The UK public sector net borrowing requirement (PSNB) data is forecast to show overall net borrowing fell sharply to £3.0 billion in July from £17.67 billion in June in line with the usual July seasonal pattern.

In the Confederation of British Industry (CBI) survey of the UK manufacturing industry, the headline balance is expected to drop from minus 9 percent in July to minus 13 percent this month.

US existing home sales are forecast at 4.15 million units at an annual rate in July, a month before mortgage rates started to jump, easing from 4.16 million in June. The National Association of Realtors has been citing lack of available inventory for the slow pace of sales.

Richmond Fed's manufacturing index in August is not expected to emerge from seven prior months of contraction, at a consensus minus 6 versus minus 9 in July.

Richmond Federal Reserve Bank President Thomas Barkin will speak at Business@Breakfast: 2023 Economic Forecast Update at the Danville Chamber of Commerce at 7:30 a.m. EDT (1130 GMT).

Chicago Federal Reserve Bank President Austan Goolsbee will participate in the event"Fed Listens: Joining the Labor Force After Covid -- A Discussion on Youth Employment," hosted by the Federal Reserve Bank of Chicago at 2:30 p.m. EDT (1830 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.