German producer prices are expected to rise 0.4 percent on the month in September after August's 0.3 percent increase. From a year earlier, the PPI is seen falling 14.2 percent, with the pace of decrease accelerating from 12.6 percent previously.

UK retail sales volumes are forecast to slip 0.1 percent on the month in September following a partial 0.4 percent rebound in August and a 1.1 percent slump in July, when rain deterred shopping. Sales are expected to be flat on the year after falling 1.4 percent in August and 3.1 percent in July.

The US data calendar is thin on Friday.

In Canada, retail sales in August are expected to rise 0.3 percent on the month to match July's 0.3 percent increase that saw prices rise but volumes drop. Statistics Canada's advance estimate for August provided last month is a 0.3 percent drop and some economists expect sales to be flat as elevated consumer prices are eroding households' purchasing power.

Philadelphia Federal Reserve Bank President Patrick Harker will speak on the economic outlook before the Risk Management Association Philadelphia Chapter Meeting at 9 a.m. EDT (1300 GMT).

Cleveland Federal Reserve Bank President Loretta Mester will speak to the SOMC Fall Meeting at the Manhattan Institute for Policy Research at 12:15 p.m. EDT (1615 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.