After a roller-coaster week of announcements and reversals on tariffs, markets will be riveted to see what President Trump comes up with next in the week ahead.

On Friday, Trump issued a new threat to impose huge tariffs on Canadian dairy and lumber products. That followed Thursday's announcement that the tariffs imposed on goods from Canada and Mexico would not include those covered by the United States-Mexico-Canada trade agreement, a significant share of the total.

Markets did not react favorably on Thursday to Trump's move to limit the scope of the tariffs as it appeared to underline their unpredictability. Stepped-up fees on imported Chinese goods have gone into effect, and the threat of an array of fees on goods from the European Union remains pending, as does Trump's threat to impose"reciprocal" tariffs on all US trade partners.

Thankfully, Monday will be a quiet day for scheduled economic news, with Germany's industrial production and merchandise trade reports the top items of interest. Both are due for release at 8 am CET (3 am ET) Monday.

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.