Highlights
Before the European and North American markets open, the Reserve Bank of Australia will announce its policy decision at 1430 AEST (0430 GMT/0030 EDT) Tuesday.
The Reserve Bank of Australia kept its policy rate steady at 4.35 percent at its August meeting, warning that inflation was high, and Governor Bullock told reporters that the board discussed raising rates but not cutting them. The RBA is expected to hold steady once again.
Germany's Ifo business climate index is expected to dip a further 0.5 point to 86.1 in September following August's steady reading of 86.6.
Among US data, the Case-Shiller home price index is forecast to show the unadjusted annual growth will slow to 5.9 percent In August versus July's percent 6.5 percent rate that was down from June's 6.9 percent.
The Federal Housing Finance Agency (FHFA) house price index is expected to edge down 0.1 percent on the month in July following the 0.1 percent contraction in June. Month-to-month readings in this report are tied to changes in mortgage rates which can be volatile.
The Conference Board's consumer confidence index in September is expected to edge down 0.3 points to the consensus forecast of 103.0 from 103.3 in August. US confidence has been flat and subdued. Consumers' assessments of the current labor situation continued to weaken, reflecting the recent increase in unemployment, the board said last month. Consumers were also a bit less positive about future income.
Federal Reserve Board Governor Michelle Bowman will speak on the economic outlook and monetary policy before the Kentucky Bankers Association Annual Convention at 9 a.m. (1300 GMT).
In Australia, consumer prices in August are expected to slow to a 2.9 percent year-over-year growth rate versus July's 3.5 percent rate which was down from June's 3.8 percent.
The Reserve Bank of Australia kept its policy rate steady at 4.35 percent at its August meeting, warning that inflation was high, and Governor Bullock told reporters that the board discussed raising rates but not cutting them. The RBA is expected to hold steady once again.
Germany's Ifo business climate index is expected to dip a further 0.5 point to 86.1 in September following August's steady reading of 86.6.
Among US data, the Case-Shiller home price index is forecast to show the unadjusted annual growth will slow to 5.9 percent In August versus July's percent 6.5 percent rate that was down from June's 6.9 percent.
The Federal Housing Finance Agency (FHFA) house price index is expected to edge down 0.1 percent on the month in July following the 0.1 percent contraction in June. Month-to-month readings in this report are tied to changes in mortgage rates which can be volatile.
The Conference Board's consumer confidence index in September is expected to edge down 0.3 points to the consensus forecast of 103.0 from 103.3 in August. US confidence has been flat and subdued. Consumers' assessments of the current labor situation continued to weaken, reflecting the recent increase in unemployment, the board said last month. Consumers were also a bit less positive about future income.
Federal Reserve Board Governor Michelle Bowman will speak on the economic outlook and monetary policy before the Kentucky Bankers Association Annual Convention at 9 a.m. (1300 GMT).
In Australia, consumer prices in August are expected to slow to a 2.9 percent year-over-year growth rate versus July's 3.5 percent rate which was down from June's 3.8 percent.
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.
