Highlights
Switzerland's unemployment rate is forecast to be unchanged at a seasonally adjusted 2.6% in October.
Industrial production in France is expected to fall 0.7% on the month in September, unwinding half of August's surprisingly strong 1.4% gain.
In the UK purchasing managers' index data, no change from the flash is expected for the composite at 51.7 and for services at 51.8.
Canada's September trade balance is forecast to post a deficit of C$0.5 billion, narrowing from August's C$1.1 billion deficit. The recent shortfall comes from sluggish exports and rising import costs amid the deprecation of the Canadian dollar.
By contrast, the U.S. trade deficit is expected to widen notably to $83.9 billion in September from $70.4 billion in August.
Business activity in the U.S. services sector is forecast to have taken a breather in October, with the index compiled by the Institute for Supply Management sliding to 53.5 after accelerating to a much higher-than-expected 54.9 in September from 51.5 in August for a third consecutive month of expansion thanks to stronger production and new orders. Employment slowed but remained stable and inflationary pressures moderated in the September ISM report.
In New Zealand, the unemployment rate is forecast to have risen to 5.0% in the July-September quarter from 4.6% in April-June. Slow growth in employment is seen turning to actual losses in Q3, with the employment index down 0.5% after rising 0.4% in Q2. Employment cost increases are slowing, too, with the cost index seen up 0.7% on the quarter, down from 0.9% in Q2.
Industrial production in France is expected to fall 0.7% on the month in September, unwinding half of August's surprisingly strong 1.4% gain.
In the UK purchasing managers' index data, no change from the flash is expected for the composite at 51.7 and for services at 51.8.
Canada's September trade balance is forecast to post a deficit of C$0.5 billion, narrowing from August's C$1.1 billion deficit. The recent shortfall comes from sluggish exports and rising import costs amid the deprecation of the Canadian dollar.
By contrast, the U.S. trade deficit is expected to widen notably to $83.9 billion in September from $70.4 billion in August.
Business activity in the U.S. services sector is forecast to have taken a breather in October, with the index compiled by the Institute for Supply Management sliding to 53.5 after accelerating to a much higher-than-expected 54.9 in September from 51.5 in August for a third consecutive month of expansion thanks to stronger production and new orders. Employment slowed but remained stable and inflationary pressures moderated in the September ISM report.
In New Zealand, the unemployment rate is forecast to have risen to 5.0% in the July-September quarter from 4.6% in April-June. Slow growth in employment is seen turning to actual losses in Q3, with the employment index down 0.5% after rising 0.4% in Q2. Employment cost increases are slowing, too, with the cost index seen up 0.7% on the quarter, down from 0.9% 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.
