Highlights
Eurozone producer prices have been climbing out of deep contraction and are expected to improve to minus 2.5 percent on the year in July from minus 3.2 percent in June. The monthly showing, at a consensus gain of 0.3 percent in July, rose 0.5 percent in June.
Among US data, a deficit of $78.8 billion is expected in July for total goods and services trade, which would compare with a $73.1 billion deficit in June. Advance data on the goods side of July's report showed a stalling out for exports and a steep $6.1 billion rise in the deficit.
In Canada, July's trade balance is seen in surplus of C$0.9 billion versus June's surplus of C$0.6 billion and May's deficit of C$1.6 billion.
The Bank of Canada is expected to cut its policy by 25 basis points for a third meeting in a row, given easing inflation, at 2.5 percent in July, and despite respectable annualized second-quarter GDP growth of 2.1 percent.
US factory orders are expected to rise 4.6 percent in July versus June's 3.3 percent aircraft-driven decline. Durable goods orders for July, which have already been released and are one of two major components of this report, surged 9.9 percent on a rebound for commercial aircraft.
The US labor market has been cooling but job openings have been solid. July's consensus is 8.1 million versus 8.2 million in the two prior months.
US unit vehicle sales in August are expected to fall to a 15.4 million annualized rate from July's 15.8 million rate that compared with 15.2 million in June.
In Australia, consensus for international trade in goods in July is a surplus of A$5.0 billion versus June's A$5.6 billion surplus that compared with expectations for A$5.0 billion.
Among US data, a deficit of $78.8 billion is expected in July for total goods and services trade, which would compare with a $73.1 billion deficit in June. Advance data on the goods side of July's report showed a stalling out for exports and a steep $6.1 billion rise in the deficit.
In Canada, July's trade balance is seen in surplus of C$0.9 billion versus June's surplus of C$0.6 billion and May's deficit of C$1.6 billion.
The Bank of Canada is expected to cut its policy by 25 basis points for a third meeting in a row, given easing inflation, at 2.5 percent in July, and despite respectable annualized second-quarter GDP growth of 2.1 percent.
US factory orders are expected to rise 4.6 percent in July versus June's 3.3 percent aircraft-driven decline. Durable goods orders for July, which have already been released and are one of two major components of this report, surged 9.9 percent on a rebound for commercial aircraft.
The US labor market has been cooling but job openings have been solid. July's consensus is 8.1 million versus 8.2 million in the two prior months.
US unit vehicle sales in August are expected to fall to a 15.4 million annualized rate from July's 15.8 million rate that compared with 15.2 million in June.
In Australia, consensus for international trade in goods in July is a surplus of A$5.0 billion versus June's A$5.6 billion surplus that compared with expectations for A$5.0 billion.
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.
