Highlights
On the thin calendar of US economic data releases still coming out: today's existing home sales report due at 10 am ET. The consensus looks for sales at a 4.06 million unit rate in September, up marginally from 4.00 million reported for August. Lower mortgage rates are seen helping a bit.
Meanwhile, the White House is teasing an announcement from President Trump at 3 pm ET. It's unclear whether it will be significant for markets, which have been focused on the US-China trade war and whether Trump and China's President Xi will meet next week in South Korea. Trump has swung between predicting a"fantastic" US-China trade deal and saying the talks may not happen at all.
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.