The US manufacturing purchasing managers report, due at 10 am ET, is the big item on today's calendar. Expectations look for the Institute for Supply Management index essentially unchanged at 48.7 for August after 48.0 in July. As any reading below 50 indicates contraction in business activity from the prior month, this would be another indication the sector is struggling headed into year end.

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.