Highlights
The second day of the three-day annual Jackson Hole, Wyoming, economic symposium on"Reassessing the Effectiveness and Transmission of Monetary Policy."
In Singapore, consumer prices in July are expected to rise to 2.6 percent versus June's lower-than-expected 2.4 percent rate.
The French INSEE sentiment on the manufacturing sector is expected to partially recover to 96 in August, after falling a steep 4 points in July to 95, a level not seen since December 2020.
In Taiwan, the year-over-year increase in industrial production is forecast to continue slowing to around 12.20 percent in July after moderating to 13.23 percent in June from a downwardly revised 15.73 percent in May.
Canadian retail sales in June are expected to fall 0.3 percent on the month after falling 0.8 percent in May. Households have trimmed discretionary spending to cope with elevated costs for daily necessities and for mortgage/car loan payments. The Bank of Canada conducted a back-to-back 25 basis point cut in the policy rate in July and it is likely to continue unwinding the rapid rate hikes that took place from March 2022 to July 2023.
US new home sales in July are expected to rise from June's annual rate of 617,000 to 631,000. Sales have substantially missed Econoday's consensus the last three reports, coming in below the consensus range in each report.
Federal Reserve Chairman Jerome Powell will speak on the economic outlook before the 2024 Jackson Hole Economic Policy Symposium at 10 a.m. EDT.
In Singapore, consumer prices in July are expected to rise to 2.6 percent versus June's lower-than-expected 2.4 percent rate.
The French INSEE sentiment on the manufacturing sector is expected to partially recover to 96 in August, after falling a steep 4 points in July to 95, a level not seen since December 2020.
In Taiwan, the year-over-year increase in industrial production is forecast to continue slowing to around 12.20 percent in July after moderating to 13.23 percent in June from a downwardly revised 15.73 percent in May.
Canadian retail sales in June are expected to fall 0.3 percent on the month after falling 0.8 percent in May. Households have trimmed discretionary spending to cope with elevated costs for daily necessities and for mortgage/car loan payments. The Bank of Canada conducted a back-to-back 25 basis point cut in the policy rate in July and it is likely to continue unwinding the rapid rate hikes that took place from March 2022 to July 2023.
US new home sales in July are expected to rise from June's annual rate of 617,000 to 631,000. Sales have substantially missed Econoday's consensus the last three reports, coming in below the consensus range in each report.
Federal Reserve Chairman Jerome Powell will speak on the economic outlook before the 2024 Jackson Hole Economic Policy Symposium at 10 a.m. EDT.
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.
