Highlights
The German GfK consumer climate index for November is expected to improve slightly to minus 20.5 after rising to a better-than-expected minus 21.2 in October from a revised minus 21.9 in September. In the last report, consumers were slightly more optimistic about their incomes but remained cautious amid the uncertain economic outlook.
Among the U.S. data, the advance trade report is expected to show the goods deficit widened to $95.8 billion in September from $94.3 billion in August.
Wholesale inventories are expected to rise 0.1% in September after a 0.2% gain in the prior month.
The Case-Shiller home price index is forecast to show the pace of increase slowed again to 5.2% on the year in August after declining to 5.9% in July from 6.5% in June.
The Federal Housing Finance Agency house price index is seen up just 0.1% on the month in August after rising at the same pace in July.
The Conference Board's consumer confidence index is expected to pick up to 99.1 in October from 98.7 in September but that would be still below 105.6 seen in August. In the last report, consumers were more pessimistic about future labor market conditions and less positive about future business conditions and income.
The Labor Department's JOLTS report is forecast to show job openings slipped to a 7.9 million rate in September from 8.0 million in August.
In Australia, the monthly CPI data is widely expected to show the inflation continued easing to 2.5% in September after moderating to 2.7% in August from 3.5% in July.
In the quarterly CPI data, consumer prices are forecast to rise 0.4% on quarter in the July-September period, also slowing from a 1.0% increase in April-June. From a year earlier, the CPI is seen up 3.0% vs. 3.8% in Q2.
Among the U.S. data, the advance trade report is expected to show the goods deficit widened to $95.8 billion in September from $94.3 billion in August.
Wholesale inventories are expected to rise 0.1% in September after a 0.2% gain in the prior month.
The Case-Shiller home price index is forecast to show the pace of increase slowed again to 5.2% on the year in August after declining to 5.9% in July from 6.5% in June.
The Federal Housing Finance Agency house price index is seen up just 0.1% on the month in August after rising at the same pace in July.
The Conference Board's consumer confidence index is expected to pick up to 99.1 in October from 98.7 in September but that would be still below 105.6 seen in August. In the last report, consumers were more pessimistic about future labor market conditions and less positive about future business conditions and income.
The Labor Department's JOLTS report is forecast to show job openings slipped to a 7.9 million rate in September from 8.0 million in August.
In Australia, the monthly CPI data is widely expected to show the inflation continued easing to 2.5% in September after moderating to 2.7% in August from 3.5% in July.
In the quarterly CPI data, consumer prices are forecast to rise 0.4% on quarter in the July-September period, also slowing from a 1.0% increase in April-June. From a year earlier, the CPI is seen up 3.0% vs. 3.8% in Q2.
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.
