Highlights
In the UK government finances data, net borrowing is expected to fall from £16.61 billion in September to £14.0 billion last month.
The French INSEE business climate indicator is forecast to show sentiment in the manufacturing sector posted a partial recovery to 95 in November after having fallen surprisingly sharply to 92 in October.
In the latest monthly survey by the Confederation of British Industry, the orders balance is seen improving further but by only 2 percentage points to minus 25% in November.
U.S. new jobless claims are expected to edge up to 219,000, closer to the four-week moving average of 227,250, following a lower-than-expected 217,000 in the prior week.
The Philadelphia Fed manufacturing index is forecast to slip to a still expansionary 7.0 in November in current conditions after surging to 10.3 in October from 1.7 in September.
U.S. home sales are expected to firm at a 3.9 million unit annual rate in October after declining marginally to 3.84 million in September from 3.88 million in August.
In the Eurozone, the consumer confidence is expected to see another improvement to minus 12.1 in October from minus 12.5 in September in a gradual pickup.
The U.S. index of leading economic indicators is forecast to fall 0.3% in October after marking a 0.5% drop in September.
Cleveland Federal Reserve Bank President Beth Hammack will give welcome remarks before the 2024 Financial Stability Conference: Emerging Risks in a Time of Interconnectedness and Innovation, hosted by the Cleveland Fed and the Office of Financial Research at 8:45 a.m. EST (1345 GMT). She will participate in a conversation at 12:30 p.m. EST (1730 GMT).
Chicago Federal Reserve Bank President Austan Goolsbee to participate in moderated question-and-answer session before the Central Indiana Corporate Partnership at 12:25 p.m. EST (1725 GMT).
Kansas City Federal Reserve Bank President Jeffrey Schmid will speak on Longer-term Considerations for Growth and Monetary Policy at a luncheon hosted by the Fairfax Industrial Association in Kansas City at 12:30 p.m. EST (1730 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will participate in the"Banks and Artificial Intelligence" discussion at the 2024 FinRegLab AI Symposium at 4:40 p.m. EST (2140 GMT).
Consumer inflation in Japan is expected to ease further to 2.2% in the core reading in October from 2.4% in September and 2.8% in August. The government's temporary revival of utility subsidies for suppliers is lowering electricity and natural gas bill payments from September until November. Ruling party officials are considering resuming a similar scheme early next year to help ease the pain of many households hit by high costs for necessities for more than two years in light of the pandemic-era global supply chain breakdown and Russia's war in Ukraine.
The year-on-year increase in the total CPI is forecast at 2.3%, also down from 2.5% in September. By contrast, underlying inflation measured by the core-core CPI (excluding fresh food and energy) is seen at 2.3%, up from 2.1% the previous month, as this series is unaffected by energy prices.
The French INSEE business climate indicator is forecast to show sentiment in the manufacturing sector posted a partial recovery to 95 in November after having fallen surprisingly sharply to 92 in October.
In the latest monthly survey by the Confederation of British Industry, the orders balance is seen improving further but by only 2 percentage points to minus 25% in November.
U.S. new jobless claims are expected to edge up to 219,000, closer to the four-week moving average of 227,250, following a lower-than-expected 217,000 in the prior week.
The Philadelphia Fed manufacturing index is forecast to slip to a still expansionary 7.0 in November in current conditions after surging to 10.3 in October from 1.7 in September.
U.S. home sales are expected to firm at a 3.9 million unit annual rate in October after declining marginally to 3.84 million in September from 3.88 million in August.
In the Eurozone, the consumer confidence is expected to see another improvement to minus 12.1 in October from minus 12.5 in September in a gradual pickup.
The U.S. index of leading economic indicators is forecast to fall 0.3% in October after marking a 0.5% drop in September.
Cleveland Federal Reserve Bank President Beth Hammack will give welcome remarks before the 2024 Financial Stability Conference: Emerging Risks in a Time of Interconnectedness and Innovation, hosted by the Cleveland Fed and the Office of Financial Research at 8:45 a.m. EST (1345 GMT). She will participate in a conversation at 12:30 p.m. EST (1730 GMT).
Chicago Federal Reserve Bank President Austan Goolsbee to participate in moderated question-and-answer session before the Central Indiana Corporate Partnership at 12:25 p.m. EST (1725 GMT).
Kansas City Federal Reserve Bank President Jeffrey Schmid will speak on Longer-term Considerations for Growth and Monetary Policy at a luncheon hosted by the Fairfax Industrial Association in Kansas City at 12:30 p.m. EST (1730 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will participate in the"Banks and Artificial Intelligence" discussion at the 2024 FinRegLab AI Symposium at 4:40 p.m. EST (2140 GMT).
Consumer inflation in Japan is expected to ease further to 2.2% in the core reading in October from 2.4% in September and 2.8% in August. The government's temporary revival of utility subsidies for suppliers is lowering electricity and natural gas bill payments from September until November. Ruling party officials are considering resuming a similar scheme early next year to help ease the pain of many households hit by high costs for necessities for more than two years in light of the pandemic-era global supply chain breakdown and Russia's war in Ukraine.
The year-on-year increase in the total CPI is forecast at 2.3%, also down from 2.5% in September. By contrast, underlying inflation measured by the core-core CPI (excluding fresh food and energy) is seen at 2.3%, up from 2.1% the previous month, as this series is unaffected by energy prices.
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.
