Highlights
Consumer inflation in Singapore is forecast to ease to 2.2 percent in August from 2.4 percent in July.
In the German purchasing managers' index (PMI) data for September, the manufacturing sector is expected stay below the neutral line of 50, forecast at 42.0, down slightly from 42.4 in August. The services index is seen at 51.0, also just below the prior month's 51.1. Consensus for September's composite is 48.3, little changed from 48.4.
In the Eurozone, the composite is expected to fall 0.4 points to 50.6 in September versus 51.0 in August. Strength in services lifted August's composite, rising 1 full point to 52.9 with September seen at 52.5. Manufacturing in September is expected to weaken further to 45.5 versus a very weak score of 45.8 score in each of the prior three months.
As for the UK PMI data, manufacturing, up 4 tenths to 52.5 in August, has held over the 50 line the last four reports with September seen at 52.5 again. Services, climbing 1.2 points in August to 53.7, has held over 50 the last 10 reports, with September's consensus at 53.5. The composite is expected to fall to 53.3 from 53.8.
The Chicago Fed national activity index is expected to rise to 0.0 in August versus minus 0.34 in a July report that saw three of four components in the negative column, including production that was likely hit by Hurricane Beryl.
In other US data, September's consensus for manufacturing is up 0.6 points at 48.5 versus August's 47.9 which was down 1.7 points from July and down 3.7 points from June. Services, in contrast, rose 7 tenths in August to a very solid 55.7 with the consensus for September at 55.2. Composite is seen at 53.0, down from 54.6 in August.
Atlanta Federal Reserve Bank President Raphael Bostic will speak virtually on the economic outlook before the Distinguished Speakers Seminar convened by the European Economics and Financial Centre at the University of London at 8 a.m. (1200 GMT).
Chicago Federal Reserve Bank President Austan Goolsbee to participate in fireside chat on monetary policy and the U.S. economy before the National Association of State Treasurers Annual Conference at 10:15 a.m. (1415 GMT).
Minneapolis Federal Reserve Bank President Neel Kashkari to participate in moderated question-and-answer session before the Greater Kansas City Chamber of Commerce Leadership Exchange 2024 at 1 p.m. (1700 GMT).
In the German purchasing managers' index (PMI) data for September, the manufacturing sector is expected stay below the neutral line of 50, forecast at 42.0, down slightly from 42.4 in August. The services index is seen at 51.0, also just below the prior month's 51.1. Consensus for September's composite is 48.3, little changed from 48.4.
In the Eurozone, the composite is expected to fall 0.4 points to 50.6 in September versus 51.0 in August. Strength in services lifted August's composite, rising 1 full point to 52.9 with September seen at 52.5. Manufacturing in September is expected to weaken further to 45.5 versus a very weak score of 45.8 score in each of the prior three months.
As for the UK PMI data, manufacturing, up 4 tenths to 52.5 in August, has held over the 50 line the last four reports with September seen at 52.5 again. Services, climbing 1.2 points in August to 53.7, has held over 50 the last 10 reports, with September's consensus at 53.5. The composite is expected to fall to 53.3 from 53.8.
The Chicago Fed national activity index is expected to rise to 0.0 in August versus minus 0.34 in a July report that saw three of four components in the negative column, including production that was likely hit by Hurricane Beryl.
In other US data, September's consensus for manufacturing is up 0.6 points at 48.5 versus August's 47.9 which was down 1.7 points from July and down 3.7 points from June. Services, in contrast, rose 7 tenths in August to a very solid 55.7 with the consensus for September at 55.2. Composite is seen at 53.0, down from 54.6 in August.
Atlanta Federal Reserve Bank President Raphael Bostic will speak virtually on the economic outlook before the Distinguished Speakers Seminar convened by the European Economics and Financial Centre at the University of London at 8 a.m. (1200 GMT).
Chicago Federal Reserve Bank President Austan Goolsbee to participate in fireside chat on monetary policy and the U.S. economy before the National Association of State Treasurers Annual Conference at 10:15 a.m. (1415 GMT).
Minneapolis Federal Reserve Bank President Neel Kashkari to participate in moderated question-and-answer session before the Greater Kansas City Chamber of Commerce Leadership Exchange 2024 at 1 p.m. (1700 GMT).
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.
