Germany's Ifo business climate index is expected to hold steady at 93.3 in April after improving for five months in a row. The current conditions index is forecast to be little changed at 95.3 versus 95.4 in March, with the business expectations index seen at 91.6, up from 91.2.

South Korean GDP is expected to rise 0.3 percent on the quarter in the January-March period, rebounding from a 0.4 percent drop in October-December, its first contraction in two and a half years caused by slowing global demand and rising costs. The year-over-year growth rate is seen slowing to 1.0 percent from 1.3 percent. At the early stage of the pandemic, the Korean GDP slumped 1.3 percent on quarter in the first three months of 2020 and 3.0 percent in the second quarter.

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.

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.