Italian industrial production is expected to rise 0.2 percent on the month in August, reversing only a fraction of July's surprisingly sharp 0.9 percent drop.

US consumer prices are forecast to rise 0.1 percent month on month in September and b2.3 percent on the year, slower than 0.2 percent and 2.5 percent seen the previous month.

Initial jobless claims in the US are estimated to increase to 226,000 from 225,000 the prior week. The labor market is slowing but still solid.

Richmond Federal Reserve Bank President Thomas Barkin participates in a fireside chat on the"2025 Economic Outlook and Beyond" before the Virginia Maritime Association 2024 International Trade Symposium at 10:30 a.m. EDT (1430 GMT).

New York Federal Reserve Bank President John Williams gives remarks and participates in a moderated discussion on the economic outlook and monetary policy before event organized by Binghamton University at 11 a.m. EDT (1500 GMT).

Amid cooling inflation, the Bank of Korea is expected to lower its policy interest rate by 25 basis points to 3.25 percent after having left it at a restrictive level of 3.50 percent for 13th consecutive meetings. The annual inflation rate has eased to 1.6 percent in September, below the bank's 2 percent target, from 2.0 percent in August and 2.6 percent in July. The bank last raised the Base Rate by 25 basis points to 3.50 in January 2023.

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.