All eyes are on the monthly US employment report due at 8:30 am ET on Friday. After higher than expected weekly jobless claims and weaker than expected ADP employment figures for August were released on Thursday, expectations solidified for a Federal Reserve rate cut in mid-September, and the whisper number had payrolls up 50,000 in August. The Econoday consensus looks for nonfarm jobs up by 77,000, with the unemployment rate up to 4.3 percent from 4.2 percent in July. Of course, with the firing of the head of the Bureau of Labor Statistics, lots of observers wonder whether BLS data can be trusted.

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.