasoline and commodities prices, as it is seen rising 0.2 percent on the month after a 0.1 percent gain.
Excluding volatile factors of food and energy, the core CPI is forecast to ease slightly to a 0.2 percent increase on the month from a 0.3 percent rise, with the annual rate also seen slowing to 3.8 percent from 4.0 percent previously.
New jobless claims for the January 6 week are expected to come in at 209,000, up from 202,000 in the prior week.
Richmond Federal Reserve Bank President Thomas Barkin will speak before the Virginia Bankers Association 2024 Financial Forecast at 12:40 p.m. EST (1740 GMT).
In China, deflation is expected to ease in December. The year-over-year decline in consumer prices is forecast at 0.3 percent versus 0.5 percent in November while produce prices are seen down 2.6 percent on year after falling 3.0 percent. China's CPI last peaked in January 2023 at 2.1 percent.
The trade surplus is expected to widen to $76.00 billion in December from $68.39 billion in November.
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.
