The pace of year-over-year increase in Singapore's industrial production is expected to be little changed at 0.9 percent in December compared to 1.0 percent in November.

Germany's Gfk consumer climate index is expected to improve for a third straight month, rising to minus 24.5 in February's report from minus 25.1 in January, when it picked up from minus 27.6 in December and minus 28.3 in November, which was the lowest since April (minus 29.3).

In the Eurozone, annual broad money growth (on a 3-month basis) is expected to remain in contraction, at minus 0.9 percent versus minus 1.0 percent in November.

US personal income is expected to rise 0.3 percent on the month in December with consumption expenditures expected to increase 0.4 percent. These would compare with November's increases of 0.4 and 0.2 percent.

Inflation readings for December are expected at monthly increases of 0.2 percent both overall and for the core (versus 0.1 percent contraction overall in November and a 0.1 percent gain for the core). Annual rates are expected at 2.7 percent overall and 3.0 percent for the core (versus November's 2.6 and 3.2 percent).

Pending home sales in December, which were unchanged in November, are expected to rise 1.3 percent on the month.

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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