The UK's economic growth remains sluggish. Second-quarter GDP is expected to match the its first quarter level, leaving annual growth steady at a 0.2 percent. GDP in the month of June is expected to edge 0.1 percent higher versus 0.1 percent contraction in May, which compared with expectations for contraction of 0.4 percent.

Among other UK data, industrial production is expected to rise 0.2 percent on the month in June following a 0.6 percent fall in May. Manufacturing output, which fell a monthly 0.2 percent in May, is expected to rise 0.2 percent.

The global goods deficit is expected to narrow slightly to £17.2 billion in June from £18.72 billion in May.

In France, no revisions are expected to the provisional CPI data for July, which was unchanged on the month and up 4.3 percent on the year.

Among US data, producer prices in July are expected to rise a slight 0.2 percent on the month versus a 0.1 percent increase in June. The annual rate in July is seen rising 0.7 percent versus June's gain, which like the monthly one, was only 0.1 percent. Excluding food and energy, the PPI rate is seen at 0.2 percent on the month and 2.3 percent on the year versus June's 0.1 percent on the month and 2.4 percent yearly rate.

The University of Michigan consumer sentiment index is expected to slip back 3 tenths to 71.3 in August after surging more than 7 points to 71.6 in July.

In India, year-over-year industrial production growth is expected to ease to 4.5 percent in June from 5.7 percent in May.

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.