No revisions are expected to the German CPI data, leaving annual inflation at 1.9 percent, down from 2.3 percent, and the HICP rate at 2.0 percent, down from 2.6 percent and in line with the ECB's target.

In the UK, the ILO unemployment rate for the three months to July is expected to hold at the previous period's surprisingly low 4.2 percent. Average earnings growth for the three months to July is seen easing to 4.1 percent from the second quarter's as-expected 4.5 percent.

UK industrial production is expected to slip 0.1 percent on the month following a surprisingly firm 0.5 percent bounce in June.

In the US, the National Federation of Independent Business (NFIB) optimism index is expected to show no significant change at 93.6 versus 93.7 in a July report that, boosted by expectations for Federal Reserve rate cuts, was up 2.2 points from June for the highest level since February 2022.

Federal Reserve Vice Chair for Supervision Michael Barr will speak on"Basel III Endgame" before the Brookings Institution at 10 a.m. (1400 GMT).

China's trade surplus for August is expected to narrow to US$82.0 billion versus a narrower-than-expected surplus of US$84.65 billion in a July report that showed an increase in imports and slowing growth in exports.

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.