The UK's inflation is expected to show a further sign of easing. The CPI annual rate in March is forecast at 3.1 percent, moderating from a below-forecast 3.4 percent in February and 4.0 percent in January.

In the UK PPI data, both input costs and output prices are expected to post small gains in March, the former seen up 0.1 percent on the month versus minus 0.4 percent in February and the latter 0.2 percent versus plus 0.3 percent.

The Eurozone harmonised index of consumer prices (HICP) for March are expected to show no revisions to the flash data, leaving a 2.4 percent headline inflation rate, down from February's final 2.6 percent, and a 2.9 percent narrow core, down from 3.1 percent.

Cleveland Federal Reserve Bank President Loretta Mester will speak on"An Update From the Federal Reserve" before the South Franklin Circle Dialogues Series at 5:30 p.m. EDT (2130 GMT).

Federal Reserve Board Governor Michelle Bowman will participate in a fireside chat before the Institute for International Finance (IIF) Global Outlook Forum at 7:15 p.m. EDT (2315 GMT).

In Australia, employment is expected to grow 50,000 in March, although some forecasters expect a decline in payback for a 116,500 jump in February. The seasonally adjusted unemployment rate is forecast at 3.9 percent after easing to 3.7 percent in February from 4.1 percent in January, when it rose from 3.9 percent in December. The participation rate is seen steady at 66.7 percent.

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.