Markets are focusing again on Thursday on the latest twist in the trade war saga: China is pushing back on Trump administration comments suggesting progress in bilateral trade talks. There are currently no economic and trade negotiations between China and the United States, and any claims about progress in China-U.S. economic and trade negotiations are baseless rumors without factual evidence, a spokesman for China's Ministry of Commerce said. The spokesman called on the US to withdraw its"unilateral" tariffs. Meanwhile, reports have suggested the Trump administration is considering substantial cuts in the 145 percent tariff rate but cutting them in half would still leave tariffs at levels not conducive to trade.

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.