Among UK data, industrial production is expected to post a slight 0.2 percent rebound on the month in February following a 0.3 percent fall in January. Manufacturing output in February is expected to rise 0.3 percent after a 0.4 percent drop.

The merchandise trade deficit is seen holding steady at £17.8 billion in February versus a £17.86 billion deficit in January.

UK GDP in the month of February is expected to rise a further 0.2 percent versus 0.3 percent growth in January, which was stronger than expected.

Italy's industrial production in February is expected to rise 0.5 percent following January's sharper-than-expected 0.7 percent fall.

In the Eurozone, industrial production is forecast to show a 0.3 percent rise in February after climbing 0.7 percent in January. Consensus for the year-over-year rate is plus 1.2 percent, accelerating from a 0.9 percent increase.

US initial jobless claims for the April 8 week are expected to come in at 233,000 versus 228,000 in the prior week which was the first week reflecting a benchmark revision.

After edging 0.1 percent lower on the month in February, producer prices in March are expected to hold unchanged. The narrow measure excluding food and energy is seen up 0.3 percent versus February's no change.

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.