China's merchandise trade report is the headliner for global markets Tuesday with expectations for a narrowing in the trade surplus reflecting weaker export growth.

Revised final German CPI figures are due with forecasters uniformly expecting no change from the preliminary 2.2 percent year on year headline figure.

In the US, the small business sentiment report is expected to show rising confidence as businesses appear more optimistic about the business and economic outlook.

Revised US productivity and costs data are expected to confirm the US continues to outperform other advanced industrial economies in productivity gains.

Finally, the US Treasury will sell $58 billion in 3-year notes to kick off a heavy week of coupon debt issuance.

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.