Trade representatives from the US and China say have the two sides have agreed on the outlines of a trade deal, which could smooth the way to an actual trade pact when China's President Xi Jinping and President Trump meet on Thursday. On one sticking point, China appears willing to extend for a year its strict export controls on rare earths. Of course, the whole thing could blow up between now and Thursday or the leaders could leave matters unclear. For now, hopes are rising for some cooling in the trade war, and a delay, at least, in Trump's threat to impose another 100 percent tariff on Chinese goods.

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.