In Singapore, consumer inflation is forecast to ease back to 3.1 percent in March after the annual rate accelerated to 3.4 percent in February from 2.9 percent in January.

The French PMI composite output index is expected to improve from March's final 48.3 to 48.8 in April, edging closer to the neutral threshold and but still indicating contraction.

The German purchasing managers' index (PMI) data is expected to show a slight improvement to 43.0 in April for the manufacturing sector after it sank into deeper contraction in March to 41.9 from February's 42.5. The services PMI is seen rising further to 50.5 after rebounding nearly 2 points to 50.1 in March. The composite index is forecast at 48.6, also up from March's 47.7.

Taiwan's industrial output is seen up 7.6 percent on the year in March, following a 1.1 percent fall in February.

In the Eurozone PMI data, the composite index is expected to rise to 50.8 in April from 50.3 in March and 49.2 in February. Manufacturing is expected to edge higher to 46.5 versus March's lower-than-expected 46.1 while services are also expected to edge higher to 51.8 from March's higher-than-expected 51.5.

The UK manufacturing PMI unexpectedly jumped nearly 3 points to 50.3 in March for its best showing since July 2022. April's consensus is 50.0. Services growth slowed 7 tenths in March to 53.1, with April expected at 53.3. The composite is expected to rise to 53.0 from March's 52.8.

In the US, the manufacturing flash PMI for April is forecast at 51.9, which would match March's final; for services, the consensus is also 51.9 versus 51.7.

US new home sales are expected to rise to a seasonally adjusted annualized rate of 670,000 units in March from 662,000 in February, when they eased slightly from 664,000 in January but were still solid given elevated mortgage rates.

Australia's monthly CPI data is expected to show inflation accelerated slightly to 3.5 percent in March from 3.4 percent in February, when it was unchanged from January. In the January-March quarter, the CPI inflation is forecast to have slowed further to 3.5 percent on year from 4.1 percent in October-December while the quarter-over-quarter increase is seen rising to 0.8 percent from 0.6 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.

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