Highlights
Switzerland's unemployment rate is expected to tick up to 2.7% in November from 2.6% in October.
German manufacturing orders are seen falling 2.0% on the month in October after rising 4.2% in September.
French industrial production is expected to rise a modest 0.3% on the month in October after marking a surprisingly steep 0.9% drop in September.
In the Eurozone, retail sales are forecast to show no growth on the month in October following a 0.5% gain in September. The year-on-year increase in sales is seen decelerating to 2.2% from 2.9%.
Canada's trade deficit is estimated to have narrowed to just C$650 million in October from C$1.3 million the previous month.
The U.S. trade deficit is also expected to shrink to $75.4 billion in October from $84.4 billion in September.
New jobless claims are expected to have ticked up to 215,000 in the week that ended on Nov. 30, inching toward their four-week moving average of 217,000, after slipping to 213,000 the previous week. This reflects resilient labor market conditions that are supporting consumer spending.
Richmond Federal Reserve Bank President Thomas Barkin will speak before an in-person Charlotte Regional Business Alliance 2024 Economic Outlook event at 12:15 p.m. EST (1715 GMT).
Japan's real household spending is forecast to dive 2.6 % on year in October after falling 1.1% in September as the heat wave lingered well into the middle of the fall, dampening demand for autumn/winter clothing and other seasonal goods, and thus causing the national average sales of 70 department store chains to suffer its first year-on-year decline in nearly three years. Consumers remain frugal amid high costs for necessities and sluggish real wages.
On the month, real average expenditures by households with two or more people are expected to edge up 0.3% after slumping 1.3% in September and rebounding a higher-than-forecast 2.0% in August. This indicator, which is based on a relatively small sample, tends to fluctuate sharply from month to month, with economist forecasts ranging widely from a 0.9% drop to a 1.7% rise for October.
German manufacturing orders are seen falling 2.0% on the month in October after rising 4.2% in September.
French industrial production is expected to rise a modest 0.3% on the month in October after marking a surprisingly steep 0.9% drop in September.
In the Eurozone, retail sales are forecast to show no growth on the month in October following a 0.5% gain in September. The year-on-year increase in sales is seen decelerating to 2.2% from 2.9%.
Canada's trade deficit is estimated to have narrowed to just C$650 million in October from C$1.3 million the previous month.
The U.S. trade deficit is also expected to shrink to $75.4 billion in October from $84.4 billion in September.
New jobless claims are expected to have ticked up to 215,000 in the week that ended on Nov. 30, inching toward their four-week moving average of 217,000, after slipping to 213,000 the previous week. This reflects resilient labor market conditions that are supporting consumer spending.
Richmond Federal Reserve Bank President Thomas Barkin will speak before an in-person Charlotte Regional Business Alliance 2024 Economic Outlook event at 12:15 p.m. EST (1715 GMT).
Japan's real household spending is forecast to dive 2.6 % on year in October after falling 1.1% in September as the heat wave lingered well into the middle of the fall, dampening demand for autumn/winter clothing and other seasonal goods, and thus causing the national average sales of 70 department store chains to suffer its first year-on-year decline in nearly three years. Consumers remain frugal amid high costs for necessities and sluggish real wages.
On the month, real average expenditures by households with two or more people are expected to edge up 0.3% after slumping 1.3% in September and rebounding a higher-than-forecast 2.0% in August. This indicator, which is based on a relatively small sample, tends to fluctuate sharply from month to month, with economist forecasts ranging widely from a 0.9% drop to a 1.7% rise for October.
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.
