In Germany, the Gfk's consumer climate index, which has been gradually improving, is expected to rise to minus 29.9 in April's report versus minus 30.5 in March.

In the US, pending home sales in February are expected to rise 1.0 percent on top of January's 8.1 percent surge.

Federal Reserve Vice Chair for Supervision Michael Barr and Federal Deposit Insurance Corporation Chairman Martin Gruenberg are scheduled to testify before the House Financial Services Committee to discuss the recent failures of Silicon Valley Bank and Signature Bank at 10 a.m. EDT (1400 GMT).

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.