In the Eurozone, the harmonised index of consumer prices (HICP) for June is expected to show a 2.5 percent increase on year, easing from a 2.6 percent rise in May. Consensus for the narrow core is 2.8 percent, also slightly lower than 2.9 percent the previous month.

The region's May unemployment rate is seen rising to 6.5 percent from a record low of 6.4 percent hit in April.

The Labor Department's JOLTS report is expected to confirm the recent trend of slowing job openings. May's consensus is 7.9 million versus April's lower-than-expected 8.059 million and March's 8.355 million.

Federal Reserve Chairman Jerome Powell will participate in a policy panel before the European Central Bank Forum on Central Banking 2024 at 9:30 a.m. EDT (1330 GMT).

In Australia, retail sales are expected to increase 0.3 percent on the month in May after rising a lower-than-expected 0.1 percent in April and falling 0.4 percent in March. Households have trimmed discretionary spending amid high living and borrowing costs.

China' S&P services PMI is expected to slow to 53.4 in June versus May's stronger-than-expected 54.0 but that would still indicate the sector remains in growth territory.

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.