The US Labor Department's monthly jobs report due at 8:30 am ET is in focus. After the surprising drop of 33K in the ADP private payrolls report, the market sees a risk of a downside surprise in nonfarm payrolls. The Econoday consensus expectation looks for +110K, down only marginally from 115K before the ADP. The market whisper number is 96K and seems to be trending lower as the minutes tick down to release time. Meanwhile, expectations call for the unemployment rate to rise marginally to 4.3 percent from 4.2 percent.

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.