At 2:30 p.m. AEST Tuesday (0030 EDT/0430 GMT), the Reserve Bank of Australia will announce its policy decision. The bank is widely expected to leave its main policy rate, the cash rate, at 4.10% for a third straight meeting amid easing inflation. After standing pat last month, contrary to expectations for a 25-basis-point hike, the bank said inflation in Australia was declining but still too high at 6 percent, well above the bank's medium-term inflation target of between 2 and 3 percent.

No revisions are expected to the flash data for the purchasing managers' indexes for August in European economies: The composite output index at 46.6 and the services PMI at 46.7 in France; 44.7 and 47.3 in Germany; 47.0 and 48.3 in the Eurozone; and 47.9 and 48.7 in the UK.

In the US, factory orders are expected to fall 2.6 percent in July versus June's 2.3 percent rise. Durable goods orders for July, which have already been released and are one of two major components of this report, fell back 5.2 percent on the month.

Unit vehicle sales in August are expected to edge higher to a 15.6 million annual rate from 15.7 million in the prior two months.

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.