Highlights
The UK monthly GDP data for March is expected to show the economy grew 0.2 percent on the month. Without any revisions, March would need to contract 1.1 percent to prevent positive first-quarter growth.
In the January-March quarter, the UK GDP is seen rising 0.4 percent on quarter after contracting 0.3 percent in the previous quarter. No change is expected for the annual reading versus fourth-quarter contraction of 0.2 percent.
In the UK, both manufacturing output and industrial production are expected to fall 0.5 percent on the month in March following a surprisingly robust February that saw manufacturing output up 1.1 percent and industrial production up 1.2 percent.
The UK merchandise trade deficit is seen deepening to £14.5 billion in March versus £14.21 billion in February.
In Canada, employment in April is expected to rise 16,300 versus March's unexpected 2,200 decline that, however, followed solid gains of 40,700 and 37.300 in the two prior months. April's unemployment rate is expected to edge higher to 6.2 percent from March's 6.1 percent which was 2 tenths higher than Econoday's consensus.
In the first indication for May, the University of Michigan's consumer sentiment index is expected to hold steady at 77.0 from April's lower-than-expected 77.2. Year-ahead inflation expectations are also expected to hold steady, at April's 3.2 percent level which was higher-than-expected.
Federal Reserve Board Governor Michelle Bowman will speak on"Financial Stability Risks: Resiliency and the Role of Regulators" before the Texas Bankers Association Annual Convention at 9 a.m. EDT (1300 GMT).
Dallas Federal Reserve Bank President Lorie Logan will participate in a moderated question-and-answer session before the Louisiana Bankers Association Annual Conference at 10 a.m. EDT (1400 GMT).
Also at 10 a.m. EDT (1400 GMT), Minneapolis Federal Reserve Bank President Neel Kashkari will participate in a question-and-answer session moderated by Rick King, chair of Minnesota's Technology Advisory Council (TAC).
Chicago Federal Reserve Bank President Austan Goolsbee will participate in a moderated question-and-answer session at an Economic Club of Minnesota luncheon at 12:45 p.m. EDT (1645 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will give a commencement speech before the American University School of Public Affairs Graduation ceremony at 1:30 p.m. EDT (1730 GMT).
China's annual consumer inflation rate is forecast to remain low at 0.2 percent in April after rising 0.1 in March. China's CPI last peaked in January last year at 2.1 percent.
The year-over-year decline in Chinese producer prices is seen 2.4 percent in April, decelerating from 2.8 percent in the prior month.
In the January-March quarter, the UK GDP is seen rising 0.4 percent on quarter after contracting 0.3 percent in the previous quarter. No change is expected for the annual reading versus fourth-quarter contraction of 0.2 percent.
In the UK, both manufacturing output and industrial production are expected to fall 0.5 percent on the month in March following a surprisingly robust February that saw manufacturing output up 1.1 percent and industrial production up 1.2 percent.
The UK merchandise trade deficit is seen deepening to £14.5 billion in March versus £14.21 billion in February.
In Canada, employment in April is expected to rise 16,300 versus March's unexpected 2,200 decline that, however, followed solid gains of 40,700 and 37.300 in the two prior months. April's unemployment rate is expected to edge higher to 6.2 percent from March's 6.1 percent which was 2 tenths higher than Econoday's consensus.
In the first indication for May, the University of Michigan's consumer sentiment index is expected to hold steady at 77.0 from April's lower-than-expected 77.2. Year-ahead inflation expectations are also expected to hold steady, at April's 3.2 percent level which was higher-than-expected.
Federal Reserve Board Governor Michelle Bowman will speak on"Financial Stability Risks: Resiliency and the Role of Regulators" before the Texas Bankers Association Annual Convention at 9 a.m. EDT (1300 GMT).
Dallas Federal Reserve Bank President Lorie Logan will participate in a moderated question-and-answer session before the Louisiana Bankers Association Annual Conference at 10 a.m. EDT (1400 GMT).
Also at 10 a.m. EDT (1400 GMT), Minneapolis Federal Reserve Bank President Neel Kashkari will participate in a question-and-answer session moderated by Rick King, chair of Minnesota's Technology Advisory Council (TAC).
Chicago Federal Reserve Bank President Austan Goolsbee will participate in a moderated question-and-answer session at an Economic Club of Minnesota luncheon at 12:45 p.m. EDT (1645 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will give a commencement speech before the American University School of Public Affairs Graduation ceremony at 1:30 p.m. EDT (1730 GMT).
China's annual consumer inflation rate is forecast to remain low at 0.2 percent in April after rising 0.1 in March. China's CPI last peaked in January last year at 2.1 percent.
The year-over-year decline in Chinese producer prices is seen 2.4 percent in April, decelerating from 2.8 percent in the prior 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.
