Highlights
The French purchasing managers data for November is expected to show revisions to the composite and services indexes are unrevised from their initial readings of 44.8 and 45.7.
In the German November PMI data, the composite final and services final are also seen unrevised from the flash figures of 47.3 and 49.4.
In the Eurozone PMI for November, no revision are expected to be made to the composite and services preliminary readings of 48.1 and 49.2.
The UK November PMI composite final and services final are seen unrevised from the flash indexes at 49.9 and 50.0.
Producer prices in the Eurozone remain depressed, with their year-on-year decline for October forecast at 3.4%, unchanged from September. On the month, the PPI is seen up 0.3% on the month after falling 0.6%.
Among U.S. data, the ADP's November employment report is expected to show a moderate 165,000 increase in private payrolls on the month after rising 233,000 in October.
In the U.S. November PMI data, no revision is expected for the composite index at 55.3 and services at 57.0.
Factory orders are seen up 0.4% on the month in October vs. down 0.5% in September, with durable goods already reported up 0.2% on the month.
The services economy continues to outperform manufacturing. The sector PMI compiled by the Institute for Supply Management is forecast to indicate a fifth straight month of expansion in November but the index is seen slipping to 55.5 after rising to a robust 56.0 in October from 54.9 in September. More firms hired workers in October but the uptick was also caused by slower supply deliveries in the wake of powerful hurricanes while new orders eased after a surge.
Federal Reserve Chairman Jerome Powell will participate in a moderated discussion before the New York Times DealBook Summit at 1:45 p.m. EST (1845 GMT).
Australia's trade balance is expected at a relatively modest surplus of A$4.5 in October, narrowing slightly from A$4.609 billion in September.
In the German November PMI data, the composite final and services final are also seen unrevised from the flash figures of 47.3 and 49.4.
In the Eurozone PMI for November, no revision are expected to be made to the composite and services preliminary readings of 48.1 and 49.2.
The UK November PMI composite final and services final are seen unrevised from the flash indexes at 49.9 and 50.0.
Producer prices in the Eurozone remain depressed, with their year-on-year decline for October forecast at 3.4%, unchanged from September. On the month, the PPI is seen up 0.3% on the month after falling 0.6%.
Among U.S. data, the ADP's November employment report is expected to show a moderate 165,000 increase in private payrolls on the month after rising 233,000 in October.
In the U.S. November PMI data, no revision is expected for the composite index at 55.3 and services at 57.0.
Factory orders are seen up 0.4% on the month in October vs. down 0.5% in September, with durable goods already reported up 0.2% on the month.
The services economy continues to outperform manufacturing. The sector PMI compiled by the Institute for Supply Management is forecast to indicate a fifth straight month of expansion in November but the index is seen slipping to 55.5 after rising to a robust 56.0 in October from 54.9 in September. More firms hired workers in October but the uptick was also caused by slower supply deliveries in the wake of powerful hurricanes while new orders eased after a surge.
Federal Reserve Chairman Jerome Powell will participate in a moderated discussion before the New York Times DealBook Summit at 1:45 p.m. EST (1845 GMT).
Australia's trade balance is expected at a relatively modest surplus of A$4.5 in October, narrowing slightly from A$4.609 billion 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.
