Highlights
German business sentiment is unlikely to improve much in the October report after worsening for the fifth consecutive month in September. The Ifo business climate indicator is forecast to edge up to 85.7 in October after deteriorating to an eight-month low of 85.4 in September from 86.6 in August. The current conditions index is estimated at 84.3, just under 84.4 seen in September, when it slumped from 86.5 the previous month, while the business expectations index is expected to rise slightly to 86.7 after sliding to 86.3 in September from 86.8 in August.
In the Eurozone, the average annual broad money supply growth in the July-September quarter is expected to accelerate further to 2.7% after rising to 2.5% in the June-August period from 2.0% in May-July.
Canada's retail sales for August are expected to increase 0.5% on the month, slowing from July's 0.9% increase.
In the U.S., new orders for durable goods are expected to fall 0.5% on the month in September after showing no growth in August. Excluding transportation, new orders are expected to fall 0.1% following August's 0.5% increase.
The University of Michigan consumer sentiment index is expected to reach 69.0, a slight uptick from September's 68.9. One-year inflation expectations are seen flat at 2.9%.
Boston Federal Reserve Bank President Susan Collins will participate in a fireside chat on the Boston Fed's portfolio of work, supporting the Fed's Congressional mandates, and how various sectors private, public, philanthropic, educational, and nonprofit can collaborate to enhance economic vitality before the Black Economic Council of Massachusetts Black Expo at 11 a.m. EDT (1500 GMT).
In the Eurozone, the average annual broad money supply growth in the July-September quarter is expected to accelerate further to 2.7% after rising to 2.5% in the June-August period from 2.0% in May-July.
Canada's retail sales for August are expected to increase 0.5% on the month, slowing from July's 0.9% increase.
In the U.S., new orders for durable goods are expected to fall 0.5% on the month in September after showing no growth in August. Excluding transportation, new orders are expected to fall 0.1% following August's 0.5% increase.
The University of Michigan consumer sentiment index is expected to reach 69.0, a slight uptick from September's 68.9. One-year inflation expectations are seen flat at 2.9%.
Boston Federal Reserve Bank President Susan Collins will participate in a fireside chat on the Boston Fed's portfolio of work, supporting the Fed's Congressional mandates, and how various sectors private, public, philanthropic, educational, and nonprofit can collaborate to enhance economic vitality before the Black Economic Council of Massachusetts Black Expo at 11 a.m. EDT (1500 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.
