The focus for this week is on employment data. The unemployment rate for December is expected to show a slight uptick with slower payrolls growth in both the US and Canada. Business activity among US manufacturers measured by the ISM is forecast to post a slight pickup in December after being flat in November but stayed in contraction for a 14th straight month while the services sector is seen little changed in growth territory for a 12th month in a row.

Markets are closed around the world on Monday for the New Year's holidays.

Singapore's GDP is forecast to show economic growth slowed to 0.7 percent on quarter in the October-December period from 1.4 percent in July-September. The year-over-year growth rate is seen accelerating to 1.9 percent from 1.1 percent.

China's S&P purchasing managers' index for the manufacturing sector is forecast at 50.3 in December, down slightly from 50.7 in November, when it rose more than a point and nearly a point-and-a-half higher than expected.

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.