Many parts of the world will be closed for Christmas holidays on Monday but some markets, including those in Japan and China, remain open.

The year-over-year decline in Taiwan's industrial production is expected to decelerate to minus 0.84 percent in November from minus 2.32 percent in October.

Japanese payrolls are expected to post their 16th straight rise on year in November as hospitals, hotels, restaurants and construction firms continued seeking workers amid widespread labor shortages while the unemployment rate is forecast at 2.5 percent, unchanged from October, when it fell from 2.6 percent in September for the second straight monthly improvement. The number of people who began looking for work plunged on the month in October as some of those who had joined the labor market, unemployed, in September appeared to have found a job.

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.