German industrial production in November is expected to edge 0.1 percent higher on the month after a 0.1 percent decline in October. From a year earlier, it is seen falling 0.4 percent after a 0.2 percent gain.

In the Eurozone, the unemployment rate is expected to be unchanged at 6.5 percent in November.

US consumer credit is expected to increase $25.5 billion in November versus a $27.0 billion rise in October.

Atlanta Federal Reserve Bank President Raphael Bostic will participate in a moderated conversation on the economic outlook before the Rotary Club of Atlanta at 12:30 p.m. EST (1730 GMT).

Japan's real household spending is forecast to have posted a sixth straight year-over-year rise in November but the pace of increase likely slowed to 0.5 percent from 1.2 percent in October. On the month, average spending by households with two or more people is seen down 0.4 percent for the first drop in three months after rising 1.1 percent in October. The government's new travel discount program and eased Covid border control since early October continued supporting the tourism industry and some retailers, while surging prices for food, utilities and durable goods are reducing the purchasing power of many families.

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.