Monday's calendar gets under way with official Chinese manufacturing and services PMI figures for January. These are expected to show little change from December with manufacturing flat at 50.1 and services at 52.1 versus 52.2.

In Europe, German Ifo business sentiment figures are in focus with business climate expected pretty steady at a depressed 84.6 in January versus 84.7 in December.

In the US, the top indicator is new home sales, with expectations centering on a 672,000 adjusted annual rate for January versus 664,000 in December. US Treasury auctions are also in focus in the week ahead with a heavy slate of coupon offerings, starting with 2-year and 5-year notes on Monday.

Later in the week, the major economic news will come on Wednesday with the FOMC policy decision, expected to leave rates on hold despite President Trump's demand for rate cuts. And on Friday, the PCE prices report, the Fed's favored inflation barometer.

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.