Highlights
In the UK monthly GDP data for July, the economy is expected to rise 0.1 percent versus no change in June, which was a tick short of expectations.
UK industrial production is expected to rise 0.2 percent in July after a surprisingly robust 0.8 percent gain in June. Manufacturing output, which in June jumped 1.1 percent, is also expected to rise 0.2 percent.
Britain's trade deficit is seen at £18.0 billion for July, a modest improvement on June's surprisingly large £18.89 billion shortfall.
In the US, overall consumer prices are expected to rise 0.2 percent in August that would match the as-expected 0.2 percent rise in July. Core prices also increased an as-expected 0.2 percent in July with August's consensus also at 0.2 percent. Annual rates, which in July were 2.9 percent overall and 3.2 percent for the core (both 1 tenth lower than June), are expected at 2.6 and 3.2 percent, respectively.
Producer inflation in Japan is expected to ease back to 2.8 percent in August after popping to 3.0 percent in July and staying sub-3.0 for 10 months. It reflects slowing energy and commodities markets, with the world worried about the drag from China's property market woes. On the month, the corporate goods price index (CGPI) is seen stable, up 0.1 percent, after a 0.3 percent rise.
UK industrial production is expected to rise 0.2 percent in July after a surprisingly robust 0.8 percent gain in June. Manufacturing output, which in June jumped 1.1 percent, is also expected to rise 0.2 percent.
Britain's trade deficit is seen at £18.0 billion for July, a modest improvement on June's surprisingly large £18.89 billion shortfall.
In the US, overall consumer prices are expected to rise 0.2 percent in August that would match the as-expected 0.2 percent rise in July. Core prices also increased an as-expected 0.2 percent in July with August's consensus also at 0.2 percent. Annual rates, which in July were 2.9 percent overall and 3.2 percent for the core (both 1 tenth lower than June), are expected at 2.6 and 3.2 percent, respectively.
Producer inflation in Japan is expected to ease back to 2.8 percent in August after popping to 3.0 percent in July and staying sub-3.0 for 10 months. It reflects slowing energy and commodities markets, with the world worried about the drag from China's property market woes. On the month, the corporate goods price index (CGPI) is seen stable, up 0.1 percent, after a 0.3 percent rise.
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.
