German CPI figures for December are due Monday. Forecasters expect an uptick to 2.4 percent year on year, up from 2.2 percent in November. They also look for a 0.3 percent rise on the month after a decline of 0.2 percent in November.

A batch of PMI composite and PMI services reports are due from China, India, France, Germany, Eurozone, UK, and the US.

In the US, Fed Governor Lisa Cook is scheduled to discuss financial stability and the economic outlook at the University of Michigan. US factory orders figures are also due.

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.