All eyes this week are on President Trump's announcement of reciprocal tariffs on Wednesday, what he calls Liberation Day, when he strikes back at all countries that have treated US exporters unfairly, as he sees it.

Trump has variously promised sweeping new tariffs on pretty much all US trading partners. These appear likely to be in addition to other tariffs already announced, not to mention whatever other tariffs the president chooses and announces, whenever. As for Wednesday's announcement, it's unclear when it will come, and it's possible it will be less dramatic than feared, given Trump's comments over the last week suggesting a more lenient stance. On the other hand, The Washington Post reported on Saturday the president was pressing his aides to go big, possibly to include a universal tariff on all imports. Markets, businesses and consumers are not dealing well with the uncertainty.

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.