Industrial production in Singapore is forecast to show no growth on the month in June after rising in the previous two months, up 1.1 percent in May and 7.5 percent in April. From a year earlier, output is also seen flat, following a 2.9 percent gain in May and a 1.2 percent dip in April.

Italy's manufacturing confidence index is forecast at 86.9 in July, little changed from 86.8 in June, when it deteriorated from May's 88.2, while the consumer confidence index is seen unchanged at 98.3 after improving from 96.4.

In the US, personal income is expected to rise 0.4 percent on the month in June, with consumption expenditures expected to increase 0.3 percent. These would compare with May's increases of 0.5 percent for income and 0.2 percent for consumption. Inflation readings for June are forecast at monthly increases of 0.1 percent both overall and for the core (versus 0.0 and 0.1 percent in May), with annual rates seen at 2.5 percent for both (versus 2.6 percent for both).

The University of Michigan's consumer sentiment index is expected to hold at the preliminary reading of 66.0 that was more than 2 points below June. Two weeks of high political drama are unlikely to affect July's final reading. Year-ahead inflation expectations for final July are expected at 2.9 percent, also unchanged from the initial report.

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.