Highlights
The index of US leading economic indicators in January is expected to extend its long streak of decline, down 0.3 percent, following a slight 0.1 percent drop in December, which was the smallest decrease in more than a year.
Canada's consumer inflation is forecast to eased to 3.2 percent on year in January after accelerating to 3.4 percent in December from 3.1 percent in November. It would be still well above the Bank of Canada's 2 percent target as service prices, led by high shelter costs, remain elevated. On the month, the CPI is seen up 0.4 percent after a 0.3 percent dip.
Japanese export values are forecast to rise 11.5 percent on year in January after rebounding 9.7 percent to a record high in December, led by shipments of automobiles, parts and semiconductor-producing equipment. There is a downside risk posed by reduced electronic parts supply in the aftermath of a powerful earthquake and suspended vehicle output at the Toyota Motor group over a vehicle safety scandal. Import values are expected to slip 7.5 percent for a 10th straight drop amid lower energy prices after falling 6.9 percent. The trade balance is forecast to show a ¥1,923.4 billion (¥1.92 trillion) deficit after recording a revised ¥68.89 billion surplus, the first positive figure in three months. It would be much narrower than a record shortfall of ¥3,506.43 billion (¥3.51 trillion) hit in January 2023.
Australia's wage pressures are forecast to ease to a 0.9 percent increase on quarter in October-December after rising to 1.3 percent in July-September from 0.9 percent in April-June but their year-over-year increase is expected to accelerate slightly to 4.1 percent from 4.0 percent.
Canada's consumer inflation is forecast to eased to 3.2 percent on year in January after accelerating to 3.4 percent in December from 3.1 percent in November. It would be still well above the Bank of Canada's 2 percent target as service prices, led by high shelter costs, remain elevated. On the month, the CPI is seen up 0.4 percent after a 0.3 percent dip.
Japanese export values are forecast to rise 11.5 percent on year in January after rebounding 9.7 percent to a record high in December, led by shipments of automobiles, parts and semiconductor-producing equipment. There is a downside risk posed by reduced electronic parts supply in the aftermath of a powerful earthquake and suspended vehicle output at the Toyota Motor group over a vehicle safety scandal. Import values are expected to slip 7.5 percent for a 10th straight drop amid lower energy prices after falling 6.9 percent. The trade balance is forecast to show a ¥1,923.4 billion (¥1.92 trillion) deficit after recording a revised ¥68.89 billion surplus, the first positive figure in three months. It would be much narrower than a record shortfall of ¥3,506.43 billion (¥3.51 trillion) hit in January 2023.
Australia's wage pressures are forecast to ease to a 0.9 percent increase on quarter in October-December after rising to 1.3 percent in July-September from 0.9 percent in April-June but their year-over-year increase is expected to accelerate slightly to 4.1 percent from 4.0 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.
