The UK's ILO unemployment rate for the three months to February is expected to hold steady at 3.7 percent while average earnings are expected to slow from a 5.7 annual rate to 5.1 percent.

The ZEW monthly survey of financial experts in Germany is expected to show the index for the current economic conditions improved to minus 38.8 in April after falling to a lower-than-expected minus 46.5 in March from minus 45.1 in February. The economic sentiment (expectations) index is also seen rising 2.1 points to 15.1 in April after falling a steep 15.1 points 13.0 in March.

US housing starts in February jumped sharply to a 1.450 million annualized rate from January's 1.321 million. March is expected to see a fall back to 1.400 million. Permits, at 1.524 million in February, also jumped sharply and are seen falling back sharply to 1.431 million in March.

In Canada, consumer inflation is forecast to have slowed further to 4.3 percent in March after easing to 5.2 percent in February from January's 5.9 percent rate.

The Bank of Canada left its policy rate at 4.50 percent last week, pausing for a second consecutive meeting after nearly a year of credit tightening totaling 425 basis points. The bank expects inflation to decelerate quickly to around 3 percent in the middle of this year and then decline more gradually to the 2 percent target by the end of 2024.

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.