In Germany, no revision is expected to the provisional August CPI report, leaving a 0.3 percent monthly increase and a 6.1 percent annual inflation rate, down from a final 6.2 percent in July.

French industrial production is expected to fall 0.3 percent on the month in July after falling an unexpectedly deep 0.9 percent in a poor June report.

In Canada, employment in August is expected to rise 12,000 after July's unexpected decline of 6,400 that, however, followed June's sharp 59,000 jump. August's unemployment rate is expected to edge 1 tenth higher to 5.6 percent.

Among US data, the second estimate for July wholesale inventories is expected to fall 0.1 percent, unchanged from the first estimate.

Consumer credit is expected to increase $18.0 billion in July versus $17.9 billion in June.

In China, deflationary pressures are expected to ease slightly. The year-over-year change in the consumer price index is forecast to be unchanged in August after falling 0.3 percent in July. The CPI has fallen steadily from January's 2.1 percent.

Chinese producer prices have been in contraction for nearly a full year. August's consensus is minus 3.1 percent on the year versus minus 4.4 percent in July.

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.