The US markets are closed for the Memorial Day holiday. The focus for this week is on the US jobs data due Friday.

Japanese payrolls are expected to post their ninth straight year-over-year growth in April as the reopening of the economy has boosted demand for consumer spending on services, causing labor shortages at hotels and restaurants, while the unemployment rate is forecast to ease to 2.7 percent from 2.8 percent in March. More people quit their jobs to look for other openings in March, leading to higher unemployment, but some of them likely found work in April.

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.