The US-China trade truce generally matched expectations so it's seen as market-neutral. Ongoing focus on AI trade in US stocks after mixed quarterly results after close Wednesday from Alphabet (positive), Microsoft (neutral to positive), Meta (negative). All are spending big on AI rollout, which raises the bar. After another magnificent run to the upside, big tech stocks appear due to pull back.

Distinct market negative: Fed Chair Jerome Powell's warning to markets not to see a December rate cut as a done deal in his comments to reporters after Wednesday rate cut announcement. That has prompted scaling back in expectations for Fed cuts but December still seen more likely than not, at 69 percent in CBOE Fedwatch tool.

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.