Highlights
Retail sales in Switzerland are forecast to be broadly stable, rising 2.6 percent on year in August after a 2.7 percent gain in July.
The Swiss SVME PMI is expected to lose some ground, easing to 48.2 in September after a surprisingly sharp bounce to 49.0 in August from 43.5 in July.
In the Eurozone inflation data, consensus for September's HICP flash yearly rate is 2.0 percent and 2.8 percent for the narrow core. These would compare respectively with August's 2.2 and 2.8 percent and July's 2.6 and 2.9 percent.
US manufacturing activity is expected to be in contraction for a sixth straight month in September on continued sluggish demand as firms remain reluctant to invest in capacity amid uncertainty over the pace of the Federal Reserve's unwinding of its tight monetary policy and the outcome of the presidential election next month.
The sector index compiled by the Institute for Supply Management, which indicates general direction, is forecast to rise just 0.4 percentage point to 47.6 after edging up 0.4 point to 47.2 in August. Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee, has said that even if the Federal Reserve lowered its policy interest rate in September, new orders were unlikely to pick up for several months.
US construction spending is expected to decline 0.3 percent in August, the same as in July.
The Labor Department's JOLTS report is expected to show job openings remain steady amid a cooling labor market. August's consensus is 7.7 million versus 7.7 million in July and 7.9 million in June.
Atlanta Federal Reserve Bank President Raphael Bostic will give welcome and opening remarks at the"Technology-Enabled Disruption: Implications of AI, Big Data, and Remote Work" conference organized by the Federal Reserve Banks of Atlanta, Boston and Richmond at 11 a.m. EDT (1400 GMT). He will also moderate a session with Federal Reserve Board Governor Lisa Cook at 11:10 a.m. EDT (1410 GMT).
The Swiss SVME PMI is expected to lose some ground, easing to 48.2 in September after a surprisingly sharp bounce to 49.0 in August from 43.5 in July.
In the Eurozone inflation data, consensus for September's HICP flash yearly rate is 2.0 percent and 2.8 percent for the narrow core. These would compare respectively with August's 2.2 and 2.8 percent and July's 2.6 and 2.9 percent.
US manufacturing activity is expected to be in contraction for a sixth straight month in September on continued sluggish demand as firms remain reluctant to invest in capacity amid uncertainty over the pace of the Federal Reserve's unwinding of its tight monetary policy and the outcome of the presidential election next month.
The sector index compiled by the Institute for Supply Management, which indicates general direction, is forecast to rise just 0.4 percentage point to 47.6 after edging up 0.4 point to 47.2 in August. Timothy Fiore, chair of the ISM Manufacturing Business Survey Committee, has said that even if the Federal Reserve lowered its policy interest rate in September, new orders were unlikely to pick up for several months.
US construction spending is expected to decline 0.3 percent in August, the same as in July.
The Labor Department's JOLTS report is expected to show job openings remain steady amid a cooling labor market. August's consensus is 7.7 million versus 7.7 million in July and 7.9 million in June.
Atlanta Federal Reserve Bank President Raphael Bostic will give welcome and opening remarks at the"Technology-Enabled Disruption: Implications of AI, Big Data, and Remote Work" conference organized by the Federal Reserve Banks of Atlanta, Boston and Richmond at 11 a.m. EDT (1400 GMT). He will also moderate a session with Federal Reserve Board Governor Lisa Cook at 11:10 a.m. EDT (1410 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.
