UK retail sales are expected to rise 0.3 percent on the month in March after being flat in February and rising 3.6 percent in January. That would confirm a solid contribution to quarterly GDP growth. Retail sales have outperformed expectations so far this year.

German producer prices are expected to post a marginal 0.1 percent rise on the month in March after falling 0.4 percent in February. On the year, the PPI is expected to fall 3.3 percent versus 4.1 percent contraction in February.

Chicago Federal Reserve Bank President Austan Goolsbee will participate in a moderated question-and-answer session before the Society for Advancing Business Editing and Writing (SABEW) Annual Conference at 10:30 a.m. EDT (1430 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.