In Italy, the index for confidence in manufacturing is expected to slip from 96.4 in September to 96.0 this month. In the consumer sector, confidence is seen edging down from 105.4 to 105.2.

US personal income is expected to rise 0.4 percent on the month in September, with consumption expenditures expected to increase 0.5 percent. These would compare with August's 0.4 percent creases for both.

Inflation readings for September, measured by the personal consumption expenditures (PCE) price index, are expected at monthly increases of 0.3 percent both overall and for the core (versus August's increases of 0.4 and 0.1 percent). Annual rates are expected at 3.4 percent overall and 3.7 percent for the core (versus August's 3.5 and 3.9 percent).

The University of Michigan's consumer sentiment index is expected to end October at 63.0, unchanged from the mid-month flash and more than 5 points lower than September.

Federal Reserve Vice Chair for Supervision Michael Barr will give opening remarks on the second day of the Economics of Payments XII Conference at 9 a.m. EDT (1300 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.

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