US personal income and spending figures are the main event on the economic data docket Friday. The report, due at 8:30 am ET, is expected to show income up 0.3 percent and spending up 0.2 percent on the month. Core PCE prices, the Fed's favored inflation barometer, are seen up 0.1 percent on the month and 2.6 percent from a year ago.

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.