Macro news gets under way with China CPI and PPI reports, which are not expected to show much change in pricing conditions from a month ago despite the government's ongoing efforts to reflate the economy.

In Europe, German industrial production, German merchandise trade, Eurozone retail sales, and ECB policy meeting minutes are due.

In North America, the federal government and US stock market are shut for the funeral of former President Jimmy Carter, which means no official US economic indicators, apart from the private US Challenger monthly layoffs report. Bonds are trading until an early close at 2 PM ET.

The US event focus will be on a batch of appearances by Federal Reserve officials, including Patrick Harker, Susan Collins, Tom Barkin, Jeffrey Schmid and Michelle Bowman. US Treasury 4-week and 8-week bill sales are still on at 11:30 am ET, along with regular Treasury coupon buybacks.

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.