UK retail sales volumes are forecast to bound back 0.8 percent on the month in July after slumping 1.2 percent as poor weather kept shoppers away, following a 2.9 percent surge in May, which appeared stellar in comparison to slower sales in May 2023 when the country marked the coronation of King Charles III. An additional holiday back then was a damper while a similar factor could have buoyed sales in other economies like Japan's.

Canadian housing starts are expected to rise slightly to a 245,000 annual rate in July versus June's 241,672.

US housing starts in July are expected to slow slightly to a 1.342 million annual rate versus June's higher-than-expected 1.353 million rate. Permits, at 1.446 million in June, and which were also higher than expected, are seen slowing to a 1.430 million rate. June's results benefited from strong demand for multi-unit structures.

In the first indication for August, the University of Michigan's consumer sentiment index is expected to edge higher to 67.0 from July's 66.4. Readings in this report have been depressed.

Chicago Federal Reserve Bank President Austan Goolsbee will participate in a fireside chat before the Angeles Investors' Q3 Summit and Awards Event at 1:25 p.m. EDT (1715 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.