Among US data, new home sales are forecast to ease to 700,000 units at an annualized rate in August after firming to an above-forecast 739,000 in July from an upwardly revised 668,000 in June.

Federal Reserve Board Governor Adriana Kugler will speak on the economic outlook before event hosted by Harvard Kennedy School at 4 p.m. (2000 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.