In focus Monday: Eurozone HICP figures due at 11 am CET (5 am ET) are expected to show headline HICP at 2.3 percent on year with narrow core HICP at 2.6 percent.

In US news, the big item is the ISM manufacturing report where another month of marginal growth is the call with the ISM index barely positive at 50.5 versus 50.9 a month ago. Investors are watching this index closely for signs the recovery as the year got under way is coming unglued as tariffs and tariff threats begin.

Also in the US: St. Louis Fed President Alberto Musalem, a new and respected voice at the Fed, is scheduled to speak at 11:35 am ET on monetary policy at the NABE in Washington, D.C.

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.