Highlights
UK retail sales in December are expected to fall 0.5 percent on the month after jumping a surprising 1.3 percent in November, which more than doubled the consensus.
German produce price data is likely to show a continued decline. December's PPI is seen falling 0.4 percent on the month after falling 0.5 percent in November. From a year earlier, the PPI is expected to fall 7.9 percent to match November's contraction.
In Switzerland's producer and import price data, prices are seen sliding 0.3 percent on the month in December after a 0.9 percent drop in November.
US existing home sales are expected to hold at November's as-expected 3.82 million annual rate. Low inventory of homes for sales along with high prices and high interest rates have been constraining sales.
The University of Michigan consumer sentiment index for January is expected to slip back slightly to 69.2 after surging nearly 9 points to 69.7 in December. Year-ahead inflation expectations are expected to hold at 3.1 percent.
Canadian retail sales in November are expected to come in unchanged following a 0.7 percent rise in October, in a sign that the economy remains stagnant under the weight of high borrowing costs.
Among Fed talk, San Francisco Federal Reserve Bank President Mary Daly will appear in a live interview on Fox Business at 11:15 a.m. EST (1615 GMT). She will also participate in a fireside chat before the hybrid event on"A Future Outlook: Innovation & Economic Growth in San Diego" at 4:15 p.m. EST (2115 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will participate in discussion on"Bank Regulation" before the Responsible AI Symposium: Advancing a Blueprint for Tech Equity" hosted by the National Fair Housing Alliance at 1 p.m. EST (1800 GMT).
German produce price data is likely to show a continued decline. December's PPI is seen falling 0.4 percent on the month after falling 0.5 percent in November. From a year earlier, the PPI is expected to fall 7.9 percent to match November's contraction.
In Switzerland's producer and import price data, prices are seen sliding 0.3 percent on the month in December after a 0.9 percent drop in November.
US existing home sales are expected to hold at November's as-expected 3.82 million annual rate. Low inventory of homes for sales along with high prices and high interest rates have been constraining sales.
The University of Michigan consumer sentiment index for January is expected to slip back slightly to 69.2 after surging nearly 9 points to 69.7 in December. Year-ahead inflation expectations are expected to hold at 3.1 percent.
Canadian retail sales in November are expected to come in unchanged following a 0.7 percent rise in October, in a sign that the economy remains stagnant under the weight of high borrowing costs.
Among Fed talk, San Francisco Federal Reserve Bank President Mary Daly will appear in a live interview on Fox Business at 11:15 a.m. EST (1615 GMT). She will also participate in a fireside chat before the hybrid event on"A Future Outlook: Innovation & Economic Growth in San Diego" at 4:15 p.m. EST (2115 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will participate in discussion on"Bank Regulation" before the Responsible AI Symposium: Advancing a Blueprint for Tech Equity" hosted by the National Fair Housing Alliance at 1 p.m. EST (1800 GMT).
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.
