Some interest in US pending home sales report due at 10 am ET to see if the rebound in new home sales reported last week is echoed in the pending home sales report. Housing activity seems to be getting a lift from lower mortgage rates. The Econoday consensus forecast looks for a relatively modest increase of 0.7 percent on the month for August.
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.
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