Highlights
The Confederation of British Industry (CBI) distributive trades' headline sales balance is expected to rise from a lowly minus 44 percent in April to minus 40 percent in May.
The Case-Shiller home price index for the adjusted 20-city monthly rate is expected to rise 0.3 percent on the month in March, slowing from February's 0.6 percent increase. Unadjusted annual growth is seen at 7.4 percent versus March's 7.3 percent, which was well above expectations for 6.7 percent.
The Federal Housing Finance Agency (FHFA) house price index is expected to rise 0.5 percent on the month in March following a surprisingly strong 1.2 percent increase in February.
The Conference Board's consumer confidence index is expected to fall back in May, to a consensus 95.3, from 97.0 in April, which compared with expectations for 104.0 and March's downward revised 103.1. Consumer confidence has missed Econoday's consensus the past three reports.
The Dallas Fed manufacturing activity index is expected to extend its long contraction, at a consensus minus 14.4 in May versus minus 14.5 in April.
Cleveland Federal Reserve Bank President Loretta Mester will participate in a policy panel discussion on"The Effects of Conventional and Unconventional Policy Instruments" at the 2024 Bank of Japan - Institute for Monetary and Economic Studies Conference at 00:55 a.m. EDT (0455 GMT).
Minneapolis Federal Reserve Bank President Neel Kashkari will speak and participate in a panel before the Barclays-CEPR International Monetary Policy Forum at 9:55 a.m. EDT (1355 GMT).
Federal Reserve Board Governor Lisa Cook will participate in a discussion on"AI and the Economy" before the"AI-nomics: The Nexus of GenAI + the Economy" event hosted by the Federal Reserve Bank of San Francisco at 1:05 p.m. EDT (1705 GMT).
In Australia, the monthly CPI data for April is forecast to show the annual inflation rate eased slightly to 3.4 percent after rising to 3.5 percent in March from 3.4 percent in February, stabilizing since December just above the Reserve Bank of Australia's target range of 2.0 percent to 3.0 percent.
The Case-Shiller home price index for the adjusted 20-city monthly rate is expected to rise 0.3 percent on the month in March, slowing from February's 0.6 percent increase. Unadjusted annual growth is seen at 7.4 percent versus March's 7.3 percent, which was well above expectations for 6.7 percent.
The Federal Housing Finance Agency (FHFA) house price index is expected to rise 0.5 percent on the month in March following a surprisingly strong 1.2 percent increase in February.
The Conference Board's consumer confidence index is expected to fall back in May, to a consensus 95.3, from 97.0 in April, which compared with expectations for 104.0 and March's downward revised 103.1. Consumer confidence has missed Econoday's consensus the past three reports.
The Dallas Fed manufacturing activity index is expected to extend its long contraction, at a consensus minus 14.4 in May versus minus 14.5 in April.
Cleveland Federal Reserve Bank President Loretta Mester will participate in a policy panel discussion on"The Effects of Conventional and Unconventional Policy Instruments" at the 2024 Bank of Japan - Institute for Monetary and Economic Studies Conference at 00:55 a.m. EDT (0455 GMT).
Minneapolis Federal Reserve Bank President Neel Kashkari will speak and participate in a panel before the Barclays-CEPR International Monetary Policy Forum at 9:55 a.m. EDT (1355 GMT).
Federal Reserve Board Governor Lisa Cook will participate in a discussion on"AI and the Economy" before the"AI-nomics: The Nexus of GenAI + the Economy" event hosted by the Federal Reserve Bank of San Francisco at 1:05 p.m. EDT (1705 GMT).
In Australia, the monthly CPI data for April is forecast to show the annual inflation rate eased slightly to 3.4 percent after rising to 3.5 percent in March from 3.4 percent in February, stabilizing since December just above the Reserve Bank of Australia's target range of 2.0 percent to 3.0 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.
