Highlights
In Singapore, industrial production is expected to rebound 4.9 percent on the month in February after falling 5.7 percent in January. The year-over-year increase is seen accelerating to 4.5 percent from 1.1 percent.
Germany's Gfk consumer climate index is expected to rise to minus 27.9 in April from a preliminary minus 29.0 in March, when it rose from an 11-month low of a revised 29.6 in February.
US durable goods orders are forecast to rise 1.3 percent on the month in February following a 6.2 percent drop in January that reflected a swing lower for aircraft. Excluding transportation, orders are seen up a solid 0.5 percent in February, with core capital goods, which were unchanged in January, expected to inch 0.1 percent higher.
The Case-Shiller home price index for the adjusted 20-city monthly rate is expected to rise 0.2 percent on the month in January to match December's as-expected 0.2 percent increase that lifted unadjusted annual growth from 5.4 to 6.1 percent, which was the strongest result in more than a year. January's consensus for the latter is 6.5 percent.
The Conference Board's confidence consumer confidence index is expected to come in unchanged in March at February's 106.7 level. February was far short of expectations for 115.0 and was down from a downwardly revised 110.9 in January. The decline in consumer confidence in February followed three months of increase, reflecting persistent uncertainty about the US economy.
Australia's inflation remains sticky. The CPI is seen up 3.5 percent on the year in February, up from a 3.4 percent gain in January. Last week, the Reserve Bank of Australia left its policy rate at 4.35 percent for a third straight meeting, as widely expected. The bank noted that inflation is easing but remains high. The board expects that it will be some time yet before inflation is sustainably in the target range (of 2 to 3 percent).
Germany's Gfk consumer climate index is expected to rise to minus 27.9 in April from a preliminary minus 29.0 in March, when it rose from an 11-month low of a revised 29.6 in February.
US durable goods orders are forecast to rise 1.3 percent on the month in February following a 6.2 percent drop in January that reflected a swing lower for aircraft. Excluding transportation, orders are seen up a solid 0.5 percent in February, with core capital goods, which were unchanged in January, expected to inch 0.1 percent higher.
The Case-Shiller home price index for the adjusted 20-city monthly rate is expected to rise 0.2 percent on the month in January to match December's as-expected 0.2 percent increase that lifted unadjusted annual growth from 5.4 to 6.1 percent, which was the strongest result in more than a year. January's consensus for the latter is 6.5 percent.
The Conference Board's confidence consumer confidence index is expected to come in unchanged in March at February's 106.7 level. February was far short of expectations for 115.0 and was down from a downwardly revised 110.9 in January. The decline in consumer confidence in February followed three months of increase, reflecting persistent uncertainty about the US economy.
Australia's inflation remains sticky. The CPI is seen up 3.5 percent on the year in February, up from a 3.4 percent gain in January. Last week, the Reserve Bank of Australia left its policy rate at 4.35 percent for a third straight meeting, as widely expected. The bank noted that inflation is easing but remains high. The board expects that it will be some time yet before inflation is sustainably in the target range (of 2 to 3 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.
