Highlights
No revisions are expected to the provisional German CPI data for December, leaving a 0.1 percent monthly rise in consumer prices and a 3.7 percent annual inflation rate, up from November's final 3.2 percent.
The UK labour market report is expected to show the ILO unemployment rate for the three months to December rose to 4.3 percent from 4.2 percent previously. Average earnings growth for the three months to December is seen easing only marginally to 7.1 percent from 7.2 percent.
No revisions are expected to the provisional Italian CPI data for December, leaving a 0.2 percent monthly rise in consumer prices and a 0.6 percent annual inflation rate, down from November's final 0.7 percent.
The ZEW monthly survey of financial experts in Germany is likely to show sentiment is mixed. The current conditions index is expected to rise to minus 76.0 in January from December's minus 77.1, which was lower than expected. The expectations (economic sentiment) index is forecast at 12.7, little changed from December's 12.8, which was higher than expected.
The New York Fed's Empire State manufacturing index for January is expected to improve nearly 10 points to minus 4.7 after December's steep fall to minus 14.5 in a report that showed steep declines for both new and unfilled orders.
In Canada, housing starts are expected to accelerate to a seasonally adjusted annual rate of 240,000 units in December versus November's much lower-than-expected 212,624.
After November's annual rate of 3.1 percent, Canada's consumer prices in December are expected to rise to 3.4 percent due to base effects of a larger drop in gasoline prices a year earlier as well as high costs for mortgages and rents. By contrast, the core rate (excluding food and energy) is expected to slow to 3.3 percent from 3.5 percent.
Federal Reserve Board Governor Christopher Waller will speak on the economic outlook before the Brookings Institution at 11 a.m. EST (1600 GMT).
Among key Chinese data, fixed asset investment is expected to remain slow, up 2.9 percent on year in December, unchanged from November.
GDP data for the October-December period is forecast to show China's economy is struggling to recover from the pandemic slump and debt-ridden property market, with quarterly growth slowing to 1.0 percent from 1.3 percent in July-September, but the year-over-year rate of increase is seen accelerating to 5.2 percent from 4.9 percent.
Industrial production in China is expected to maintain a high pace of year-over-year growth, up 6.6 percent in December, after beating expectations with a 6.6 percent rise in November versus 4.6 percent in October. Retail sales are expected to post a solid 8.0 percent increase on year in December after rising a below-forecast 10.1 percent in November and 7.6 percent in October.
The UK labour market report is expected to show the ILO unemployment rate for the three months to December rose to 4.3 percent from 4.2 percent previously. Average earnings growth for the three months to December is seen easing only marginally to 7.1 percent from 7.2 percent.
No revisions are expected to the provisional Italian CPI data for December, leaving a 0.2 percent monthly rise in consumer prices and a 0.6 percent annual inflation rate, down from November's final 0.7 percent.
The ZEW monthly survey of financial experts in Germany is likely to show sentiment is mixed. The current conditions index is expected to rise to minus 76.0 in January from December's minus 77.1, which was lower than expected. The expectations (economic sentiment) index is forecast at 12.7, little changed from December's 12.8, which was higher than expected.
The New York Fed's Empire State manufacturing index for January is expected to improve nearly 10 points to minus 4.7 after December's steep fall to minus 14.5 in a report that showed steep declines for both new and unfilled orders.
In Canada, housing starts are expected to accelerate to a seasonally adjusted annual rate of 240,000 units in December versus November's much lower-than-expected 212,624.
After November's annual rate of 3.1 percent, Canada's consumer prices in December are expected to rise to 3.4 percent due to base effects of a larger drop in gasoline prices a year earlier as well as high costs for mortgages and rents. By contrast, the core rate (excluding food and energy) is expected to slow to 3.3 percent from 3.5 percent.
Federal Reserve Board Governor Christopher Waller will speak on the economic outlook before the Brookings Institution at 11 a.m. EST (1600 GMT).
Among key Chinese data, fixed asset investment is expected to remain slow, up 2.9 percent on year in December, unchanged from November.
GDP data for the October-December period is forecast to show China's economy is struggling to recover from the pandemic slump and debt-ridden property market, with quarterly growth slowing to 1.0 percent from 1.3 percent in July-September, but the year-over-year rate of increase is seen accelerating to 5.2 percent from 4.9 percent.
Industrial production in China is expected to maintain a high pace of year-over-year growth, up 6.6 percent in December, after beating expectations with a 6.6 percent rise in November versus 4.6 percent in October. Retail sales are expected to post a solid 8.0 percent increase on year in December after rising a below-forecast 10.1 percent in November and 7.6 percent in October.
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.
