Highlights
Before the European and US markets open, the Reserve Bank of India is expected to announce its monetary policy decision at 10 a.m. in Mumbai Thursday (0:30 a.m. EDT/0430 GMT). The RBI is expected to hold rates steady for a ninth straight meeting. The bank's Monetary Policy Committee decided in a 4-to-2 vote to leave its policy rate unchanged at 6.50 percent in June, compared to a 5-to-1 vote in April, showing two members now called for a rate cut by 25 basis points. Market expectations are that a rate cut may come in the October-December quarter.
Taiwan's trade surplus is forecast to widen to $6.51 billion in July after shrinking to $4.68 billion in June from $6.05 billion in May. The year-over-year increase in exports is expected to slow from a 23.5 percent surge in June while imports are seen moderating at a faster pace after a 33.9 percent jump.
In the US, new jobless claims for the August 3 week are expected to come in at 240,000 versus a much higher-than-expected 249,000 in the prior week.
The second estimate for June wholesale inventories is for a 0.2 percent build that would be unchanged from the first estimate.
Richmond Federal Reserve Bank President Thomas Barkin will speak before a National Association for Business Economics webinar at 3 p.m. EDT (1900 GMT).
China's consumer inflation annual rate is forecast to remain tame at 0.3 percent in July after a 0.2 percent rise in June, which was the fifth straight year-over-year increase following four months of decline. Producer prices are expected to continue falling, down 0.9 percent on year, after a 0.8 percent drop. The world's second largest economy is struggling to recover under the weight of its real-estate market problems.
Taiwan's trade surplus is forecast to widen to $6.51 billion in July after shrinking to $4.68 billion in June from $6.05 billion in May. The year-over-year increase in exports is expected to slow from a 23.5 percent surge in June while imports are seen moderating at a faster pace after a 33.9 percent jump.
In the US, new jobless claims for the August 3 week are expected to come in at 240,000 versus a much higher-than-expected 249,000 in the prior week.
The second estimate for June wholesale inventories is for a 0.2 percent build that would be unchanged from the first estimate.
Richmond Federal Reserve Bank President Thomas Barkin will speak before a National Association for Business Economics webinar at 3 p.m. EDT (1900 GMT).
China's consumer inflation annual rate is forecast to remain tame at 0.3 percent in July after a 0.2 percent rise in June, which was the fifth straight year-over-year increase following four months of decline. Producer prices are expected to continue falling, down 0.9 percent on year, after a 0.8 percent drop. The world's second largest economy is struggling to recover under the weight of its real-estate market problems.
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.
