A big Japanese data batch starts off the macro news Friday: Tokyo CPI, Japanese unemployment, Japanese industrial production and Japanese retail sales.

The European calendar is bare. In the US, it's advance reports on international trade in goods, retail inventories, and wholesale inventories, plus weekly EIA oil and natural gas inventories, and finally, the weekly Baker Hughes oil and gas rig count.

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.