Highlights
Inflation in Switzerland is forecast to remain muted at 0.7% in November after easing to a more than three-year low of 0.6% in October from 0.8% in September, 1.1% in August and 1.3% in July. The slowdown in October was led by declines in transport (-2.7%), household goods and services (-2.0%) and clothing and footwear (-1.0%). Goods prices fell 1.3% on year while services costs rose 1.9%
In the U.S., the Labor Department's JOLTS report is expect to show job openings at a 7.490 million rate in October, up slightly from 7.443 million in September, as the job market remains remarkably resilient.
Total vehicle sales are seen flat at a 16.0 million unit rate in November from 16.0 million in October.
Federal Reserve Board Governor Adriana Kugler will speak on"Labor Market and Monetary Policy" before the Detroit Economic Club at 12:35 p.m. EST (1735 GMT).
Chicago Federal Reserve Bank President Austan Goolsbee will participate in a moderated keynote question-and-answer session on the Midwest economy and U.S. monetary policy before a Crains Power Lunch event at 1:30 p.m. EST (1830 GMT). He will also give closing remarks before the hybrid Midwest Agriculture Conference"The Changing Landscape for Agricultural Inputs" at 3:45 p.m. EST (2045 GMT).
In Australia, the economy is expected to have improved after an uninspired first half as government stimulus measures lift consumption. The consensus sees third quarter GDP growth at 0.5% on quarter, up from 0.2% in Q2, and a 1.0% rise on year after expanding at the same rate in the previous three-month period.
China's services sector activity measured by the S&P Global's purchasing managers index is forecast to show a further improvement to 52.4 in November after surging to 52.0 in October from 50.3 in September.
In the U.S., the Labor Department's JOLTS report is expect to show job openings at a 7.490 million rate in October, up slightly from 7.443 million in September, as the job market remains remarkably resilient.
Total vehicle sales are seen flat at a 16.0 million unit rate in November from 16.0 million in October.
Federal Reserve Board Governor Adriana Kugler will speak on"Labor Market and Monetary Policy" before the Detroit Economic Club at 12:35 p.m. EST (1735 GMT).
Chicago Federal Reserve Bank President Austan Goolsbee will participate in a moderated keynote question-and-answer session on the Midwest economy and U.S. monetary policy before a Crains Power Lunch event at 1:30 p.m. EST (1830 GMT). He will also give closing remarks before the hybrid Midwest Agriculture Conference"The Changing Landscape for Agricultural Inputs" at 3:45 p.m. EST (2045 GMT).
In Australia, the economy is expected to have improved after an uninspired first half as government stimulus measures lift consumption. The consensus sees third quarter GDP growth at 0.5% on quarter, up from 0.2% in Q2, and a 1.0% rise on year after expanding at the same rate in the previous three-month period.
China's services sector activity measured by the S&P Global's purchasing managers index is forecast to show a further improvement to 52.4 in November after surging to 52.0 in October from 50.3 in September.
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.
