Equity markets appear very pleased with Sunday's news that the US and the European Union agreed to a framework deal enshrining 15 percent tariffs on most EU goods coming into the US. Attention now turns to US-China talks under way this week in Stockholm. Reports suggest the Aug. 12 deadline will slip for another 90 days.

Monday is a quiet day for macro news ahead of an extremely busy week for data plus the Federal Reserve announcement on Wednesday. The week ahead will see a heavy slate of quarterly corporate earnings reports including four of the Magnificent Seven starting with Meta and Microsoft on Wednesday.

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.