In Germany, the producer price index is forecast to edge up 0.1 percent on the month after July's 1.1 percent plunge. With base effects very negative, annual PPI inflation should fall from minus 6.0 percent to minus 12.8 percent.

Consume inflation in the UK is expected to accelerate to 7.1 percent in August after moderating to 6.8 percent in July from 7.9 percent in June as expected. On the month, the CPI is seen 0.7 percent following July's 0.4 percent fall.

As for the UK PPI, output prices are seen up 0.2 percent on the month in August, with input costs climbing a sharper 0.5 percent.

At 2 p.m. EDT (1800 GMT), the Federal Open Market Committee is scheduled to announce the outcome of its two-day policy meeting. The FOMC is expected to stand pat amid easing wage pressures after raising the target range for the federal funds rate by 25 basis points to a range of 5.00 to 5.25 percent in July and holding it steady in June.

Federal Reserve Chair Jerome Powell will hold a post-meeting news conference at 2:30 p.m. EDT (1830 GMT).

New Zealand's GDP is forecast to show a 0.5 percent rebound in the second quarter after a 0.1 percent drop in the first quarter. The year-over-year growth rate is expected to slow to 1.3 percent from 2.2 percent.

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.