In the UK, industrial production is expected to fall 0.2 percent on the month in August following a 0.7 percent decline in July that reversed only a portion of June's 1.8 percent surge. Manufacturing output, which fell 0.8 percent in July but jumped 2.4 percent in June, is expected to fall 0.3 percent.

The UK GDP data for the month of August is expected to show a 0.2 percent rebound after a 0.5 percent drop in July, which was much weaker than expected.

At 1330 CET (7:30 a.m. EDT/1130 GMT), the European Central Bank will release the minutes of its Sept. 13-14 meeting, at which the Governing Council decided to raise the key policy interest rate by 25 basis points to 4.50 percent, noting that inflation continued to decline but was still expected to remain too high for too long.

Among Indian indicators due at 8 a.m. EDT (1200 GMT), consume inflation is forecast to slow to 5.70 percent in September from 6.83 percent in August and following 7.44 percent, which was led by a weather-driven spike in food prices. The year-over-year growth in industrial production is seen accelerating to 9.3 percent in August from 5.7 percent in July.

The US CPI data is expected to show core prices in September were steady at a monthly increase of 0.3 percent to match August's 0.3 percent rise, which was 1 tenth over Econoday's consensus. Overall prices are also expected to rise 0.3 percent on the month after August's as-expected percent 0.6 increase, which hit expectations. Annual rates, at 3.7 percent overall and 4.3 percent for the core in August, are forecast to ease to 3.6 and 4.1 percent, respectively.

The new jobless claims for the October 8 week are expected to come in at 209,000 versus 207,000 in the prior week.

The US Treasury is forecast to report a $30.0 billion deficit in September that would compare with an unexpected surplus of $89.3 billion in August this year and a substantial deficit of $429.7 billion September a year-ago. September is the final month of the government's fiscal year.

Atlanta Federal Reserve Bank President Raphael Bostic will give welcoming remarks to the National Agriculture Conference hosted by the Federal Reserve Banks of Atlanta and Kansas City and discuss the economic importance of agriculture in the Sixth District at 1 p.m. EDT (1700 GMT).

Boston Federal Reserve Bank President Susan Collins will speak on the economy before the 22nd Annual Regional and Community Bankers Conference hosted by the Federal Reserve Bank of Boston at 4 p.m. EDT (2000 GMT).

In Asia, Singapore's third quarter GDP is forecast to have risen 0.5% on the year after growing at the same rate in the second quarter.

China's trade surplus for September is expected to widen to US$70.50 billion versus August's lower-than-expected US$68.36 billion.

Chinese consumer inflation is expected to edge up 0.2 percent on the year in September after August's nearly as-expected 0.1 percent. The CPI last peaked in January at 2.1 percent.

Producer prices in China have been in annual contraction the last eleven reports. September's consensus is minus 2.4 percent on the year versus a nearly as-expected minus 3.0 percent in August.

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.