Tuesday is a big day for macro news, starting with Singapore merchandise trade, which is seen as a useful barometer of international trade given Singapore's traditional role as trade entrepot.

In Europe, there is the UK labour market report, German Ifo business climate survey, Italian merchandise trade, German ZEW view of economic conditions, and Eurozone merchandise trade.

In North America, it's Canadian CPI, and in the US: the two-day FOMC meeting gets under way, plus reports on retail sales, industrial production, business inventories, homebuilders index. Then in the afternoon, the US Treasury 20-year note auction and US Treasury buyback results. Whew!

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.