Highlights
German retail sales are expected to post their first month-on-month drop in three months in October, down 0.5%, after rising 12.2% in September.
In France, inflation remains relatively tame. The consumer price index is seen 0.1% higher on the month, lifting the yearly inflation rate to 1.5% from October's final 1.2%.
Consumer spending on manufactured goods in France is expected to edge up just 0.1% on the month in October after being flat in September.
In the French third quarter GDP data, no revisions are expected to the provisional growth estimate of 0.4% on quarter and 1.3% on year, which is up from +0.2% q/q and +1.0% y/y in April-June.
The final reading of Switzerland's July-September GDP growth is also seen unrevised at 0.2% on quarter. Growth in the service sector was partially offset by a contraction in industry.
KOF Swiss leading indicators are expected to show the headline index rose to 100.0 in November from October's 99.5, matching its long-run average.
Germany's unemployment rate is forecast at 6.2% in November, up from 6.1% in October. Germany barely avoided recession over the summer but forecasters are gloomy about the fall.
In the Eurozone, base effects are expected to lift the regional headline inflation. The harmonised index of consumer prices is up 2.3% on year and narrow core up 2.8% in November, accelerating from 2.0% and 2.7% the previous month.
In Canada's monthly GDP data, the economy is seen up 0.2% on the month, below the 0.3% advance estimate from Statistics Canada.
In the July-September quarter, Canada's GDP growth is expected to have lost some steam, growing at an annualized 1.0%. That would be below the 1.5% predicted by the Bank of Canada and way down from 2.1% in April-June, but given fiscal stimulus and a resilient housing market, the central bank is expected to lower its policy interest rate by 25 basis points at its next meeting on Dec. 11, instead of a larger 50 basis points. The bank trimmed the rate by 50 basis points to 3.75% in October to help ease the pain of its earlier rapid credit tightening after conducting three 25-basis point cuts since June, when it delivered its first rate cut in more than four years.
China's manufacturing PMI is expected to tick up to 50.4 in November from 50.1 a month earlier.
In France, inflation remains relatively tame. The consumer price index is seen 0.1% higher on the month, lifting the yearly inflation rate to 1.5% from October's final 1.2%.
Consumer spending on manufactured goods in France is expected to edge up just 0.1% on the month in October after being flat in September.
In the French third quarter GDP data, no revisions are expected to the provisional growth estimate of 0.4% on quarter and 1.3% on year, which is up from +0.2% q/q and +1.0% y/y in April-June.
The final reading of Switzerland's July-September GDP growth is also seen unrevised at 0.2% on quarter. Growth in the service sector was partially offset by a contraction in industry.
KOF Swiss leading indicators are expected to show the headline index rose to 100.0 in November from October's 99.5, matching its long-run average.
Germany's unemployment rate is forecast at 6.2% in November, up from 6.1% in October. Germany barely avoided recession over the summer but forecasters are gloomy about the fall.
In the Eurozone, base effects are expected to lift the regional headline inflation. The harmonised index of consumer prices is up 2.3% on year and narrow core up 2.8% in November, accelerating from 2.0% and 2.7% the previous month.
In Canada's monthly GDP data, the economy is seen up 0.2% on the month, below the 0.3% advance estimate from Statistics Canada.
In the July-September quarter, Canada's GDP growth is expected to have lost some steam, growing at an annualized 1.0%. That would be below the 1.5% predicted by the Bank of Canada and way down from 2.1% in April-June, but given fiscal stimulus and a resilient housing market, the central bank is expected to lower its policy interest rate by 25 basis points at its next meeting on Dec. 11, instead of a larger 50 basis points. The bank trimmed the rate by 50 basis points to 3.75% in October to help ease the pain of its earlier rapid credit tightening after conducting three 25-basis point cuts since June, when it delivered its first rate cut in more than four years.
China's manufacturing PMI is expected to tick up to 50.4 in November from 50.1 a month earlier.
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.
