Consumer inflation in France is expected to tick up to an annual rate of 3.7 percent in December from 3.5 percent in November.

In Germany, December's consensus for the CPI is a monthly rise of 0.2 percent and a year-over-year gain of 3.8 percent versus November's lower-than-expected minus 0.4 percent monthly figure and 3.2 year-over-year rise.

Forecaster see ADP's December employment number at 115,000. This would compare with November growth in private payrolls reported by the Bureau of Labor Statistics of 150,000. ADP's number for November was a rise of 103,000.

New jobless claims for the December 30 week are expected to come in at 217,500 versus 218,000 in the prior week.

For the US composite PMI December final, the consensus calls for no change from the 51.0 flash. The composite ended November at 50.7. For the services PMI December final, the consensus also sees no change at 51.3 from the mid-month flash of 51.3. This index ended November at 50.8.

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.