In the US, the most important releases will be: inflation rate; retail trade; producer prices; consumer credit; JOLTs Job Openings; IBD/TIPP Economic Optimism; NFIB Business Optimism Index; the government's budget statement; export and import prices; business inventories and the final reading of wholesale stocks.
The UK will publish foreign trade, industrial production, construction output and Halifax house price index.
Elsewhere in Europe, the minutes from last ECB monetary policy meeting will be in the spotlight. Markets will also focus on: the Eurozone business survey, retail trade, industrial production and unemployment rate; Germany first estimate of 2017 full year GDP growth, factory orders, industrial production and trade balance; France foreign trade and industrial output; Switzerland inflation rate, unemployment and retail trade; Italy unemployment, retail sales and industrial production; Sweden inflation; and Poland interest rate decision.
In China, important data to be released include balance of trade, consumer and producer prices and foreign direct investment. Meanwhile in Japan, analysts are eyeing the publication of consumer confidence, alongside average cash earnings, Economy Watchers survey, current account and leading indices.
In Australia, key data to watch for will be NAB business confidence, retail trade and building permits.
Other important releases include: Canada housing starts; Mexico inflation and consumer morale; Brazil inflation and retail sales; India foreign trade, inflation and industrial production; Indonesia and the Philippines balance of trade; and South Korea jobless rate.