In Singapore, industrial production in July is expected to rebound 4.8 percent on the month following an unexpected and sharp 3.8 percent decline in June that was tied to the electronics industry. The year-over-year rate is seen improving to 0.7 percent contraction from 3.9 percent contraction in June.

Germany's Ifo business climate index is expected to fall further to 86.3 in August following July's 1.6-point fall to 87.0 that compared with expectations for improvement to 89.0. This indicator has missed the consensus the last three reports in a row.

US durable goods orders are forecast to rebound 4.5 percent on the month in July following a steep 6.7 percent fall in June that was pulled down by order cancellations for commercial aircraft. Excluding transportation, orders are seen unchanged in July. Core capital goods, which swung 0.9 percent higher in June, expected to rise just 0.1 percent.

The Dallas Fed manufacturing index that tracks factory activity in Texas is expected to tick up to minus 16 in August after retreating to minus 17.5 in July from an upwardly revised minus 13.5 in June.

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.