In Switzerland, annual inflation is expected to dip a tick to just 1.2 percent in August.

Second-quarter GDP is expected to rise a quarterly 0.5 percent that would match stronger-than-expected expansion of 0.5 percent in the first quarter.

The US final manufacturing PMI for August is expected to come in at 48.0, unchanged from the flash and 49.6 in July.

After falling 1.7 points to 46.8 in July for its lowest score of the year, ISM manufacturing is expected to rebound 0.7 points to 47.5 in August. This index has missed Econoday's consensus estimate the last four reports in a row.

Construction spending is expected to edge 0.1 percent higher on the month in July versus June's 0.3 percent decline. Year-over-year, spending was up 6.2 percent in June.

Australian second-quarter GDP is expected to rise a quarterly 0.2 percent for year-over-year expansion of 0.9 percent. First-quarter results were marginal 0.1 percent growth on the quarter and 1.1 percent growth on the year.

In China, S&P's services PMI in August is expected to hold at July's better-than-expected 52.1 that compared with June's 51.2.

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.