Highlights
Italian consumer prices are forecast to rise 0.4 percent on the month in September after a 0.2 percent rise in August.
In Germany, September's consensus is a year-over-year rise of 1.7 percent versus 1.9 percent in August and 2.3 percent in July. The consensus for the HICP is 1.9 percent versus 2.0 percent in the prior month that followed 2.6 percent in July.
The Chicago PMI is expected to tick down in September to 46.0 versus August's 46.1. This index has been in long and deep contraction.
The Dallas Fed general activity index is expected to edge deeper into contraction to minus 10 after August's minus 9.7.
Federal Reserve Board Governor Michelle Bowman will discuss the economic outlook and monetary policy before the Georgia Bankers Association President/CEO Conference at 8:50 a.m. EDT (1250 GMT).
Federal Reserve Chairman Jerome Powell will speak before the National Association for Business Economics 66th Annual Meeting,"Finding Harmony in the Noise: Transitioning to a New Normal" at 1 p.m. EDT (1700 GMT).
Japanese payrolls are expected to post their 25th straight rise on year in August amid widespread labor shortages. The unemployment rate is forecast at 2.7 percent, unchanged from July, when it unexpectedly worsened to the level from 2.5 percent in June but that was because a lot more people quit to look for better openings. Some project a slight improvement to 2.6 percent. In July, sharp gains in medical/welfare and academic/tech services led the employment gain. Manufacturers and transporters continued trimming jobs from year-earlier levels.
In its monthly economic report for September, the government continued to describe employment conditions as"showing signs of improvement." It maintained its overall economic assessment, saying the economy is recovering"moderately."
The Bank of Japan's quarterly Tankan business survey is forecast to show confidence among major manufacturers stagnated in the September quarter, hit by limping exports, particularly to China still reeling from its property market woes, and despite solid global demand for semiconductors. Non-manufacturers including restaurants, hotels and retailers continued suffering from chronic labor shortages, which have mitigated the uplifting effects of strong inbound spending.
The Tankan diffusion index showing sentiment among major manufacturers is forecast at 14, little changed from 13 in June. The index measuring sentiment among major non-manufacturers is seen at 32, down slightly from 33 the previous three months earlier.
Major firms are expected to project their plans for business investment in equipment would rise a combined 11.9 percent on the year in fiscal 2024 ending on March 31, 2025, maintaining the solid pace after jacking them up to a 11.1 percent increase in the June survey from a cautious 4.0 percent gain projected in March. Capex plans are generally supported by demand for automation amid labor shortages as well as government-led digital transformation and emission control.
Australian retail sales in August are expected to increase 0.2 percent on the month after July's disappointing flat reading.
In Germany, September's consensus is a year-over-year rise of 1.7 percent versus 1.9 percent in August and 2.3 percent in July. The consensus for the HICP is 1.9 percent versus 2.0 percent in the prior month that followed 2.6 percent in July.
The Chicago PMI is expected to tick down in September to 46.0 versus August's 46.1. This index has been in long and deep contraction.
The Dallas Fed general activity index is expected to edge deeper into contraction to minus 10 after August's minus 9.7.
Federal Reserve Board Governor Michelle Bowman will discuss the economic outlook and monetary policy before the Georgia Bankers Association President/CEO Conference at 8:50 a.m. EDT (1250 GMT).
Federal Reserve Chairman Jerome Powell will speak before the National Association for Business Economics 66th Annual Meeting,"Finding Harmony in the Noise: Transitioning to a New Normal" at 1 p.m. EDT (1700 GMT).
Japanese payrolls are expected to post their 25th straight rise on year in August amid widespread labor shortages. The unemployment rate is forecast at 2.7 percent, unchanged from July, when it unexpectedly worsened to the level from 2.5 percent in June but that was because a lot more people quit to look for better openings. Some project a slight improvement to 2.6 percent. In July, sharp gains in medical/welfare and academic/tech services led the employment gain. Manufacturers and transporters continued trimming jobs from year-earlier levels.
In its monthly economic report for September, the government continued to describe employment conditions as"showing signs of improvement." It maintained its overall economic assessment, saying the economy is recovering"moderately."
The Bank of Japan's quarterly Tankan business survey is forecast to show confidence among major manufacturers stagnated in the September quarter, hit by limping exports, particularly to China still reeling from its property market woes, and despite solid global demand for semiconductors. Non-manufacturers including restaurants, hotels and retailers continued suffering from chronic labor shortages, which have mitigated the uplifting effects of strong inbound spending.
The Tankan diffusion index showing sentiment among major manufacturers is forecast at 14, little changed from 13 in June. The index measuring sentiment among major non-manufacturers is seen at 32, down slightly from 33 the previous three months earlier.
Major firms are expected to project their plans for business investment in equipment would rise a combined 11.9 percent on the year in fiscal 2024 ending on March 31, 2025, maintaining the solid pace after jacking them up to a 11.1 percent increase in the June survey from a cautious 4.0 percent gain projected in March. Capex plans are generally supported by demand for automation amid labor shortages as well as government-led digital transformation and emission control.
Australian retail sales in August are expected to increase 0.2 percent on the month after July's disappointing flat reading.
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.
