Highlights
In the US, new jobless claims have been steady and low and the April 13 week is expected to follow suit. A 215,000 increase is Econoday's consensus versus the prior week's 211,000.
The Philadelphia Fed manufacturing index is forecast at zero in April, down from 3.2 in March, which showed some growth and, for a second report in a row, was better than expected.
Existing home sales in March are expected to fall back to 4.18 million after February's jump from January's 3.92 million annualized rate to 4.38 million, which the National Association of Realtors said reflected pent-up demand.
The index of leading economic indicators emerged from two years unbroken decline, edging 0.1 percent higher in February. No change is the expectation for March.
Federal Reserve Board Governor Michelle Bowman will give opening remarks before the virtual 2024 New York Fed Regional and Community Banking Conference at 9:05 a.m. EDT (1305 GMT).
New York Federal Reserve Bank President John Williams will participate in a moderated discussion before the Semafor World Economy Summit at 9:15 a.m. EDT (1315 GMT).
Atlanta Federal Reserve Bank President Raphael Bostic will speak on the economic outlook in a moderated armchair chat before the Prosperity Partnership Fort Lauderdale Meeting at 11 a.m. EDT (1500 GMT).
Later at 5:45 p.m. EDT (2145 GMT), Bostic will also speak on the economic outlook, monetary policy and real estate in a moderated armchair chat at the University of Miami Herbert Business School.
Consumer inflation in Japan is expected to decelerate in two key measures in March as food supplier markups continued to ease, offsetting the upward pressure from a slower pace of decline in energy costs after the base effect of utility subsidies had waned.
The core CPI (excluding fresh food prices), closely watched by the Bank of Japan, is forecast to rise 2.6 percent on year after accelerating to 2.8 percent in February from a 22-month low of 2.0 percent in January. Underlying inflation measured by the core-core CPI (excluding fresh food and energy) is expected to moderate further to a 15-month low of 3.0 percent from 3.2 percent. By contrast, the year-over-year increase in the total CPI is forecast at a five-month high of 2.9 percent after rising to 2.8 percent in February from a 22-month low of 2.2 percent the previous month.
The Philadelphia Fed manufacturing index is forecast at zero in April, down from 3.2 in March, which showed some growth and, for a second report in a row, was better than expected.
Existing home sales in March are expected to fall back to 4.18 million after February's jump from January's 3.92 million annualized rate to 4.38 million, which the National Association of Realtors said reflected pent-up demand.
The index of leading economic indicators emerged from two years unbroken decline, edging 0.1 percent higher in February. No change is the expectation for March.
Federal Reserve Board Governor Michelle Bowman will give opening remarks before the virtual 2024 New York Fed Regional and Community Banking Conference at 9:05 a.m. EDT (1305 GMT).
New York Federal Reserve Bank President John Williams will participate in a moderated discussion before the Semafor World Economy Summit at 9:15 a.m. EDT (1315 GMT).
Atlanta Federal Reserve Bank President Raphael Bostic will speak on the economic outlook in a moderated armchair chat before the Prosperity Partnership Fort Lauderdale Meeting at 11 a.m. EDT (1500 GMT).
Later at 5:45 p.m. EDT (2145 GMT), Bostic will also speak on the economic outlook, monetary policy and real estate in a moderated armchair chat at the University of Miami Herbert Business School.
Consumer inflation in Japan is expected to decelerate in two key measures in March as food supplier markups continued to ease, offsetting the upward pressure from a slower pace of decline in energy costs after the base effect of utility subsidies had waned.
The core CPI (excluding fresh food prices), closely watched by the Bank of Japan, is forecast to rise 2.6 percent on year after accelerating to 2.8 percent in February from a 22-month low of 2.0 percent in January. Underlying inflation measured by the core-core CPI (excluding fresh food and energy) is expected to moderate further to a 15-month low of 3.0 percent from 3.2 percent. By contrast, the year-over-year increase in the total CPI is forecast at a five-month high of 2.9 percent after rising to 2.8 percent in February from a 22-month low of 2.2 percent the previous month.
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.
