Before the European and US markets open, the Reserve Bank of India is expected to announce its monetary policy decision at 10 a.m. in Mumbai Wednesday (0430 GMT/0030 a.m. EDT Wednesday). The RBI is expected to stand pat for a 10th meeting in a row, leaving its policy rate unchanged at 6.50 percent to guide inflation within its 2 to 6 percent target range. Consumer inflation continued accelerating to 3.65 percent in August from 3.54 percent in July.

Germany's goods balance is expected to widen to a €18.4 billion surplus in August from a narrower-than-expected surplus of €16.8 billion in July.

In the US, the second estimate for August wholesale inventories is for a 0.2 percent increase, unchanged from the first estimate.

Atlanta Federal Reserve Bank President Raphael Bostic gives welcome remarks before the Greater Atlanta Home Builders Association monthly meeting at 8 a.m. EDT (1200 GMT).

Dallas Federal Reserve Bank President Lorie Logan speaks on the current state of the economy before the Future of Global Energy Conference presented by Shell USA, Inc. and co-hosted by the Greater Houston Partnership at 9:15 EDT (1315 GMT).

Chicago Federal Reserve Bank President Austan Goolsbee gives opening remarks before hybrid Chicago Payments Symposium at 10:30 a.m. EDT (1430 GMT).

Richmond Federal Reserve Bank President Thomas Barkin speaks before the Chicago Payments Symposium.

Boston Federal Reserve Bank President Susan Collins speaks before the Worcester Regional Research Bureau 39th Annual Meeting at 5 p.m. (2100 GMT).

San Francisco Federal Reserve Bank President Mary Daly participates in a moderated conversation on monetary policy and the economic outlook at Boise State University 6 p.m. (2200 GMT).

Producer inflation in Japan is expected to ease further to 2.4 percent in September from 2.5 percent in August and 3.0 percent in July as the government resumed utility subsides to support households and businesses hit by high costs. On the month, the corporate goods price index (CGPI) is seen down 0.3 percent following a 0.2 percent dip. The yen's appreciation has helped lower import costs.

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.