In Germany, no revisions are expected to the third quarter GDP data, leaving a 0.1 percent quarterly contraction and a workday adjusted annual decline of 0.3 percent.

Germany's Ifo business climate index is expected to rise to 87.5 in November after climbing to 86.9, a point above expectations, in October from a revised 85.8 in September.

In the US flash purchasing managers' index (PMI) data for November, the services sector PMI is seen 50.5 in November, little changed from 50.6 in October. It has held the 50 column the last nine reports but not by much. The manufacturing PMI, at 50.0 in October, is expected to slip to 49.8 in November.

Canadian retail sales in September are expected to come in unchanged following a 0.1 percent dip 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.