The second scheduled day of US-China trade talks in London remains the focus on Tuesday. Markets appear hopeful the meetings will yield better trade relations. Talks reportedly focus on US need for Chinese rare earths and Chinese desire for access to US technology.

Separately, the US Treasury auction of 3-year notes at 13:00 ET will attract extra attention as an indication of investor demand ahead of the trickier 10-year and 30-year note sales on Wednesday and Thursday. With the July 9 deadline for the scheduled end to the Trump administration's pause on reciprocal tariffs nearing and only a tentative UK trade deal done, how much risk will buyers take at current yield levels?

The dollar appears relatively stable for now but poor auction results would revive the narrative that foreign investors continue to scale back exposure to dollar assets as confidence in the US global position, fiscal management and governance erodes. Investors assessing US stability have a new focus of concern as President Trump sends military assets to put down street protests in Los Angeles.

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.