Highlights
India's WPI data due at 1:30 a.m. EST (0630 GMT) is expected to show wholesale prices for January rose 0.50 percent on year, easing from a lower-than-expected 0.73 percent rise in December but picking up from a 0.26 percent gain in November, which was the first year-over-year increase in eight months. The CPI data this week showed consumer inflation moderated to 5.10 percent in January after rising to 5.69 percent previously, moving closer to the mid-point of the Reserve Bank of India's target range of 2.0 percent to 6.0 percent.
In the UK, consumer prices are forecast to rise 4.2 percent on the year in January, rising from a higher-than-expected 4.0 percent increase in December. On the month, the CPI is seen falling 0.3 percent after rising 0.4 percent in December.
Producer prices in the UK are expected to fall 0.2 percent on the month in January following a 0.6 percent slide in December. Input costs are forecast to be flat after a 1.2 percent drop.
In the Eurozone, no revisions are expected to the preliminary GDP data for the October-December quarter, leaving a zero quarterly rate and a rise of just 0.1 percent on the year.
Industrial production in the region is seen falling a further 0.3 percent on the month in December after sliding at the same rate in November but positive base effects should boost annual growth from minus 6.8 percent to minus 4.1 percent.
Chicago Federal Reserve Bank President Austan Goolsbee will participate in a moderated question-and-answer session before the Council on Foreign Relations at 9:30 a.m. EST (1430 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will speak on"Monetary Policy and Bank Regulation" before the 40th Annual National Association for Business Economics (NABE) Economic Policy Conference at 4 p.m. EST (2100 GMT).
Japan's gross domestic product for the October-December quarter is expected to rebound a modest 0.4 percent on quarter, or an annualized 1.6 percent, after marking its first contraction in four quarters in July-September with a 0.7 percent (2.9 percent annualized) decline. Consumption is seen flat after falling in the previous two quarters amid elevated costs for daily necessities, business investment remains sluggish with a slight pickup and public works spending continues to drop. Net exports are set to rebound but mostly due to a one-off surge in services income. From a year earlier, the economy is forecast to have grown 1.9 percent in the fourth quarter for a 11th consecutive rise after a 1.5 percent rise previously.
Australia's employment is expected to increase 30,000 in January, recovering less than half an unexpected and sharp decline of 65,100 in December. The unemployment rate is seen edging up to 4.0 percent after being unchanged at 3.9 percent.
In the UK, consumer prices are forecast to rise 4.2 percent on the year in January, rising from a higher-than-expected 4.0 percent increase in December. On the month, the CPI is seen falling 0.3 percent after rising 0.4 percent in December.
Producer prices in the UK are expected to fall 0.2 percent on the month in January following a 0.6 percent slide in December. Input costs are forecast to be flat after a 1.2 percent drop.
In the Eurozone, no revisions are expected to the preliminary GDP data for the October-December quarter, leaving a zero quarterly rate and a rise of just 0.1 percent on the year.
Industrial production in the region is seen falling a further 0.3 percent on the month in December after sliding at the same rate in November but positive base effects should boost annual growth from minus 6.8 percent to minus 4.1 percent.
Chicago Federal Reserve Bank President Austan Goolsbee will participate in a moderated question-and-answer session before the Council on Foreign Relations at 9:30 a.m. EST (1430 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will speak on"Monetary Policy and Bank Regulation" before the 40th Annual National Association for Business Economics (NABE) Economic Policy Conference at 4 p.m. EST (2100 GMT).
Japan's gross domestic product for the October-December quarter is expected to rebound a modest 0.4 percent on quarter, or an annualized 1.6 percent, after marking its first contraction in four quarters in July-September with a 0.7 percent (2.9 percent annualized) decline. Consumption is seen flat after falling in the previous two quarters amid elevated costs for daily necessities, business investment remains sluggish with a slight pickup and public works spending continues to drop. Net exports are set to rebound but mostly due to a one-off surge in services income. From a year earlier, the economy is forecast to have grown 1.9 percent in the fourth quarter for a 11th consecutive rise after a 1.5 percent rise previously.
Australia's employment is expected to increase 30,000 in January, recovering less than half an unexpected and sharp decline of 65,100 in December. The unemployment rate is seen edging up to 4.0 percent after being unchanged at 3.9 percent.
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.
