UK manufacturing output is seen falling a further 0.5 percent on the month in May with overall industrial production down a marginally smaller 0.4 percent.

The UK's trade deficit is seen widening out slightly to £15.5 billion in May from £15.0 billion in April.

UK GDP in the month of May is expected to fall 0.4 percent versus April expansion of 0.2 percent.

In France, no revision is expected to the June CPI data, leaving a 0.2 percent monthly rise and a 4.5 percent annual inflation rate, the latter down from May's final 5.1 percent.

The Eurozone's industrial production in May is expected to rise a further 0.5 percent on the month after chewing back lost some ground in April with a 1.0 percent rebound.

Among US data, new jobless claims for the July 13 week are expected to come in at 249,000 versus 248,000 in the prior week.

Producer prices in June are expected to rise 0.2 percent on the month versus a 0.3 percent fall in May. The annual rate in June is seen at plus 0.5 percent versus May's plus 1.1 percent. June's ex-food ex-energy rate is seen at 0.2 percent on the month and 2.8 percent on the year, which would exactly match May's results.

As for the Treasury statement, forecasts center on a deficit of $169.0 billion for June after a deficit of $240.3 billion in May.

Federal Reserve Board Governor Christopher Waller will discuss the economic and policy outlook at the Money Marketeers Speech, in New York, NY at 6:45 p.m. EDT (2245 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.