The strong likelihood of a disruptive and dispiriting government shutdown at midnight tonight remains in focus as Republicans and Democrats appear far apart on any sort of compromise to keep the government functioning. Financial markets are showing little concern so far, on the expectation a shutdown will not last long or do major damage.

One of the first notable effects in the world of Econoday will be the cancellation of the monthly employment report from the Bureau of Labor Statistics scheduled on Friday at 8:30 am ET. BLS announced it will shut down Tuesday night with much of the rest of the government if the shutdown occurs. It's also interesting to contemplate whether BLS in its current form will ever reopen if the Trump administration follows up on its threat to lay off significant parts of the federal workforce in the event of a shutdown. BLS already faces notable staffing shortages and has been obliged to scale back its survey data collection in ways that threaten its work.

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.