The US consumer price index report is the day's main event, due at 8:30 am ET. Expectations call for increases of 0.3 percent for both total and core CPI in November from October, suggesting inflation remains sticky.

The Bank of Canada is scheduled to announce its latest monetary policy decision at 9:45 am ET. Expectations call for a jumbo 50 basis point rate cut to bolster the sagging economy. BOC Governor Tiff Macklem is due to meet reporters at 10:30 am ET.

Later, Australia's November employment report is due at 19:30 ET with the consensus looking for jobs up 25,000 on the month and the unemployment rate ticking up to 4.2 percent from 4.1 percent.

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.